New “Smart Transportation & Energy” accelerator revs up for Berlin and upcoming San Francisco launch
First program of its kind to launch across two booming ecosystems on two continents supported by global partners including Bosch, Castrol innoVentures, Cisco, Daimler, EnBW and HERE.
Startupbootcamp, Europe’s largest accelerator has today announced the launch of a new cross-continental program connecting Berlin and San Francisco around the theme of Smart Transportation & Energy – The Connected and Efficient Mobility of People and Goods.
Startupbootcamp Smart Transportation & Energy, a first-of-its-kind program, will see the existing successful Berlin program pivot to the new vertical theme. A new program is being built in the US aiming to launch in early 2015. Both will accelerate startups working in the areas of Smart Mobility and Vehicles, Logistics and Supply, Location-Based Services, Sustainable Energy and Data Services, amongst others (for a full list see below).
Each program will select the ten best startups from thousands of applicants across the globe and run a three-month Startupbootcamp in Berlin (Fall) and San Francisco (Spring).
As with all Startupbootcamp programs, ten successful startups in each location will benefit from extensive mentorship from 100+ entrepreneurs, investors, and corporate partners. Startupbootcamp Smart Transportation and Energy has already brought key partners on board the program, including HERE, the global maps and location intelligence business of Nokia; electric utilities company EnBW; multinational automotive corporation Daimler; leading network provider Cisco Systems; Castrol’s innoVentures, Castrol’s innovation arm, and leading global supplier of technology and services Bosch.
Each successful team will also receive €15,000 (over $20,600) and six months free office space in either Berlin’s Rainmaking Loft, a 1,000sqm coworking space in the heart of the European startup capital, or in the future San Francisco home of Startupbootcamp. In total, the perks and special offers are worth over €400K ($550,000).
The Startupbootcamp Smart Transportation & Energy team is led by Startupbootcamp co-founder Alex Farcet, who will be supporting both programs. Farcet ran the initial Startupbootcamp program in Copenhagen and relocated to Berlin in 2012.
He said: “Smart Transportation & Energy is attracting some of the most innovative concepts and brilliant minds in the startup world right now. Projects like Hyperloop and Amazon drones, and progress in connected vehicles and augmented reality are sparking founder imagination and attracting investor attention. We felt the time was ripe to focus on this booming vertical.
“By launching in both Berlin and San Francisco we can harness the power of our knowledge and networks across two continents.”
Claus Schmidt, Managing Director of Robert Bosch Venture Capital GmbH, added: “As one of the leading automotive suppliers, Bosch engages heavily in the field of cutting-edge mobility solutions. The future will be about smart and efficient modes of transportation based on ubiquitous connectivity and therefore we look forward to cooperating with innovative entrepreneurs in this field.”
Jonathan Tudor, Castrol innoVentures Venture Director, said: “The accelerators that Startupbootcamp put together are a significant part of the venture ecosystem – smart transportation is an important topic for us, so we are excited to see it get up and running.”
Bernd Heinrichs, IoE Sales Lead for Cisco EMEAR and Head of Center of Innovation Berlin, added: “For Cisco, Startupbootcamp is a great vehicle to drive external innovation together with key industrial players and the brightest minds in the startup world. The combination of Smart Transportation and Energy offers huge potential to support potential customers with solutions that provide a way to grab the value at stake in these industries.”
Uli Huener, Head of Innovations at EnBW, said: “The energy world is changing, both loudly and radically. Within the industry there is an innovation battle raging. As a founding member, EnBW is looking for smart startups that want to achieve something in business. The potential for good innovations in the energy industry is greater than ever before.”
Christoph Erbenich, Senior Vice President Marketing, HERE, said: “To address the increasing importance of location as an innovation driver across many industries we are excited to partner with Startupbootcamp and to help bring new and enthralling ideas in the area of smart transportation and energy to life.”
Any startup interested can apply for Startupbootcamp Smart Transportation & Energy here.
Successful startups on the Startupbootcamp Smart Transportation program will receive:
· Extensive mentorship from 100+ entrepreneurs, investors, and partners
· Access to top ecosystems in Berlin and San Francisco
· Six months free office space
· € 15K in cash per team
· €400K+ in partner services
· Exposure to 200+ Angels & VCs
· Invitation to SBC global Alumni Network
Smart mobility solutions & services
Smart & connected vehicles: individual, shared or public, autonomous/robotics
Smart logistics & supply: multimodal transportation enablers & services, robots & drones, efficient city logistics/e-mobility, hyperloop
Smart energy: decentral generation & supply, storage, renewables, charging
Monitoring & Management: traffic management, supply chain management, energy management, emergency management
Smart Signalling & Sensing: sensors, tracking & tracing, mapping
Location based services
Data collection & analytics as related to the above
Data processing & operations as related to the above
Data transmission & security as related to the above
Energy efficiency & costs as related to the entire scope
Some Startupbootcamp stats:
• 70%+ of teams get following funding
• Seed investments have ranged from €50k to €1M following the program
• Average post-money valuation of €2M (and rising)
For more information:
For media enquiries, interview requests, etc
Founded in 2010, Startupbootcamp is Europe’s leading startup accelerator with a mentor and alumni network from 30+ countries across the globe. The program offers startups access to world-class industry expertise during an intensive three-month program. At the end of the program, startups pitch at Demo Day to more than 150 investors. Programs are currently active in Amsterdam, Berlin, Copenhagen, Eindhoven, Tel Aviv and Haifa (Israel), London and Istanbul, with other cities and vertical programs to be announced soon.