Milan, 23 July 2014 - A new startups accelerator is born. The European Consortium made up by ISDI, b-ventures, the startup accelerator of Buongiorno, Seaya Ventures, Teknologiudviking ApS, and a network of entrepreneurs and well-know professionals of the digital European ecosystem is launching IMPACT which, as of today, is starting (Mobile Internet, Projects Accelerator), its activity as mobile Internet project accelerator with the ambitous aim to finance and accelerate 64 European startups in the coming two years. IMPACT is endowed with €6.4M to invest in start-ups wherein these funds, which amount to an average of €100k per project, will be non-recoverable without equity consideration.
IMPACT is one of the 16 consortiums chosen by the European Commission within the framework of Seventh Program Framework. IMPACT top scored among the 92 projects submitted, of which only 16 accelerators were chosen for the implementation of the FI-PPP initiative (Future Internet Public-Private-Parttnerhip). FI-PPP will provide the selected start-ups with the base technology with the purpose of creating an open environment wherein EU SMEs can take advantage of. The aim of IMPACT is to select and accelerate start-ups associated with mobile Internet which can adopt these European digital technologies (FI-Ware and FI-Content). The accelerator looks for entrepreneurs or start-ups projects that develop mobile apps or business models based on mobility in the communications areas, social, video, media & advertising; design, education, entertainment, e-commerce, peripheral devices, content, connected TV, infrastructure, security, productivity, finance, smart cities and social networks, among others.
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