Mercedes-Benz Vans Startup adVANce
Born to grow.
Sep 16 '16-Nov 30 '18 (26 months)
About Mercedes-Benz Vans Startup ...
You have an idea to revolutionize the transport business? You want to gain from a long-term partnership with an OEM and stay independent at the same time? Startup adVANce by Mercedes-Benz Vans offers You have an idea to revolutionize the transport business? You want to gain from a long-term partnership with an OEM and stay independent at the same time? Startup adVANce by Mercedes-Benz Vans offers you exactly what you are looking for.
* Three Tracks: (1) Revolutionizing Cargo Space, (2) Internet of Things, (3) Transport Sharing Solutions
* Three Phases: (1) Alignment Phase, (2) Concept Phase, (3) Prototype Phase
* Total sum of awarded grants € 1 million
* Exclusive Partnership with Mercedes-Benz Vans
* Overall Goal: Long-term partnership
The main benefits for the participating startups are:
- Gaining a cooperation contract with Daimler AG;
- Development of prototypes in cooperation with Daimler AG;
- Financial support of up to € 500,000 (net) per selected startup for the development and production of prototypes without having to give up any shares in return;
- Insights into the future of last mile transportation; and
- Shared rights in and to the work results developed during the challenge.
Further potential benefits beyond the Startup adVANce Challenge:
- Long-term partnership;
- Strategic investments besides the grant, if the startup is interested and the startup fits to Mercedes-Benz Vans’ strategic focus;
- In-depth co-development and access to exclusive Mercedes-Benz Vans resources and competences; and
- Support in marketing and distributing the startup’s product, in case of joint commercialization.
Four potential cooperation models on the long-run:
- Mercedes-Benz Vans may become a customer of your startup;
- Mercedes-Benz Vans may retain your startup for R&D projects or any other commissioning;
- Mercedes-Benz Vans may become a strategic partner and invest in your startup with taking shares; and
- Mercedes-Benz Vans may offer the shareholders of your startup an exit and acquire your startup.