Fundación Repsol’s business accelerator, the Entrepreneurs Fund, will be looking for innovative startups in the energy and advanced mobility sector between 30 January and 12 March. The chosen projects will receive up to 144 000 euros in funding, in addition to training, counselling from a team of mentors, and access to possible investors.
Proposals are separated into two categories:
- Projects: more mature startups that have not yet reached the commercial phase.
- Ideas: startups working on their technology or business model.
The selected proposals will receive funding, along with specialised training, counselling from a team of mentors, and access to possible investors. Being selected does not imply any transfer of shareholding or intellectual property to Fundación Repsol.
The acceleration process lasts one year, and projects can be extended for a second year.
The Entrepreneurs Fund offers up to 144 000 euros per year for each project’s business development. Ideas are provided with 2000 euros per month over a 12-month period.
This initiative supports the talent of entrepreneurs by helping their projects reach the market as quickly as possible.
Eligibility Criteria
The call is intended for small and medium-sized businesses, but participation is also open to people who have not yet formed a business.
The Entrepreneurs Fund is a global initiative open to entrepreneurs from all over the world, since it is not necessary to travel to a particular workplace on a continuous basis.
Focusing on the energy sector, Fundación Repsol’s accelerator supports startups that work on innovative solutions in different areas:
- Digitalisation and mobility, with innovative proposals that bring value to people.
- New materials for the energy and chemicals industry, construction, the home, or transportation.
- The circular economy.
- Improving energy efficiency and/or operational processes in the energy and chemicals industry.
How to apply
Applications can be submitted at fundacionrepsol.com
DEADLINE: 12 March 2018