|7 March 2017|
A new accelerator programme – Impact Growth – will provide super start-ups with €3.6 million.
It was launched at 4YFN Barcelona by European accelerator IMPACT during last week’s Mobile World Congress in Barcelona. Focused on four verticals, the initiative is aimed at startups from all over the world in the growth phase, with products that are already in the market. The four verticals are: Smart Infrastructure & Cities, Smart Content, Smart Manufacturing, and Smart AgriFood.
The programme is being led by ISDI and Accelerace. The ultimate aim is to identify four European super startups. In the first instance though, IMPACT Growth will finance 28 startups with €100,000, equity free.
The funding will go hand in hand with a high-performance startup training program in which renowned experts and international entrepreneurs will deliver practical classes in Madrid, Copenhagen, and Barcelona.
Following the acceleration phase, two startups selected from the batch of 28 will also receive an additional €150,000 equity free, and the best four will have the opportunity to get up to €1.5 million in private investment from Kibo Ventures and Accelerace .
Sebastián Muller, Acceleration Director at IMPACT, said: “Based on the same quality model that has made us a reference for European accelerators, we want to look for the four startups with the greatest potential in Europe, to turn them into true global companies, energizing the sectors that will change the most in our society in the next years.”
The programme is being funded by the European Commission and framed within the FIWARE ecosystem, built around the open source platform that is becoming the platform of choice for development of smart solutions worldwide.
IMPACT Growth is accepting applications on its website until 9 May 2017.