Startup Europe's IOT Accelerator
Jun 20-Dec 20 '16 (6 months)
We’ve all been committed start-up supporters for years. We truly believe that everyone deserves a chance to build a company on from the basic blocks of passion, skills, hard-work and instinct. But we also know that scaling up an initial idea to a market to build a long-term value- based company is where many entrepreneurs fail.
So when we saw an opportunity to come together and give our entrepreneurs access to a European market from day 1, we jumped at it. Our start-ups can access physical resources based in Cartagena (Spain), Dublin (Ireland), Vilnius (Lithuania) and Zoetermeer (The Netherlands). But more importantly, they can access venture capital and specialised mentors throughout Europe.
Our focus is on the Internet of Things. Why? Because the market potential for developing new products and services is huge: in 2020, IoT product and service suppliers are predicted to generate incremental revenue in excess of € 240 billion. Because we have the technological infrastructure that can help entrepreneurs to test their ideas in near market conditions. Because we can provide the technical and business training that is necessary to take the venture to the real world and help it grow.
Over the next 24 months we will support over 120 start-ups achieve second round funding and create a mentor network that can help them access the EU 500 million-strong customer base.
Funds80 startupsper year
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