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Impact Connected Car launches its first open call with €2.1 million equity free

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Barcelona, Spain, October 09, 2017-
IMPACT Accelerator launches the first call of IMPACT Connected Car, a new
program led by FundingBox and ISDI.

Over the next five years, the
connected car is expected to disrupt the entire automotive ecosystem and the
consumer market. 220 Million cars are expected to be connected by 2020, representing
a €141 Billion business opportunity.

With a fund of €2.1 million, IMPACT
Connected Car will help SMEs (small to medium enterprises) and startups to
capture this business opportunity. It will identify companies that will lead
the creation of new value link-chains in the Connected Car OpenSpace, with
vehicle, infrastructure and device interactions as well as consumer and
business services.

IMPACT Connected Car is funded by the
European Commission, under the INNOSUP Initiative. It builds on the legacy and
expertise of the IMPACT Accelerator, which invested over €7 million in 78
startups from 2014 to 2017. IMPACT has recently been named among the global top
ten in Gust’s Global Accelerator Report, after evaluating 579 programs from
five continents, and has been selected as the number two seed accelerator in
the European Accelerator Report.





The current open call will be
receiving applications from connected car startups and SMEs until January 10th,
2018. During this period numerous info days will be organised across Europe, as
well as online, in order to give applicants a deeper understanding of the
programme and the application process.

By March 2018, the best 13 companies
will be selected to enter the 3-stage smartization programme, upon the
completion of which they will receive up to €60,000 equity free funding. Top
performing startups will have the opportunity to receive additional private
funding of up to €200,000 from participating venture capital funds.

As in other IMPACT programmes, funding
will go hand-in-hand with a high-performance training programme in which
renowned experts and international entrepreneurs will deliver practical classes
across Connected Car Hubs and partners facilities. In addition, entrepreneurs
will have access to an international network of more than one hundred
recognized mentors, founders, and investors who are experts in different key
areas of knowledge, both in the digital sector and in the automotive industry.
The selected companies will showcase
at top international events organised over the course of the year by 4YFN and
Mobile World Capital Barcelona. They will specifically benefit from the support
and expert advice of industry leaders, namely Federation Internationale de
l’Automobile, Ferrovial Servicios and PSA Peugeot Citröen, and that of leading
clusters and research centres including PARP and the 5 connected car hubs:
CTAG, Mov’eo, INSERO, LPNT and Autoklastr. Technical support and access to
smart open source software will be facilitated via the FIWARE Foundation.

To inspire companies in the industry,
IMPACT Connected Car has preselected 4 pioneering connected car companies that
are already making an impact on the emerging value chains in their respective
sectors:

• Argus (Israel) offers advanced cyber
security systems to protect connected cars from hackers
• Botcar (Spain) delivers high
compatibility smart driving and monitoring solutions
• Hevo (The Netherlands) has developed
an innovative wireless charging experience for electric vehicles
• Little (Spain) brings affordable
small-sized zero-emission transport concepts to life
Interested SMEs and startups are
invited to apply to enter the IMPACT Connected Car programme here by January
10th, 2018.

TECHXLR8 Asia