Impact Growth Accelerator

If you’ve got a product on the market and are looking for new worlds to conquer, check out this two-phase startup accelerator. It’s for startups using FIWARE technology in Smart AgriFood, Smart Cities, Smart Content, or Smart Manufacturing who want to establish in Europe. If you get selected you could receive up to $272,000 USD total in equity-free funding!

Applications for the most recent sessions have closed. Follow Lootstrap on Facebook for updates!

Award Amount

  • Phase I: Up to €100,000 (approx. $112,000 USD)
  • Phase II: Up to €150,000 (approx. $160,000 USD)

Length

  • 3 months

Additional Benefits

  • Week-long in-person bootcamp for face-to-face training and mentoring
  • Globalized online acceleration so startups don’t have to leave their home cities
  • Specialized training in digital entrepreneurship
  • Ongoing mentorship at a high level
  • Crowdfunding campaigns to support you in raising additional funds
  • Internationalization services
  • Partnership companies for the different verticals
  • An Investors Day where you will have direct contact with investors

Who Can Apply

  • Small or medium enterprises (SME) participating on their own, with:
    • Headcount less than 250 in Annual Work Units (AWU)
    • Annual turnover ≤ €50 million or annual balance sheet total ≤ €43 million
  • From an eligible country
  • Smart AgriFood vertical looks for startups that are/have:
    • Solving problems related to farming, agri-logistics and food awareness
    • Applications for traceability, logistics, and quality control in production/distribution
  • Smart Cities vertical looks for startups that are working towards:
    • Optimizing urban resource consumption and supply/demand management
  • Smart Content looks for startups operating in the
    • Mobile content sector as content provider and/or content distributor
    • Innovative products in electronic media, telecom, gaming, video, VR, etc.
  • Smart Manufacturing startups working to solve problems related to
    • Value chain organization using Cyber-Physical Systems with IoT and IoS

Selection Criteria

  • Phase I: Highly scalable technology startups in the growth phase that are/have:
    • Initial investment and a product already on the market
    • Established partnerships with corporate or strategic partners
    • Plans to scale globally and open in new territory in less than 6 months
    • Established in Europe or willing to open in Europe before entering the program
    • Product or service that uses FIWARE technology
    • Valuable social impact
  • Criteria for Phase II:
    • Team skills and founders dedication to the project
    • Traction in terms of users, profit, and sales
    • Scalability, growth potential, and knowledge of the potential market
    • TRL (Technology Readiness Level) of 8 or 9
    • Amount of investment received, founders own equity and sources of money
    • On round: looking for money and investment for scaling the business
    • Advanced stage of commitment with a corporate or equivalent strategic partner

Application Process

  • Written application through your free FundingBox account
  • Online video demonstrating your product
  • Upload a Technology Map (including FIWARE Technologies Use Plan)
  • 14 startups selected for Phase I
  • 2 best startups go on to Phase II

Conditions

  • Not participating in another acceleration program during the time for IMPACT Growth

Follow-Up Funding

Website

As always, this program takes ZERO equity!