Yesterday, during the Mobile World Congress, Cisco, Deutsche Telekom and Intel announced the start of the Challenge Up! – Accelerator for startups based on the idea of the Internet of Things operating in Europe, Middle East and Africa.
To Challenge Up! is to support innovative companies dealing with issues of IoT in faster commercialization of their ideas. Help you have in this joint projects, mentoring, networking, and high-quality access to the resources of three global corporations. Startups that get into the program, they can also count on investment and support in getting a product or service in the world markets.
The joint initiative combines the resources and experience in the area of initiatives startupowych three companies, including Cisco Entrepreneurs in Residence Business Challenge Europe and hub: raum powered by Deutsche Telekom. Interested startups can apply to the program through the site www.challengeup.eu. The deadline for applications is 25 May
When starting Challenge Up! combined resources and know-how of three companies, so we can offer new opportunities startupom. We want to use our experience to the Challenge Up! and the whole community – Elias said Drakopoulos, the vice president for Europe B2B division of Deutsche Telekom.
The Challenge Up! is is designed for startups at an early stage of development that are working on projects in the field of Internet of Things and related, such as intelligent (smart home, smart city, smart energy, smart cars, wearables technologies, the concept of Industry 4.0), safety Information, Big Data, analytics, communications and cloud computing.
The most important parts of the elements of the program will be Acceleration Week, which will take place from 22-26 June 2015. and tailored to the individual needs of startups, 4-month-old incubation program (July – October 2015.), which will take place in three cities: Krakow, Berlin and Vienna. Selected for the program startups do not bear the costs associated with participation in the Challenge Up !, is also not require any equity, and participants retain the rights to their intellectual property.
We look forward to creative ideas for new products and services that the future will improve the quality of life and work. Giving young companies access to the resources of three global companies we can help them in a real way – Reforging their ideas into commercial success – says Christian Morales, vice president and general manager for Europe, Middle East and Africa at Intel.
According to the forecasts in 2020, the network will be 50 billion connected devices, which means that the idea of the Internet of Things opens up unlimited possibilities. To better utilize them, Challenge Up! It combines the best in the world of technology and open innovation ecosystem – said Mike Flannagan, vice president of Data and Analytics Business Group at Cisco.
Source: Press Release
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