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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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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 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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