A record-breaking number of 2,000 start-ups apply to the last open call of IMPACT Growth
The IMPACT Growth accelerator will select 14 start-ups from amongst the 2,000 participants
The programme, which offers 3.6 million euros equity-free funding, has received entries from 60 countries. Among IMPACT Growth’s four verticals, Smart Content and Smart Cities accounted for 71% of the applications
These selected start-ups 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 programme, is now calling for start-ups and SMEs that offer to disrupt the emerging market of connected vehicles
Milan, 14 December 2017 – IMPACT Growth, the start-up acceleration programme 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 start-ups. 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 60 countries, in the Americas, Africa, Asia and Europe. From amongst the participants IMPACT Growth will select a total of 14 start-ups to initiate an acceleration process headed by ISDI and Accelerace. These selected start-ups will join the 14 companies that were selected in the first open call and are currently being accelerated.
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 start-ups 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 start-ups selected in their verticals.
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 project, led by FundingBox, features two calls for applicants for the selection of a total of 28 start-ups, 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. The top start-ups funded by IMPACT Growth will be able to receive private investment of up to 1.5 million euros from the European venture capitals Kibo Ventures and Invesdor.
The start-ups will participate in a training programme 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 programme will go hand in hand with participation in the different international events organised by 4YFN, the business platform for the growing community of technology start-ups at the global level supported by Mobile World Capital Barcelona (MWCapital).
The upcoming edition of 4YFN at Mobile World Congress Barcelona (26-28 February 2018) will feature a selection of the start-ups accelerated by IMPACT Growth, introducing them to the local ecosystem and facilitating their access to investors, press and large corporations.
The start-ups will also benefit from support by the FIWAREFoundation 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.
IMPACT Growth is one of the two programmes of IMPACT Accelerator, which invested over €14 million in 77 start-ups 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 programme, is now calling for start-ups and SMEs that offer to disrupt the emerging market of connected vehicles. In 2018, IMPACT Accelerator plans to launch a new acceleration programme focused on start-ups disrupting the robotics market.
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 Centre in Madrid. A shortlist of selected start-ups will pitch in front of panel of experts that will judge these companies taking into account criteria such as scalability and international growth.