Exclusive: Startupbootcamp in Barcelona
Internet of Things has been a buzz word for the last two years and MediaTek labs and Startupbootcamp Barcelona - IoT & Smart Data has come up with a way to help new designers successful.
Ever since we read a bit about the Startupbootcamp we wanted to get together with them and MediaTek labs to learn about the new cooperation and managed to interview two senior executives from both.
MediaTeK's Corporate Marketing - Developer Programmes Mimmis Cleeren the Director and Angel Garcia Co-founder and CEO of Startupbootcamp Barcelona - IoT & Smart Data told us that they are getting backing from companies like Google, Amazon, Paypal, Ajuntament de Barcelona, Mobile World Capital, Claro Partners, Cisco, Aqualogy, Lanta, Rousaud Costas Duran, Intel and Samsung.
Angel explained us that Startupbootcamp Barcelona - IoT & Smart Data is focuses on the IoT and Smart Data. The company is a global start up accelerator with a focus on IoT and Smart Data.
Offices in London, Berlin, Amsterdam and Singapore are focusing on different industry trends. The London office is a start up growth accelerator for financial market.
Startupbootcamp partners
There are 29 more days to apply for the Startupbootcamp Barcelona - IoT & Smart Data program. The grown accelerator aims to pick 20 best teams that will compete for a title that can lead to funding and financing. Last year, some 300 applicants applied and 10 were selected to the next round.
The application close date is October 16. The 20 companies who will make it to the final round will be selected between November 8 -10. The programme begins on the December 1.
Startupbootcamp Barcelona - IoT & Smart Data offers Coaching, workshops, masterclasses and one-to-one in depth sessions from some of the world's leading start up and business coaches. There is also mentorship from 100+ entrepreneurs, advisors, investors and partners.
The programme offers €15K in cash per team, €450K+ in partner services and contacts with Angels and Ventura capital. They will try to teach the new companies about how to create a successful business model, access investors, mentors and help them to innovate and grow to a serious business.
This is a more serious version of Kickstarter as people at Startupbootcamp know the right people who are willing to invest the money in successful businesses.
After three months in the acceleration programme, the final demo will take place at the Mobile World Congress February 25. Ten out of 20 selected will make it to the finals.
Angel Garcia Co-founder and CEO of Startupbootcamp Barcelona - IoT & Smart Data
The cash will come. Investors will invest. We tech them [IoT companies] how to grow. We can help them not to make mistakes. We have three months to teach them what we think it is important. If they don't do the right thing, they will run out of money or time.
This comes from the mounth of a bloke that use to be a Chief Financial Officer at Fracturs – a company that designs, develops, and manufactures antennas using fractal antenna technology. The company was founded in 1999 and has earned $100 million in royalties from top worldwide mobile phone manufacturers. This is something that Angel hopes to find with the latest accelerator program.
Mimmis Cleeren the Director, Corporate Marketing - Developer Programs at MediaTeK was very clear:
"MediaTek labs believe that developers are major source of innovation.
MediaTek labs cooperated with biggest accelerator will help reaching out the new aspects of the developers system and allow MediaTek labs to contribute to IoT and data market. It is not just software, not just hardware, not just services; they (maker) need to put things together.
The company hopes to identify companies for newly founded MediaTek ventures. MediaTek ventures will look at all contenders with good ideas and opportunities and start ups who make it to the finals.
The team of MediaTek ventures experts in developer relations will try to identify good opportunities that need some additional support and help. All to fund the next big thing.
Both companies agree that it is difficult to be a pioneer. Corporations like Google, MediaTek, Cisco, Samsung or Intel are closer to the market and they can teach the young start-up companies about potential directions and market trends.
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