IMPACT, a mobile Internet project accelerator, (Mobile Internet, Projects Accelerator), has launched.
It will select and accelerate startups associated with mobile Internet which can adopt these European digital technologies (FI-Ware y FI-Content).
The accelerator looks for entrepreneurs or startups that develop mobile apps or business models based on mobility in the communications areas, social, video, media & advertising; design, education, entertainment, ecommerce, peripheral devices, content, connected TV, infrastructure, security, productivity, finance, smart cities and social networks, among others.
IMPACT looks for two profiles of project to accelerate:
Start-up Phase: Projects with a working prototype available, valued at less than €1m and at least two founders working full time for the startup. Target market launch date is less than six months.
Growth Phase: Companies already present in the market for less than seven years with turnover below €2m, where the founders still own 51% of Shareholders’ Equity, and provide indicators proving an exponential growth potential. The target is its globalization or the consolidation of a change of business focus.
The accelerator will call and select European startups focused on mobile Internet. It will subsidize at least 64 startups up to €100k financing for each one without equity consideration, investing a total of €6.4m in 2 years. The cash will be disbursed in 3 installments throughout 6 months subject to the compliance of business milestones set specifically to each startup. Selected companies will start a 6-month program consisting of mentoring and training.