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IMPACT Accelerator

Using FIWARE to make an IMPACT 1024 683 IMPACT Accelerator

Using FIWARE to make an IMPACT

Solving the problems of today and tomorrow with open-source technologies

Some facts about FIWARE...

  • FIWARE technologies are being used to solve critical problems all over the world.
  • Solutions powered by FIWARE are as diverse as cleaning solar panels, allowing deaf people to interact with a sound-based world, maintaining the handling temperature of food, and visualizing real-time weather information.
  • The FIWARE community links more than 1,000 startups in nearly 90 cities. The community gets together twice a year for the FIWARE Tech Summit and the FIWARE Global Summit.
  • FIWARE is trusted by super startups like Carto and Glamping Hub.

But what is FIWARE?

In 2011, the European Commision launched a €300 million initiative, the Future Internet Public Private Partnership (FI-PPP), to “increase and share the social and economic benefits of the future internet for consumers, citizens, businesses and the public sector.” The FI-PPP set to work and subsequently developed FIWARE.

FIWARE is a scalable, open-source platform that provides a simple yet powerful set of APIs to ease the development of smart applications. FIWARE’s technologies are royalty-free and available to all–along with support materials, including a Generic Enablers catalog, video tutorials, guides for developers, and more–on the FIWARE website.

The mayor of Málaga, Francisco de la Torre, tries out a VR headset developed by IMPACT startup YBVR. | photo: FIWARE Foundation

A tool for any occasion

FIWARE offers a wide range of solutions for startups and other technology-based organizations. Think of it as a toolkit. Any good toolkit contains a wrench, a hammer, several screwdrivers, pliers and so on. You don’t need to use all the tools at once, but you do expect the right tool to be at hand when you encounter something to be fixed. FIWARE works the same way. You can pick and choose which Generic Enablers to incorporate into your technological base depending on what solution you need. Looking for software to enable complex data visualization? Need to retrieve aggregated information from IoT devices? Want a springboard for developing your augmented reality (AR) platform? FIWARE covers all this and more.

Currently, FIWARE is solving real problems all over the world. Its Enablers make it especially well-adapted for Smart City solutions. For example, it’s being implemented in Seville, Spain to monitor water quality in public fountains.

Another powered-by-FIWARE solution aims to use robots to make life easier for the elderly and other people who may have reduced mobility. This project is a collaboration between eProsima robots and Situm indoor navigation software; they were able to build a bridge between their services using a FIWARE Enabler, thus taking steps toward making robotic assistance a reality.

FIWARE & IMPACT

The histories of FIWARE and IMPACT have been intertwined since the beginning of the accelerator program’s existence. IMPACT Accelerator was created by a consortium of European companies in 2014, when the European Commission awarded the consortium with a €6.4 million fund to be used to accelerate European FIWARE startups.

The fund was put towards a variety of FIWARE-promoting activities, including international events and hackathons. Most of it was centralized, however, in the acceleration program, which paired high-quality training with equity-free funding for startups. IMPACT held three open calls for startups over two years. More than 5,000 startups applied from more than 60 countries, representing sectors as diverse as education, e-commerce, and infrastructure and security. All applicants were already using FIWARE or submitted a FIWARE implementation plan.

Through our open calls, more than 5,000 startups were therefore actively engaged in the FIWARE community. Many of them liked what they saw, becoming contributors to the open-source repository of code and improving existing enablers.

The best 60 startups were selected to participate in the IMPACT Acceleration program. Most of these are still in existence today, and many of them have become FIWARE success cases.

The FIWARE Summit showcases the best startups and companies implementing FIWARE, while connecting developers, founders, corporates, and more. | photo: FIWARE Foundation

A deeper relationship

Over the course of our history with FIWARE, we saw it grow from an early-stage project into the mature suite of solutions it is today. When we began to prepare our second program, IMPACT Growth, we realized that we could benefit from a deeper relationship with FIWARE. That’s why the FIWARE Foundation entered IMPACT as a consortium partner in IMPACT Growth. This program is focused on four verticals identified by the European Commission as key areas for future investment: Smart Cities, Smart Content, Smart Manufacturing and Smart Agrifood. It’s important to us at IMPACT to align our goals and objectives with European Union policies, and the IMPACT Growth program is making that happen.

Soon after the launch of IMPACT Growth, we embarked on yet another program, IMPACT Connected Car. The FIWARE Foundation is also a consortium member in this initiative, which is focused on unifying and strengthening all parts of the connected vehicle value chain.

All IMPACT startups, therefore, have access to extensive FIWARE support, and they’re taking advantage of it: IMPACT startups are using the technologies to power amazing things. For example, Insylo is using FIWARE to remotely monitor the stocks of the silos of the livestock farms and optimize the replenishment routes. FIWARE has allowed LeeLuu Stories to create interactive nightlights that track children’s sleep. Measurence has implemented Enablers to detect presence, position and activity of people within physical spaces, thereby creating an actionable data platform for any physical commerce business. The possibilities are endless!

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IMPACT Connected Car’s first open call closes after receiving more than 500 applications 1024 535 IMPACT Accelerator

IMPACT Connected Car’s first open call closes after receiving more than 500 applications

Europe opts for the development of connected vehicles, and startups rise to the challenge.

  • IMPACT Connected Car, an acceleration program funded by the European Commission, closes its first call with over 500 applications coming from 41 countries.
  • Spain, Poland, Italy and France led the numbers of startups and SMEs applying to this first call.
  • At the forefront of the applications are the domains of vehicle electric chargers, cyber security measures against hackers, intelligent driving and zero emission transportation.
  • In the next couple of years, over 60 SMEs and startups will join the IMPACT Connected Car program and receive up to €60,000 equity free funding, as well as expert mentoring and support.

IMPACT Connected Car wraps up its first call for applicants with the participation of over 500 startups and SMEs coming from 41 countries, amongst which Spain, Poland, Italy and France are the most represented. The program, funded within the framework of INNOSUP, part of the European Commission’s Horizon 2020, aims to respond to societal and industrial needs in the landscape of the connected car.

The European Commission has opted to fund this venture due to the increased importance of new mobility solutions. As autonomous vehicles and connected cars move from science fiction to reality, Europe is placing priority on finding ways to tackle the arising opportunities and challenges posed by these technologies.

IMPACT Connected Car supports, connects and funds companies with innovative projects in the fields of wireless chargers, cyber security measures against hackers, smart mobility and zero emission transportation. Not only are these developments important for the continued safety and welfare of citizens and infrastructure, but this market is expected to represent a €141 billion business opportunity by 2020.

The acceleration process

The selected startups will enter a three-stage smartization program, including business coaching led by ISDI, and will receive up to €60,000 in equity free funding. Top performing startups will have the opportunity to obtain additional private funds of up to €200,000 from participating venture capital funds.

As in other IMPACT programs, the entrepreneurs will have access to an international network of more than a hundred recognised mentors, such as Ken Stewart, CEO of Karma Automotive, and Carintia Martinez, Director of Information Systems at Renault, as well as founders and investors who are experts in different key areas of knowledge, both in the digital sector and in the automotive industry.

The selected companies will be showcased at top international events organised over the course of the year by 4YFN and Mobile World Capital Barcelona.

The project

With a fund of €2.1 million, IMPACT Connected Car will help boost SMEs and startups dedicated to innovating and developing smart mobility solutions. The program provides a direct link between entrepreneurs and large corporations, and addresses the fragmentation in the automobile industry, which until now has hindered its digital transformation.

IMPACT Connected Car capitalizes on the potential of five of the leading automobile clusters in Europe that facilitate the validation and the market introduction of disruptive innovations in smart driving and urban mobility.

To further inspire companies in the industry to drive forward such innovative projects, IMPACT Connected Car has preselected three pioneering connected car companies that are already making an impact on the emerging value chains in their respective sectors:

  • Botcar (Spain) allows for traditional cars to be adapted and converted into connected cars
  • Hevo (The Netherlands) has developed an innovative wireless charging experience for electric vehicles
  • Little (Spain) the first Spanish SME manufacturer of all-electric cars
IMPACT Connected Car is able to reach new heights thanks to its stellar team of consortium members.

The consortium

In addition to the above-mentioned companies, IMPACT Connected Car is supported by the collaboration of 13 partners from across Europe:  FundingBox, CTAG, INSERO, Mov’eo, Autoklastr, LPNT, Mobile World Capital Barcelona, ISDI, PARP, Ferrovial Servicios, Groupe PSA, Federation Internationale de l’Automobile and FIWARE Foundation. IMPACT Connected Car is funded by the Horizon 2020 Framework Programme for the European Union under grant agreement no. 731343.

The next IMPACT Connected Car call for startups and SMEs is expected to open in the spring of 2018.

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A look back at the first IMPACT Growth Welcome Week 1024 484 IMPACT Accelerator

A look back at the first IMPACT Growth Welcome Week

In September, fourteen of the best startups in Europe began their IMPACT Growth journey.

It all kicked off in Madrid with Welcome Week.

You might have heard about the equity-free funding IMPACT Accelerator gives startups. While this is the first benefit that many hopeful applicants notice, the truth is that IMPACT offers so much more.

In our program IMPACT Growth, this funding goes hand-in-hand with an intensive, three-month acceleration program. Acceleration at IMPACT is designed to give participating startups an overall boost, while also drilling down on the challenges specific to each business. We help startups grow exponentially.

Startups work hard but it's not all serious at IMPACT Growth Welcome Week.

IMPACT’s acceleration is unique in that it is de-localized. Startups can take part from their home city through our in-house acceleration management software, AcceleraTHOR. No need to uproot their companies and move to an unfamiliar place for months on end.

However, community is important to us. We work with startups remotely, but we want to know who’s on the other end of the call. That’s why IMPACT Growth’s first batch of acceleration kicked off in September 2017 with Welcome Week, a rigorous six-day event that brought together renowned companies; business and technology experts from all over the world including Denmark, USA, Argentina, Israel, France, and Spain; and, of course, members of the startups from around the European continent and beyond.

Welcome Week took place in the newly renovated space at ISDI Madrid, which opened exclusively for the event.

Networking was also a key part of IMPACT Growth's Welcome Week.

IMPACT Growth’s partners were all present, including:

  • ISDI, the first native digital business school;
  • Accelerace, one of the top investors and accelerators from Northern Europe;
  • FundingBox, the platform for startups and SMEs to join tech-related communities and win public funding;
  • 4YFN, the startup business platform of Mobile World Capital Barcelona that connects startups, investors and corporations;
  • the FIWARE Foundation, offering open source technology for smart solutions;
  • Kibo Ventures, one of Spain’s leading VC firms;
  • Invesdor, the go-to for equity crowdfunding in the EEA;
  • and our four corporate partners: MADE, DanoneDOCOMO Digital, and Ferrovial Servicios.
Aquilino Peña, founder of Kibo Ventures, introduces his firm and its role as part of the IMPACT Growth consortium.

Welcome Week was designed to inspire, connect ecosystems, and foster hands-on learning. The week was divided into two parts.

  1. Welcome Day. The first day of the program was a high-powered introduction to IMPACT Growth which included networking, startup-mentor matching, and an internationally-renowned keynote speaker.
  2. Training Camp. The following five days made up the Training Camp portion of the event, a week of learning and growth which was carefully designed by ISDI and Accelerace to push the selected startups to their highest level of performance.

Welcome Day

Welcome Day brought together startups, mentors, IMPACT Growth partners, reprentatives from global brands, and experts from around the world. Startups got to meet each other and were introduced to the program: what to expect from the upcoming several months and what would be expected from them.

Additionally, startups had one-to-one meetings with the IMPACT team in order to establish a good line of communication and to fully understand startups’ business objectives and strategic fields of action fundamental to their development and growth. At IMPACT, we do everything we can to support our startups, whether that be putting them in touch with strategic people or offering additional support in overcoming a particularly tough problem.

Nacho de Pinedo, CEO of ISDI, pushed the startups to explore their why - what keeps them motivated.

During the stand-up lunch, startup members had the opportunity to network with each other, as well as with mentors and members of the IMPACT consortium. In the afternoon, startups had one-to-one sessions with members of the different corporates involved in the program: Danone, MADE, Ferrovial Servicios, and DOCOMO Digital.

To wrap up the day, our keynote speaker, Gustavo Brusilovsky–CEO and cofounder of Klikin and former CEO and cofounder of BuyVIP–gave an inspirational talk about BuyVIP: from its foundation to its exit to Amazon. After a few drinks and the last bit of networking, Welcome Day was officially over… but the week had just begun!

Training Camp

Each day of the Training Camp was centered around a different theme and featured expert speakers and professors.

  • Day 1 was all about Product.
  • Day 2 revolved around Internationalization & Corporations.
  • Day 3’s focus was Team.
  • Day 4 was a great opportunity for the startups to learn more about Dashboards & Fundraising.
  • The theme for Day 5 was Marketing.

We were honored to have the participation of truly amazing speakers, including Sergio Álvarez Leiva, cofounder and CEO of CARTO; Bartek Kunowski, VP Product at Glovo; Efi Shema, Principal at Rhodium; Ander Michelena, cofounder and CEO of ticketBis; Juan Pablo Puerta, formerly of Yahoo, Etsy, SoundCloud, and more; Javier Martin, Regional Human Resources Director at Google; Juan Lopez, Chief Investment Officer at Kibo Ventures; Ariel Poler, angel investor, board member and founder of multiple tech companies; Andy Stalman, author of BrandOffOn​ and HumanOffOn; and Thomas Petit, Growth Team Member at 8fit.

Sebastián Muller, Acceleration Director (ISDI), got startups excited about the coming months.

We were also honored to get a special welcome video from Brian Wong! Check it out below.

IMPACT’s … well, impact

The only way to really see the results of any program is by measuring the outcome. That’s why startup members were asked to rate the instructors after each lecture and workshop. On average, instructors were rated 8.03 out of 10 in the evaluations. Likewise, instructors and mentors expressed great admiration for the members of the startups.

We at IMPACT Accelerator would like to thank our mentors, instructors, and partners, and, of course, the members of the fourteen amazing startups participating in the first batch of IMPACT Growth 2017.

 

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A record-breaking number of 2,000 startups apply to IMPACT Growth’s last open call 1024 768 IMPACT Accelerator

A record-breaking number of 2,000 startups apply to IMPACT Growth’s last open call

IMPACT Growth's last open call for startups is a huge success!

  • The IMPACT Growth accelerator will select 14 startups from among the 2,000 participants
  • The program, which offers €3.6 million in equity-free funding, has received applications from more than 60 countries. Among IMPACT Growth’s four verticals, Smart Content and Smart Cities accounted for 71% of the applications
  • These selected startups will join the 14 companies that were selected in the first open call and are currently being accelerated
  • IMPACT Connected Car, IMPACT Accelerator’s other program, has also had an open call seeking startups and SMEs that offer to disrupt the emerging market of connected vehicles; the program had more than 500 applications

IMPACT Growth, the startup acceleration program backed by leading accelerators, venture capital entities and global brands, wrapped up its second and last call for applicants with the participation of over 2,000 startups. The call, launched in September in DLD Tel Aviv, and promoted in top global events such as MWC Americas, Web Summit, Slush, South Summit and MWC Shanghai, has received applications from more than 60 countries, in the Americas, Africa, Asia and Europe. From among the participants IMPACT Growth will select a total of 14 startups to initiate an acceleration process headed by ISDI and Accelerace. These selected startups will join the 14 companies that were selected in the first open call and are currently being accelerated.

Out of the 2,000 applicants, 20 semi-finalists will be chosen before narrowing it down to the 14 finalists

Application stats

Spain, Italy, Poland and Denmark led the number of applications in this second call. Among IMPACT Growth’s four verticals, of special note was the participation of startups in the Smart Content (41% of applications) and Smart Cities (30% of applications) sectors. Smart Agrifood and Smart Manufacturing are the other two verticals, accounting for 13% and 11% of the applications, respectively. The global brands Ferrovial Servicios, MADE, Danone and DOCOMO Digital will support the startups selected in their verticals.

About IMPACT Growth

IMPACT Growth is an initiative funded by the European Commission’s Horizon 2020 program, with a total of €3.6 million for its initial phase. The project, led by FundingBox, features two calls for applicants for the selection of a total of 28 startups, granting each with 100,000 euros equity-free for their initial funding and the best four with an additional funding of 150,000 euros equity-free. Participants have the possibility of obtaining more funding through partner Invesdor‘s crowdfunding platform. The top startups will be able to receive private investment of up to €1.5 million from the European venture capital Kibo Ventures.

The startups will participate in a training program featuring international experts and entrepreneurs in Madrid, Copenhagen and Barcelona, and access an international network of over 100 renowned mentors, founders and investors. The training program will go hand in hand with participation in the different international events organised by 4YFN, the business platform for the growing community of technology startups at the global level supported by Mobile World Capital Barcelona (MWCapital).

The startups will also benefit from support by the FIWARE Foundation for the integration of this technology into the development of their projects. FIWARE is an innovative, open source, Cloud-based technology that makes possible the creation and deployment of global services and applications in the new digital age.

Other IMPACT programs

IMPACT Growth is one of the two programs IMPACT Accelerator, which invested over €14 million in 77 startups from 2014 to 2017 and has recently been named among the global top ten in Gust’s Global Accelerator Report after evaluating 579 programs from five continents. IMPACT Connected Car, IMPACT Accelerator’s other currently-running program, has also recently had a call for startups and SMEs that offer to disrupt the emerging market of connected vehicles. More than 500 startups applied, for a total of more than 2,500 applications to IMPACT programs in recent months. In 2018, IMPACT Accelerator plans to launch a new acceleration program focused on startups disrupting the robotics market.

IMPACT Growth's Jury Day will be held at ISDI Madrid in the spring of 2018

Jury Day to announce the winners

The winners of this selection process will be announced after a Jury Day slated for March 1st at the ISDI Digital Acceleration Center in Madrid. A shortlist of selected startups will pitch in front of panel of experts that will judge these companies taking into account account criteria such as scalability and international growth.

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What is “The Best” thing about IMPACT Growth? 1024 231 IMPACT Accelerator

What is “The Best” thing about IMPACT Growth?

What is The Best thing about IMPACT Growth?

The 14 startups selected for the first batch of IMPACT Growth kicked off their acceleration with Welcome Week in September 2017. This intensive event, hosted by ISDI Madrid, brought together startups, mentors, corps, IMPACT partners, and world-renowned experts for learning and growth.

Here, startups give insight into what they liked best about the event.

Startups featured in this video include GymCraft, Fashion Cloud, YBVR, and Farm Dog.

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IMPACT Connected Car launches its first open call with €2.1 million equity-free funding for SMEs and startups 1024 535 IMPACT Accelerator

IMPACT Connected Car launches its first open call with €2.1 million equity-free funding for SMEs and startups

IMPACT Connected Car launches its first open call with €2.1 million equity-free funding for SMEs and startups

  • IMPACT Connected Car sets out to support, connect and fund companies that offer to disrupt the emerging market of the connected car, expected to reach €141 billion globally by 2020
  • Wireless electric charging, hacker-protected cars, smart driving and zero-emission transport are some of the innovative concepts brought forward by pioneering companies who have been preselected to join the initiative.
  • In the next couple of years, over 60 SMEs and startups will join the IMPACT Connected Car program and receive up to €60,000 equity free as well as expert mentoring and support
  • Top performing companies will have the opportunity to receive additional private funding of up to €200,000 from prominent venture capital funds

IMPACT Accelerator launches the first call of IMPACT Connected Car, a new program led by FundingBox and ISDI.

Over the next five years, the connected car is expected to disrupt the entire automotive ecosystem and the consumer market. 220 Million cars are expected to be connected by 2020, representing a €141 billion business opportunity.

With a fund of €2.1 million, IMPACT Connected Car will help SMEs (small to medium enterprises) and startups to capture this business opportunity. It will identify companies that will lead the creation of new value link-chains in the Connected Car OpenSpace, with vehicle, infrastructure and device interactions as well as consumer and business services.

IMPACT Connected Car has support from a wide range of partners

About IMPACT Accelerator

IMPACT Connected Car is funded by the European Commission, under the INNOSUP Initiative. It builds on the legacy and expertise of the IMPACT Accelerator, which invested over €7 million in 78 startups from 2014 to 2017. IMPACT has recently been named among the global top ten in Gust’s Global Accelerator Report, after evaluating 579 programs from five continents, and has been selected as the number two seed accelerator in the European Accelerator Report.

The current open call will be receiving applications from connected car startups and SMEs until January 10th, 2018. During this period numerous infodays will be organised across Europe, as well as online, in order to give applicants a deeper understanding of the program and the application process.

Benefits of IMPACT Connected Car

By March 2018, the best 13 companies will be selected to enter the 3-stage smartization program, upon the completion of which they will receive up to €60,000 equity free funding. Top performing startups will have the opportunity to receive additional private funding of up to €200,000 from participating venture capital funds.

As in other IMPACT programs, funding will go hand-in-hand with a high-performance training program in which renowned experts and international entrepreneurs will deliver practical classes across Connected Car Hubs and partners facilities. In addition, entrepreneurs will have access to an international network of more than one hundred recognized mentors, founders, and investors who are experts in different key areas of knowledge, both in the digital sector and in the automotive industry.

The selected companies will showcase at top international events organised over the course of the year by 4YFN and Mobile World Capital Barcelona. They will specifically benefit from the support and expert advice of industry leaders, namely Federation Internationale de l’Automobile, Ferrovial Servicios and PSA Peugeot Citröen, and that of leading clusters and research centres including PARP and the 5 connected car hubs: CTAG, Mov’eo, INSERO, LPNT and Autoklastr. Technical support and access to smart open source software will be facilitated via the FIWARE Foundation.

Pioneer Success Cases

To inspire companies in the industry, IMPACT Connected Car has preselected 4 pioneering connected car companies that are already making an impact on the emerging value chains in their respective sectors:

  • Argus (Israel) offers advanced cyber security systems to protect connected cars from hackers
  • Botcar (Spain) delivers high compatibility smart driving and monitoring solutions
  • Hevo (The Netherlands) has developed an innovative wireless charging experience for electric vehicles
  • Little (Spain) brings affordable small-sized zero-emission transport concepts to life
Little Electric Cars is the first provider of electric cars in Spain, and a pioneer success case in IMPACT Connected Car

Apply now

Interested SMEs and startups are invited to apply to enter the IMPACT Connected Car program here by January 10th, 2018.

IMPACT Connected Car has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 731343.

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IMPACT Growth announces the 14 startups selected for funding and acceleration in its first open call 1024 683 IMPACT Accelerator

IMPACT Growth announces the 14 startups selected for funding and acceleration in its first open call

IMPACT Growth announces the 14 startups selected for funding and acceleration in its first open call

  • Each of the selected startups will receive at least €100,000 in equity-free funding, alongside acceleration and mentoring services
  • More than 1,900 startups from 60 countries have participated in the first call for startups by the IMPACT Growth accelerator, offering a total of €3.6M in equity-free funding
  • The program will select another 14 startups during its second call, due to be launched on 5th September 2017

IMPACT Growth, the startup acceleration program led by FundingBox and ISDI and backed by leading accelerators, venture capital entities and global brands, has announced the names of 14 startups selected within its first open call. These startups will receive, in the first stage, a minimum funding of €100,000 equity-free.

GymCraft, FASHION CLOUD, Bookingabus.com, YerbaBuena VR and Clarity have been selected under the Smart Content vertical, which received 41% of the applications and is led by DOCOMO Digital. In the Smart Cities and Infrastructures category, supported by Ferrovial, the selected startups are XapiX, Stratio Automotive and Watcher. For the Smart Agrifood division, led by Danone, the chosen startups are FruitsApp, DelSuper.es, RezGuru and Farm Dog. Finally, Autonomous Manufacturing and INSYLO are the selected startups in Smart Manufacturing, partnered with MADE.

  • GymCraft (Spain) connects any fitness device to its virtual reality exercise game platform through PC or mobile, and lets the user dive into exciting 3D online worlds.
  • FASHION CLOUD (Germany) is the leading content exchange platform in the fashion industry.
  • Bookingabus.com (Denmark) provides dynamic pricing for bus transportation.
  • YerbaBuena VR (United States) delivers next generation real-time 360 live streaming distribution platform for Virtual Reality optimized for any available bandwidth.
  • Clarity (Spain) is a SaaS tool to understand social impact of investment portfolios.
  • XapiX (Germany) makes it easy for developers to engage with open data to prototype smart city solutions.
  • Stratio Automotive (Portugal) turns automotive maintenance into an exact science, making the unpredictable predictable.
  • Watcher (Denmark) is the digital hub for the connected family.
  • DelSuper.es (Spain) delivers grocery shopping in 1h.
  • Farm Dog (Israel) is keeping fields safe from pest and disease.
  • Autonomous Manufacturing (United Kingdom) develops an enterprise cloud platform that automates production for industrial 3D Printing using AI.
  • INSYLO (Spain) is an IoT Supply chain platform for the animal feed industry.
  • FruitsApp (Italy) is an intelligent B2B marketplace for fruit and veg companies.
  • RezGuru (Denmark) offers predictive analysis and dynamic pricing for restaurants to increase profits & reduce food wastage.

In addition to the initial funding of €100,000, two of the selected startups will each receive a further €150,000 equity-free. The best startups selected by IMPACT Growth will also be able to access private financing of €1.5 million led by Kibo Ventures and Accelerace.

The Jury Day, celebrated on 21st June in Madrid, was the pivotal moment of the startup selection process where 44 startups fought to enter the exclusive list of which 14 startups were selected for funding. A jury formed of renowned experts such as Sanyu Karani and Tomasz Mazuryk from FundingBox; Nacho de Pinedo and Rodrigo Miranda from ISDI; Peter Torstensen and Soren Lottrup from Accelerace; Aquilino Peña and Juan López from Kibo Ventures; Simona Torre from DOCOMO; Merete Norby from MADE, Pedro Jareño from Microsoft and Isabel María González from Danone, all of whom had the challenging task of selecting the best 14 out of a total of more than 1,900.

The selected startups will benefit from support by the FIWARE Foundation for the integration of this technology into the development of their projects. They will also participate in a training program featuring international experts and entrepreneurs in Madrid, Copenhagen and Barcelona, plus gain access to an international network of over 100 esteemed mentors, founders and investors. Finally, the startups will participate in a range of international events organised over the course of the year by 4YFN, the business platform for the growing community of technology startups at the global level supported by Mobile World Capital Barcelona (MWCapital).

The acceleration process, directed by ISDI and Accelerace, will officially launch during the second week of September, offering a week full of exclusive networking and training activities run by experts and innovation ecosystem leaders at ISDI’s headquarters in Madrid. This week will be the only part of the process whereby entrepreneurs are required to be onsite. The rest of the acceleration process will take place remotely, relying on a wide network of international mentors and participation at international events and missions.

*This article has been updated to reflect changes to the participating startups.

 

IMPACT Growth

IMPACT Growth is an initiative funded by the European Commission’s Horizon 2020 programme, with a total of €3.6 million for its initial phase. The second last call for startups, offering to fund and accelerate an additional 14 projects, will be launched on 5th September 2017.

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