Major new joint startup program announced
03 March 2015
Cisco, Deutsche Telekom and Intel announced Challenge Up!, an IoT accelerator for startups from EMEA region.
The program aims at helping innovative IoT startups go-to-market faster through joint projects, mentoring, high-value networking and corporate assets. Selected companies may also receive strategic investment and support commercialising their product or service for global markets.
The program unites resources and experience from the startup initiatives of the individual companies, including Cisco Entrepreneurs in Residence (Cisco EIR), Intel Business Challenge Europe and hub:raum powered by Deutsche Telekom. Interested startups can apply at www.challengeup.eu. The application period ends on May 25th.
Challenge Up! is designed for early-stage startups creating solutions for the Internet of Things/Everything (IoT/IoE) and related areas, including connected and smart solutions (smart home, smart city, smart energy, connected cars, wearables, Industry 4.0), information security, big data, analytics, connectivity and cloud computing.
Key elements of the program are Acceleration Week (to be held June 22-26, 2015), which will be sponsored by Cisco EIR, Intel Business Challenge Europe and hub:raum, and a tailor-made, 4-month incubation program (July to October) taking place in Krakow, Berlin and Vienna supported by Cisco, Deutsche Telekom and Intel. Startups selected for the program participate for free with no equity required and keep their own intellectual property.
“With an expected 50 billion things connected to the Internet by 2020, the Internet of Everything opens up great opportunities. To help better address these opportunities, Challenge Up! brings together the best of the technology world in an ecosystem of open innovation,” said Mike Flannagan, Vice President of Data & Analytics at Cisco.
Contact Details and Archive...