If you’re starting a software company in the verticals clean tech, smart cities or agribusiness or launching a new product as an existing company than you might be interested in the EU subsidy program Speed UP! Europe.
The program provides a grant of €50.000 for established companies and startups alike interested in using EU funded FIWARE technology as the technological foundation of their (new) product.
In total 100 teams will accepted to the program. Teams that need to recruit an employee or additional team member in a later stage can apply for a supplementary €20,000.
Companies accepted to the program will be supported by ‘business support organizations’ in Hamburg, Stockholm, Amsterdam, Copenhagen, Aarhus and Brussels. Mentoring and coaching is provided for up to one year. The local partners in Amsterdam are Webclusive, University of Amsterdam (UvA) and Crowdfundinghub.
For a team just starting a company receiving €50.000 as a grant is quite interesting. The application of FIWARE technology is however an important condition. According to Tsvi Vinig, professor of entrepreneurship at the UvA, the technology enables teams to accelerate their product development process. “By using FIWARE technology you don’t have to build everything from scratch”, he says. “If your product idea requires a GPS positioning system you can use a ready-made FIWARE module instead of developing a new one yourself”, Vinig adds.
The program is restricted to the EU: team members must either work or be a resident in a country that is part of the 7th Framework Program. Your team should consist of three to five people.
If you’re interested in the Speed UP! Europe program you can visit the information session about the program organized on November 19th at the Beurs van Berlage in Amsterdam. You can get a free ticket here.
Photo by Pieter van Marion (creative commons via Flickr)