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FAQ: IMPACT Connected Car’s six challenges 1024 536 IMPACT Accelerator

FAQ: IMPACT Connected Car’s six challenges

What are the six IMPACT Connected Car challenges?

from the IMPACT Connected Car FAQ

  • IMPACT Connected Car is currently looking for innovative mobility startups and SMEs focused on six verticals, or challenges. The verticals are broad enough to admit a wide range of projects while narrowing the scope and specialization of the program.
  • To learn more about the six verticals and which one your startup fits into, read on. Further information about IMPACT Connected Car on the official FAQ. Apply before October 18th, 2018 at 17h CET on the website

You’ve probably heard of IMPACT Connected Car, the mobility & automotive vertical of IMPACT Accelerator. You might even be in the process of applying to the open call right now. If so, you may have encountered the question about what challenge your startup fits into. In Connected Car, we use the word “challenge” to refer to vertical or focus. There are six main challenges in the program.

The six challenges are:

  1. Safety and security
  2. Driver assistance
  3. Well-being
  4. Mobility management
  5. Vehicle management
  6. Infotainment

Let’s dive in and take a deeper look at what each one of these challenges entails and what projects we might see applying in each category.

Before we go any further, however, please note that projects are not limited to the categories detailed here. What’s most important is that applicants show how their startup or project will directly impact the connected car space.

1. Safety and security

The challenge of safety and security is to develop functions that warn the driver of external hazards and to create internal responses to those hazards.

Features that are included in this challenge include: collision avoidance (blind spot monitoring), intersection pilot, lane assistant, autonomous braking, traffic sign violation warning, hazards warning, emergency calling (eCall), protection of vulnerable road users, cybersecurity, stolen vehicle tracking and recovery, roadside assistance, measurement of pavement conditions, and cybersecurity dedicated to blockchain.

This is not a comprehensive list! However, projects that apply under this challenge must demonstrate their impact (no pun intended) on the connected car space. Some examples of expected applying projects include:

  • services to inform drivers about the state of the roads and other external
    environmental hazards,
  • projects related to the protection of software in the vehicle, to prevent cyberattacks,
  • projects related to the protection of the vehicle occupant’s data,
  • services (C-ITS applications) to connect cars with VRUs and warn of danger.

2. Driver assistance

The challenge driver assistance focuses on partially or fully automatic driving. Up to 90% of all traffic accidents are caused by human error. Thus, automating driving in part or in full will greatly reduce the number of accidents and increase safety on the road. Projects applicable for this challenge might include operational assistance or autopilot in heavy traffic, in parking or on highways; 3D cloud-based navigation; cruise control; self-driving; speed or distance advice; or artificial intelligence (AI) for autonomous driving.

Example startups that fit in this challenge might be working on:

  • projects related to cooperative adaptive cruise control or autonomous cruise control,
  • services (C-ITS applications) related to control self-driving, speed, and distance.

3. Well-being

Well-being is focused on identifying functions that relate to the driver’s comfort, ability, and fitness to drive. This might include fatigue detection, alco-lock, seat adjustment, services or funcions to assist elderly drivers, driver distraction alert, or driver health monitoring.

Projects that might fit in this challenge include:

  • startups with innovation solutions to prevent accidents resulting from driver fatigue, driver distraction, or driver health problems,
  • services that provide the elderly with access to connected cars,
  • monitoring services to track drivers’ abilitites and behaviors.

4. Mobility management

The challenge related to mobility management is all about making sure drivers reach their destinations quickly, safely, and in a cost-efficient manner. Mobility management covers current traffic info (floating car data/ITS), maps/street view, journey planning, parking lot or garage assistance, electric vehicle services (including charging slots, locating charging stations, prices), estimating battery and driving range, home charging, optimised fuel consumption, hazardous climatic conditions warnings and driving tips.

You might fit into this challenge if your startup is working on improving journeys with something like the following:

  • integrating the car into the journey context, helping ensure the journey is relaxing, planning the journey, and so on,
  • making journeys with electric vehicles more pleasant by shortening travel time, reducing consumption, or finding charging stations,
  • journey planning, taking into account possible climatic hazards and offering advice on driving in unusual conditions such as black ice, animals on the road, and so on.

5. Vehicle management

Startups in the challenge of vehicle management seek to aid the driver or car owner in reducing operating costs and improving ease of use. This includes vehicle conditions and service reminders, remote operation, transfer of usage data, driver performance analytics, electronic tolling and road usage, car sharing, vehicle-to-grid capabilities, customer profiling, load identification and characterization, vehicle communication (V2X), or artificial intelligence.

You might be right for this challenge if your startup is focused on:

  • intelligent route payment,
  • improving customer experience in the car,
  • new services based on customer profiles,
  • projects related to load control on the road to avoid accidents,
  • sevices to connect the vehicle to any other device, car or infrastructure.

6. Infotainment

Startups in the infotainment challenge, as might be guessed from the name, look to entertain driver and passengers. Topics included in this challenge may be related to the smartphone interface, Internet services & hot spots, social media & networking, personal info management, the mobile office, ads & points of interest, or easy booking at hotels and restaurants.

Your startup might belong in this challenge if you are working on something like:

  • projects related to implementing and optimizing the mobile office,
  • entertainment services for driver and passengers in self-driving cars.

Behind the curtain

IMPACT Connected Car is supported by the collaboration of 13 partners from across Europe:  ISDI, FundingBox, CTAG, INSERO, Mov’eo, Autoklastr, LPNT, Mobile World Capital Barcelona, PARP, Ferrovial Servicios, Groupe PSA, Federation Internationale de l’Automobile and FIWARE Foundation. IMPACT Connected Car is funded by the Horizon 2020 Framework Programme for the European Union under grant agreement no. 731343.

To learn more about the six verticals and which one your startup fits into, visit the official FAQ.

IMPACT Connected Car is currently seeking disruptive mobility solutions. Apply on the website before October 18th, 2018 at 17h CET.

 

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IMPACT Connected Car’s first open call closes after receiving more than 500 applications 1024 535 IMPACT Accelerator

IMPACT Connected Car’s first open call closes after receiving more than 500 applications

Europe opts for the development of connected vehicles, and startups rise to the challenge.

  • IMPACT Connected Car, an acceleration program funded by the European Commission, closes its first call with over 500 applications coming from 41 countries.
  • Spain, Poland, Italy and France led the numbers of startups and SMEs applying to this first call.
  • At the forefront of the applications are the domains of vehicle electric chargers, cyber security measures against hackers, intelligent driving and zero emission transportation.
  • In the next couple of years, over 60 SMEs and startups will join the IMPACT Connected Car program and receive up to €60,000 equity free funding, as well as expert mentoring and support.

IMPACT Connected Car wraps up its first call for applicants with the participation of over 500 startups and SMEs coming from 41 countries, amongst which Spain, Poland, Italy and France are the most represented. The program, funded within the framework of INNOSUP, part of the European Commission’s Horizon 2020, aims to respond to societal and industrial needs in the landscape of the connected car.

The European Commission has opted to fund this venture due to the increased importance of new mobility solutions. As autonomous vehicles and connected cars move from science fiction to reality, Europe is placing priority on finding ways to tackle the arising opportunities and challenges posed by these technologies.

IMPACT Connected Car supports, connects and funds companies with innovative projects in the fields of wireless chargers, cyber security measures against hackers, smart mobility and zero emission transportation. Not only are these developments important for the continued safety and welfare of citizens and infrastructure, but this market is expected to represent a €141 billion business opportunity by 2020.

The acceleration process

The selected startups will enter a three-stage smartization program, including business coaching led by ISDI, and will receive up to €60,000 in equity free funding. Top performing startups will have the opportunity to obtain additional private funds of up to €200,000 from participating venture capital funds.

As in other IMPACT programs, the entrepreneurs will have access to an international network of more than a hundred recognised mentors, such as Ken Stewart, CEO of Karma Automotive, and Carintia Martinez, Director of Information Systems at Renault, as well as founders and investors who are experts in different key areas of knowledge, both in the digital sector and in the automotive industry.

The selected companies will be showcased at top international events organised over the course of the year by 4YFN and Mobile World Capital Barcelona.

The project

With a fund of €2.1 million, IMPACT Connected Car will help boost SMEs and startups dedicated to innovating and developing smart mobility solutions. The program provides a direct link between entrepreneurs and large corporations, and addresses the fragmentation in the automobile industry, which until now has hindered its digital transformation.

IMPACT Connected Car capitalizes on the potential of five of the leading automobile clusters in Europe that facilitate the validation and the market introduction of disruptive innovations in smart driving and urban mobility.

To further inspire companies in the industry to drive forward such innovative projects, IMPACT Connected Car has preselected three pioneering connected car companies that are already making an impact on the emerging value chains in their respective sectors:

  • Botcar (Spain) allows for traditional cars to be adapted and converted into connected cars
  • Hevo (The Netherlands) has developed an innovative wireless charging experience for electric vehicles
  • Little (Spain) the first Spanish SME manufacturer of all-electric cars
IMPACT Connected Car is able to reach new heights thanks to its stellar team of consortium members.

The consortium

In addition to the above-mentioned companies, IMPACT Connected Car is supported by the collaboration of 13 partners from across Europe:  FundingBox, CTAG, INSERO, Mov’eo, Autoklastr, LPNT, Mobile World Capital Barcelona, ISDI, PARP, Ferrovial Servicios, Groupe PSA, Federation Internationale de l’Automobile and FIWARE Foundation. IMPACT Connected Car is funded by the Horizon 2020 Framework Programme for the European Union under grant agreement no. 731343.

The next IMPACT Connected Car call for startups and SMEs is expected to open in the spring of 2018.

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A look back at the first IMPACT Growth Welcome Week 1024 484 IMPACT Accelerator

A look back at the first IMPACT Growth Welcome Week

In September, fourteen of the best startups in Europe began their IMPACT Growth journey.

It all kicked off in Madrid with Welcome Week.

You might have heard about the equity-free funding IMPACT Accelerator gives startups. While this is the first benefit that many hopeful applicants notice, the truth is that IMPACT offers so much more.

In our program IMPACT Growth, this funding goes hand-in-hand with an intensive, three-month acceleration program. Acceleration at IMPACT is designed to give participating startups an overall boost, while also drilling down on the challenges specific to each business. We help startups grow exponentially.

Startups work hard but it's not all serious at IMPACT Growth Welcome Week.

IMPACT’s acceleration is unique in that it is de-localized. Startups can take part from their home city through our in-house acceleration management software, AcceleraTHOR. No need to uproot their companies and move to an unfamiliar place for months on end.

However, community is important to us. We work with startups remotely, but we want to know who’s on the other end of the call. That’s why IMPACT Growth’s first batch of acceleration kicked off in September 2017 with Welcome Week, a rigorous six-day event that brought together renowned companies; business and technology experts from all over the world including Denmark, USA, Argentina, Israel, France, and Spain; and, of course, members of the startups from around the European continent and beyond.

Welcome Week took place in the newly renovated space at ISDI Madrid, which opened exclusively for the event.

Networking was also a key part of IMPACT Growth's Welcome Week.

IMPACT Growth’s partners were all present, including:

  • ISDI, the first native digital business school;
  • Accelerace, one of the top investors and accelerators from Northern Europe;
  • FundingBox, the platform for startups and SMEs to join tech-related communities and win public funding;
  • 4YFN, the startup business platform of Mobile World Capital Barcelona that connects startups, investors and corporations;
  • the FIWARE Foundation, offering open source technology for smart solutions;
  • Kibo Ventures, one of Spain’s leading VC firms;
  • Invesdor, the go-to for equity crowdfunding in the EEA;
  • and our four corporate partners: MADE, DanoneDOCOMO Digital, and Ferrovial Servicios.
Aquilino Peña, founder of Kibo Ventures, introduces his firm and its role as part of the IMPACT Growth consortium.

Welcome Week was designed to inspire, connect ecosystems, and foster hands-on learning. The week was divided into two parts.

  1. Welcome Day. The first day of the program was a high-powered introduction to IMPACT Growth which included networking, startup-mentor matching, and an internationally-renowned keynote speaker.
  2. Training Camp. The following five days made up the Training Camp portion of the event, a week of learning and growth which was carefully designed by ISDI and Accelerace to push the selected startups to their highest level of performance.

Welcome Day

Welcome Day brought together startups, mentors, IMPACT Growth partners, reprentatives from global brands, and experts from around the world. Startups got to meet each other and were introduced to the program: what to expect from the upcoming several months and what would be expected from them.

Additionally, startups had one-to-one meetings with the IMPACT team in order to establish a good line of communication and to fully understand startups’ business objectives and strategic fields of action fundamental to their development and growth. At IMPACT, we do everything we can to support our startups, whether that be putting them in touch with strategic people or offering additional support in overcoming a particularly tough problem.

Nacho de Pinedo, CEO of ISDI, pushed the startups to explore their why - what keeps them motivated.

During the stand-up lunch, startup members had the opportunity to network with each other, as well as with mentors and members of the IMPACT consortium. In the afternoon, startups had one-to-one sessions with members of the different corporates involved in the program: Danone, MADE, Ferrovial Servicios, and DOCOMO Digital.

To wrap up the day, our keynote speaker, Gustavo Brusilovsky–CEO and cofounder of Klikin and former CEO and cofounder of BuyVIP–gave an inspirational talk about BuyVIP: from its foundation to its exit to Amazon. After a few drinks and the last bit of networking, Welcome Day was officially over… but the week had just begun!

Training Camp

Each day of the Training Camp was centered around a different theme and featured expert speakers and professors.

  • Day 1 was all about Product.
  • Day 2 revolved around Internationalization & Corporations.
  • Day 3’s focus was Team.
  • Day 4 was a great opportunity for the startups to learn more about Dashboards & Fundraising.
  • The theme for Day 5 was Marketing.

We were honored to have the participation of truly amazing speakers, including Sergio Álvarez Leiva, cofounder and CEO of CARTO; Bartek Kunowski, VP Product at Glovo; Efi Shema, Principal at Rhodium; Ander Michelena, cofounder and CEO of ticketBis; Juan Pablo Puerta, formerly of Yahoo, Etsy, SoundCloud, and more; Javier Martin, Regional Human Resources Director at Google; Juan Lopez, Chief Investment Officer at Kibo Ventures; Ariel Poler, angel investor, board member and founder of multiple tech companies; Andy Stalman, author of BrandOffOn​ and HumanOffOn; and Thomas Petit, Growth Team Member at 8fit.

Sebastián Muller, Acceleration Director (ISDI), got startups excited about the coming months.

We were also honored to get a special welcome video from Brian Wong! Check it out below.

IMPACT’s … well, impact

The only way to really see the results of any program is by measuring the outcome. That’s why startup members were asked to rate the instructors after each lecture and workshop. On average, instructors were rated 8.03 out of 10 in the evaluations. Likewise, instructors and mentors expressed great admiration for the members of the startups.

We at IMPACT Accelerator would like to thank our mentors, instructors, and partners, and, of course, the members of the fourteen amazing startups participating in the first batch of IMPACT Growth 2017.

 

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What is “The Best” thing about IMPACT Growth? 1024 231 IMPACT Accelerator

What is “The Best” thing about IMPACT Growth?

What is The Best thing about IMPACT Growth?

The 14 startups selected for the first batch of IMPACT Growth kicked off their acceleration with Welcome Week in September 2017. This intensive event, hosted by ISDI Madrid, brought together startups, mentors, corps, IMPACT partners, and world-renowned experts for learning and growth.

Here, startups give insight into what they liked best about the event.

Startups featured in this video include GymCraft, Fashion Cloud, YBVR, and Farm Dog.

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