IMPACT Growth Smart AgriFood is the new project from IMPACT Accelerator, one of the top ten accelerator programs in the world.
In partnership with Danone, they are looking to select growth-stage startups working to solve problems related to farming, agri-logistics and food awareness, and striving to create new applications for traceability, logistics and quality control in production and distribution.
Danone is an international corporation focusing on four business lines: Fresh Dairy Products, Waters, Baby Nutrition and Medical Nutrition, to bring health through food to as many people as possible. Present in over 140 countries, Danone has expanded in strategic geographies. Danone will bring its experience and knowhow to help startups in the Smart AgriFood sector succeed.
Smart AgriFood startups work to solve the challenges of farming through technology breakthroughs related to smart farming, focusing on sensors and traceability; smart agri-logistics, focusing on real-time virtualisation, connectivity and logistics intelligence; and smart food awareness, focusing on transparency of data and knowledge representation.
The startups that are selected for the program will receive €100,000 equity free — up to €250,000 for the best projects — as well as training and mentoring and the option to receive private investment from one of our partner investors and VCs: Kibo Ventures, Accelerace, INVESDOR.
IMPACT Growth is a high performance and equity free acceleration program supported by Fundingbox, ISDI.education, Accelerace, Mobile World Capital Fiware Foundation, Kibo Ventures, Invesdor, Danone, Ferrovial, Docomo Digital, and MADE, among other big players. IMPACT Growth will invest €3.6 million euros equity free in 2017 and 2018.
The three-month acceleration program, led by ISDI and Accelerace, is de-localized, which means that startups can receive training, mentoring, and funding without having to move to another city or country. This means that startups don’t need to go through the hassle of establishing themselves in a foreign place, but can rather focus their efforts on expanding their business, attending the world’s top startup events, training camps, and networking events in Madrid, Copenhagen, London, Tel Aviv, and more.
The best startups will move on to a second phase of internationalization. The best projects will be awarded up to an additional €150,000 in equity free funding. Finally, the four top startups will have the opportunity to receive private funding of up to €1.5 million, led by Kibo Ventures.
Why should you apply to IMPACT Growth?
First of all, because you have the possibility of receiving up to 250,000€ in cash equity free! The companies that enter in the acceleration program will receive up to €100,000 € and the two best companies a prize of €150.000, so in total you can receive up to €250,000 in cash equity free. Furthermore the two best startups will have the possibility to receive up to €1.5 million of private investment, in funding rounds lead by our VCs (Kibo Ventrures and Accelerace).
IMPACT Growth is looking for startups in the growth stage. The ideal startup:
- has a product already on the market
- already has initial investment
- has established partnerships with corporates or strategic partners
- is looking to open in new territories in the short term
- is looking for investment to grow the business
- is established in Europe or willing to open in Europe before entering the program
Applications for IMPACT Growth are due May 9, 2017.