All Posts By

Marta Portales

February 9, 2019
1

RobotUnion launches its second open call with €4 million public funding for startups and SMEs

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  • Launched within the framework of the European Commission’s Horizon 2020 programme, it is the first European acceleration project that discovers, supports and funds innovative projects in the robotics industry
  • In this open call, the programme will select 20 European companies that develop innovative projects in the field of robotics linked to agri-food, healthcare, civil engineering and manufacturing


RobotUnion, the pan-European acceleration programme related to the robotics industry, has launched its second call with €4 million public funding for startups and SMEs. Through this call, RobotUnion will continue the acceleration journey with other 20 startups that will develop projects in the field of robotics linked to agri-food, healthcare, civil engineering and manufacturing.

Each selected company could receive up to €223,000 public funding as well as access to technological support from European robotics experts and business acceleration services. The best-performing companies participating in the programme will have a chance to obtain an additional €1 million of private investment in funding rounds lead by the VCs CHRYSALIX and ODENSE SEED AND VENTURE, with the support of Blumorpho.

 

The programme: from research to setting up

The 20 startups and SMEs selected in the second open call  will initiate an acceleration process of 2 up to 16 months. The participants will be always accompanied by Technical and Business mentors from their research phase all the way through setting up the business.

The process is divided into 4 phases where, in addition to funding, the companies will receive extensive technical and technological support provided by the leading institutes in robotics R&D in Europe: VTT Technical Research Centre of Finland, Danish Technological Institute, TU DELFT, TECNALIA and PIAP. The participants will also receive business acceleration, led by digital business school ISDI.

The startups selected will take part in a rigorous and personalised training programme and will have access to ISDI’s international network of recognised mentors from Google, Airbnb, Ikea, Yahoo, Prisa and Microsoft, among others. A special voucher scheme will be initiated by project coordinator FundingBox, giving accelerated companies access to a range of service providers via a one-of-a-kind marketplace fully dedicated to supporting robotics companies.

The entrepreneurs will also have direct contact with leaders from agri-food, healthcare, civil engineering and manufacturing sector through the participation of corporate organisations including MADE, Ferrovial Servicios, ARLA Foods and FENIN.

RobotUnion will further boost the visibility of startups and SMEs in the robotics sector taking part in top international events such as 4YFN at MWC Barcelona, Automatica Munich, Slush and Web Summit.


A sector with challenges to overcome

The European Commission’s Horizon 2020 innovation frameworks have clearly identified that “There is a requirement to stimulate SMEs in the robotics sector to develop novel and innovative technology that has the potential to open new markets”.

To address this need, RobotUnion is designed to reduce the two main sectorial barriers faced by startups and SMEs in the robotics industry: the elevated setup costs and the lack of awareness of the high potential that robotics represents for entrepreneurs and startups.  The programme will bring together research centres, large corporations and innovative startups, with the aim of overcoming the elevated costs associated with the development of specific technologies for market entry. RobotUnion will also work with the selected companies and their respective ecosystems to overcome the psychological barriers and concerns that hinder the generation of entrepreneurial R&D projects in the area of robotics.

2nd RobotUnion Open Call will be presented at 4YFN 2019 during different events organised by Mobile World Capital Barcelona.

February 9, 2019
0

Win a fast track to the RobotUnion jury day 2019!

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Call for participants: Entrepreneurship Workshop and Award 2019

We invite all entrepreneurs and potential entrepreneurs in the robotics field to join the competition for the prestigious Entrepreneurship Award.

The euRobotics Entrepreneurship Award is given out each year at the European Robotics Forum (ERF) to the most promising robotic start up as judged by a jury of robotic entrepreneurship pioneers and experts.

Entrants to the competition stand the chance to gain valuable skills in how to pitch an investment idea together with the potential to gain interest in their company from the robotics and investment community. The 2019 edition of the Entrepreneurship Award will take place on 20-21 March, at the European Robotics Forum 2019, in Bucharest, Romania.

Benefits from participation
Each selected participant will have their flight and accommodation (up to € 500) and ERF attendance fees paid for one person, and will furthermore receive feedback on their pitch and project from the screening committee and an offer of a further 3 * 1 hour of counselling from European level robotic entrepreneurship experts.

Three participants will be selected as Finalists and pitch in the open Entrepreneurship Award workshop along with robotics entrepreneurship role models, and will receive a Finalist diploma, an ERF banquet fee paid for one person and recognition on stage during the ERF banquet.

The Entrepreneurship winner will additionally receive extensive coverage on ERF social media and recognition in ERF public promotion materials and in an press release and an ERF Entrepreneurship Award winner diploma and announcement on stage at the ERF banquet.

A further exceptional feature of this years competition is, that the winner additionally will have the opportunity to take advantage of a RobotUnion Fast Track invitation. That is, the winner of this years ERF Entrepreneurship Award will be invited directly to the upcoming jury day in Robot Union, and stand the chance to gain up to €223,000 in cash plus acceleration services. Read more about RobotUnion here: https://robotunion.eu/

Motivation and objective
The objective of the workshop is to encourage the wider acceptance of entrepreneurship in robotics researchers by providing Entrepreneurial coaching to several teams who themselves have ideas for developing robotics products or services.

Time of workshop
The workshop will take place over three sessions on 20March. The first and second sessions are private screening and coaching sessions, and will take place between 8:30 and 10:30 and again between 14:00 and 15:30. Each participant will be invited for just one of these private sessions. All participants will receive feedback immediately after 15:30 on 20March, and the three selected Finalist will be invited to pitch in the Entrepreneurship Award 2019 workshop on 20 March between 16:15 and 17:45.

The first two sessions will be closed sessions for the entrants only, while the last session will be open to all ERF participants, and will also feature role model presentations by a successful robotic entrepreneur.

Organisers
Troels Oliver Vilms Pedersen, Danish Technological Institute, tovp@teknologisk.dk

Jon Agirre Ibarbia, Tecnalia, jon.agirre@tecnalia.com

Approach
Three sessions will be held. The first two are private pitching and discussion sessions at which the 10 best entrants are invited to individually pitch their ideas to a panel of expert robotic entrepreneurship coaches. These sessions will result in three entrepreneurs going forward to the ERF Entrepreneurship Award workshop – the three finalists will do a public pitch in front of a jury of robotics entrepreneurship role models and experts. This jury will then consider the presentations and declare a winner of the Entrepreneurship Award.

The private coaching sessions will involve each selected entrant pitching their existing business in a 10 minute slot followed by questions from the panel.

The number of entrants will be restricted to a maximum of 10. If we receive more applications, the organizers team supported by some of the coaches will select the most promising or innovative ideas based on the application.

In order to address the confidentiality issues the workshop will adopt the following guidelines:

1. The first, second and third sessions will be closed sessions.

2. The fourth session will be open to all registered attendees of the European Robotics Forum.

3. It is suggested that presentations be kept to information you are happy to be in the public domain.

4. If there is any information that you feel is essential to your presentation but you do not want to be fully public then this can be discussed with the coaching committee during the first sessions, but no NDA’s will be signed by the coaches.

Coaching committee, jury and role models
The entrants will be followed by a team of expert coaches, that are also open for follow up counselling after ERF. Robotic entrepreneurship role models and experts will form the jury, and could give specific input and assistance in the further development of your investment pitch and your company.

Participants
How can participants contribute to, and prepare for, the workshop?

The participants are expected to have already developed an idea for a product or service and done some background work in researching the marketplace in which it could be exploited. Entries can be both individuals who have not yet established a company or teams with established companies and proof-of-technology, but without sales and turnover yet. However, only one person will be subsidized to join the event.

Participants will be coached and judged based on these parameters:

Innovation
Scalability
Team/roadmap
Interested participants must submit an application with the following format by 12:00 CET on 25 February 2019 to the following email address: tovp@teknologisk.dk

Entrepreneurship Award 2019 – Application Form

1: Contact details (Name, company/affiliation, email, phone number, etc.)

2: Abstract text of your idea (no more than 2500 characters):

Which problem/opportunity in the market, that you are addressing with your idea?
Your solution to that problem/opportunity
What is the market size for your solution?
Which are the existing solutions? (the competence) and how do you compare them to your solution?
At which level of development is your technology? Which are the next steps? What is your roadmap from here? Do you have access to the right competencies or a good plan on how to acquire them?
3: A presentation/your current pitch as attachment in .pptx or similar format

Deadline
Application is to be send by 12:00 CET on 25 February 2019 to the following email address: tovp@teknologisk.dk

Important notice
In order to promote the participation of entrants from different European countries, accepted entrants will be entitled to the cost of transportation and accommodation covered for one person until a maximum of 500 euros. The ERF registration fee for one person will be covered by euRobotics aisbl. Each of the three finalists will be entitled to the cost of the ERF banquet for one person.

Sponsorship
This event is sponsored by euRobotics aisbl and Odense Robotics.

February 5, 2019
2

RobotUnion News! 10 STARTUPS ENTER THE PRODUCT ACCELERATION PHASE

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Great news are coming for the 1st RobotUnion Acceleration program!

Last 2 months Technical and Business Mentors were working with 20 Startups who has started a Feasibility Stage on Welcome Camp in Delft in November 2018. They all had to focus on creating the Feasibility Plans which were presented to the RobotUnion Jury in the middle of January 2019.

We are excited to announce that the final list of 10 Startups who are selected to enter to the Stage 2 (Product Acceleration) are:

They will all start a 12 month Product Acceleration Phase which consists:

  • €120.000 financing
  • Full-time Technical Mentor (weekly meetings)
  • Researcher in Residence (assistance from the Robotic Specialists from RobotUnion consortium on demand)
  • Technical Vouchers (additional services on demand)
  • Business Mentoring

Congratulations to you all!

January 10, 2019
0

“People’s fears towards robots are way ahead of reality” – Ali Muhammad

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Amanda Koppel | Via: MADE

In Denmark and internationally, robotics is one of the hottest topics in manufacturing. Automation and robotics are key areas of interest when it comes to the future of work in the manufacturing industry as well as the future of business.

These topics are at the centre of the European project RobotUnion that MADE is also part of. To get a better sense of what’s going on, MADE asks five different experts from different areas of the robotics sector about their opinions on the matter to get a holistic view of the fast-paced developments happening right now regarding robotics.

First up is Ali Muhammad, Senior Scientist and Principal Investigator at VTT – The Technical Research Centre of Finland. In the following we’ve summed up a few key points and thoughts from Ali regarding the developments in AI and robotics, and what we can expect from big tech companies in the future.

What was the biggest surprise you experienced in 2018?

Well, I noticed how quickly people have come to think that robots with artificial intelligence will come to the market. It has somehow become “the new thing”. I think this is a big misconception when it comes to using robots with artificial intelligence.

We’re only at the very start of this whole roadmap. People think robots will become machines which are intelligent enough to do what people do. People see robots as eventually walking around helping them, supporting them, and maybe even taking their jobs away, and that’s actually a big misconception.

How do you see it being a misconception?

For example, there has been a lot of talk about autonomous cars and truth be told, even though the idea has been around for a while, autonomous cars are nowhere near being in the market.

Some cars can be driven on very special roads from one point to another point – from A to B and go back and forth – but when it comes to autonomous cars actually dropping off the kids at school in the middle of Finnish winter, driving back home and bringing me to my office? It’s hard to say, but I think we’re at least 20 years behind on that scenario.

What should we actually be aware of in 2019 on this matter?

For 2019 we should rather expect that using AI, on one hand, can help us achieve higher levels of automation and on the other hand help us teach robots to cope with an increased level of uncertainty. I think there will be more human-robot collaborative production environments but working with more powerful collaborative robots will remain a challenge.

Who and whose development in the robotics sector should we be looking out for in 2019?

I think some of the big companies like Microsoft, Amazon and Google who are striving for launching new possibilities in the area of robotics will be interesting to follow. In the past couple of years, they’ve been establishing themselves as actors in the robotics world through investments and acquisitions in robot technology, but it would be good to actually see what they can bring from AI for robots, because certainly they are the major platform enablers.

What does that mean?

By being the owners of some of the biggest platforms like Windows and Android, they have a global reach and are therefore able to collect a large amount of data. While they’re not necessarily creating applications directly for end-user or customer, but they can provide tools which suddenly makes it possible for you as an entrepreneur to reach a certain market or use their tools for a solution for a new market.”

For entrepreneurs, those tools can for example improve the way the data can be gathered and can be used. I will be keeping an eye on those big corporations the coming years for sure, also because they’re clearly aware that the automation area is an enormous market and that data is a key in that regard.

  • Dr. Ali Muhammad

Senior Scientist at VTT

  • Is the technical coordinator of RobotUnion, which is an EU funded acceleration program for robotics startups.
  • Is the coordinator of Logistics for Manufacturing SMEs (www.L4MS.eu), targeted to bring flexible and cost-effective logistics automation solutions for SMEs
  • Is the coordinator of DIH², which is the largest EU funded network of robotics Digital Innovation Hubs focused on delivering the high-end robotics solutions to European SMEs
December 19, 2018
0

180 robotics startups heard about RobotUnion at Slush 2018, the best European tech event

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Author: Roi Rogríguez | Source: FundingBox

Until 10 years ago Slush was just snow or ice partially melted in Helsinki(Finland), but since then, the startup and tech event that started with just some hundreds of attendees, this year has gathered around 20,000 assistants from 130 countries including 3,100 startups and 1,800 investors. For me, it is the best tech event I have ever been in, and David Baszucki, the CEO and Founder of Roblox, has said that this is “probably the best conference in the world”.

RobotUnion and L4MS programs were presented at Slush 2018

Our main goal this year at Slush was to scout and find companies for our acceleration programs in robotics: RobotUnion and L4MS.

With this aim Mobile World Capital, our dissemination partner in both programs, organized a workshop to present two of our robotics programs: RobotUnion and L4MS. Both of them offer funding of up to €250,000 equity-free and online services. We invited to the workshop all the robotics companies present in Slush, around 180, and finally there were around 40 of them in the room. Companies had the opportunity to have one to one meetings with VTT, the technical leader in both programs, Mobile World Capital and with myself representing FundingBox. There were really interesting companies, and if they finally apply, I am sure that part of them will be part of the next batches of our robotics acceleration programs.

Besides that, we made great contacts to expand our community with organizations that support startups and SMEs from Sweden, Germany or Switzerland.

Slush 2018 highlights

One more year Atomico presented at Slush the State of European Tech. This report is prepared by Atomico in collaboration with Slush and Orrick. Three highlights that you can read in the report highlighted at the event are:

1. European tech ecosystem has achieved another record year for investment, since record sums have been invested: $23bn in 2018 up from just $5bn in 2013. (Source: Dealroom.co).

2. Europe faces a diversity and inclusion problem, because 93% of all funds raised by European VC-backed companies went to all-male founding teams in 2018. 46% of women reported in the survey that they have experienced discrimination in the European tech sector. (Source: The State of European Tech Survey).

3. Europe’s tech industry is the best hope for growth for a stalling European economy. This is because this industry is growing five times faster than the rest of the European economy in terms of Gross Value Added, a level that has accelerated in recent years. (Source: Eurostat).

Moreover, Slush Academy was presented, a global education program for entrepreneurship with the help of world’s leading universities, top-tier growth companies, and VCs.

Among the speakers there were Margrethe Vestager, European Commissioner for Competition; Amazon CTO, Werner Vogels; Hubspot Founder & CEO, Brian Halligan; Co-founder of Gapminder Foundation, Anna Rosling, and Co-Founder & President of Andela, Christina Sass.

Robotics in the European economy

According to the International Federation of Robotics, last year, global sales of industrial robots reached the new record of 387,000. This means an amazing increase of 31% compared to 2016. Also, according to Loup Ventures research, the industrial robotics market is expected to grow by 175% over the next decade.

That is why at FundingBox we have expanded the #FundingGrowth to the robotics industry and we are currently funding and accelerating 20 startups that will receive up to €223,000 in equity-free funding, alongside acceleration and mentoring services with RobotUnion program. But that isn’t all: we will accelerate a new batch of robotic startups and SMEs with the 2nd RobotUnion open call launching in February 2019.

Stay tuned to RobotUnion Community to learn more about funding opportunities, the acceleration program and the future of robotics!

November 22, 2018
0

Robotex 2018 will gather startups and tech leaders in the field of robotics

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From November 30 to December 2, Tallinn will be home to Robotex International 2018, on of RobotUnion’s community partners and one of the biggest robotics festival, gathering more than 30 000 attendees from all around the world.

The Robotex International Conference is one of the must-attend events in the program for everyone who wants to stay up to date with the latest tech trends. The conference will bring together 50+ top executives and influential players of frontier tech and is going to focus on how the future technologies will transform our businesses and everyday lives. These world-renowned thought leaders will tackle topics that are intriguing and relevant to the rapid changes and dramatic developments on the tech scene. So make sure to join the conversation!

The event will bring into the spotlight themes such as AI, machine learning, data science, robots, cybersecurity, Industry 4.0, logistics, space technologies, STEAM education, and many more. Various panel discussions and workshops on robotics, technology and entrepreneurship have also been planned, so there will be plenty of activities for everybody.

95% of the speakers come from outside of Estonia. Among the line-up, you’ll be able to hear:

  • Cassie Kozyrkov (USA), Chief Decision Scientist at Google Cloud who works to democratize statistical thinking and machine learning. Cassie will deliver the opening keynote “Why Do Businesses Fail At Machine Learning?” and run a workshop “Executive Briefing: Most Data-Driven Cultures… Aren’t” on building data-driven cultures in global organizations.
  • David Delgado (USA), Visual Strategist with The Studio at NASA’s Jet Propulsion Lab and one of the creators of the Museum of Awe, a project that blends art, science, theatre, food, and surprise mixing the visual with the informative. David will be giving a speech on “Imagination, Desire and the Call of the Future”.
  • Peter Vesterbacka (Finland), the Co-Founder and Brand Breaker of Lightneer, a game studio that strives to achieve positive social impact through fun and innovative mobile games. Peter was also the Mighty Eagle at Angry Birds for many years and was named one of the 100 most influential people on the planet by Time Magazine in 2011.
  • Taizo Son (Japan), a serial entrepreneur and investor who founded Mistletoe, a hub for startups that specifically provides learning opportunities for entrepreneurs and facilitates startup communities. Taizo has also started VIVITA, the seed accelerator for kids. He will be speaking on “Updating Education for the Future”, as well as leading a discussion “How to Educate the Next 50000 Entrepreneurs.”

The list of speakers and topics is growing by the day, so make sure to keep an eye out for the agenda in Twitter and Facebook.

 

Robotex International (November 30 — December 2) Thousands of engineers, executives, students, and families come together to be inspired by industry leaders, build robots for various challenges and learn about the latest technology innovations. More information on how to attend here: https://robotex.international/

Press release: Sander Gansen

November 21, 2018
0

The Welcome Camp took place in Yes!Delft

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During the 14th and 15th of November RobotUnion starts the first acceleration round with the presence of 20 startups and around 40 partners and mentors. The kick-off was hosted by RoboValley at Yes!Delft, the second best incubator in the world, ranked by UBI.

During the first day the 20 startups were introduced on the methodology that the acceleration programme will follow and after a keynote session with Professor Martjin Wisse from TU Delft, who presented the Rosin Project. In the evening they had a pitching round in front of all partners and mentors.

During the second day, the startups had meetings with their technical and business mentors. After the closing, the steering committee and the mentors had an internal meeting. If you want to know went on, download the programme to get a peek.

Check the excitement of these days at some of the best tweets!

 

 

 

 

 

Check how the full programme looks like!

October 1, 2018
2

RobotUnion announces the 20 startups selected to enter the acceleration programme

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  • Each of the winners, selected among 204 applications from 32 countries, will receive up to €223,000 in equity-free funding, alongside acceleration and mentoring services.
  • RobotUnion is offering a total of 8M€ in equity-free funding in two open calls for startups and SMEs within the framework of the Horizon 2020 programme by the European Commission.
  • These startups are changing the digitalisation of the European Industry in the areas of health, manufacturing, agriculture, civil engineering and open disruptive innovation verticals.

RobotUnion, the first pan-European acceleration programme fully focused on robotics, has announced the names of the 20 startups entering the first acceleration services. The project led by FundingBox and backed by leading accelerators, venture capital entities and RTOs selected the winners within a Jury Day where 44 startups and SMEs pitched in front of a panel of experts during September 13-14th at Tecnalia’s headquarters in San Sebastian (Spain).

The jury was composed by the coordinator of the program (FundingBox), business mentors (ISDI), fundraising mentors (ODENSE Seed and Venture, Blumorpho, Chrysalix Venture Capital), technical coaching providers (Robo Valley, Tu Delft, VTT, MADE), big corporations (Fenin, Ferrovial Servicios, Cluster Empresarial Valle del Ebro Food+i) and technology and innovation centres (Tecnalia, Danish Technological Institute and Mobile World Capital Barcelona).

Ultimately, 20 startups and SMEs were selected to enter the acceleration programme of RobotUnion’s first call:

    • BotsAndUs: customer service and operations robotics and AI (United Kingdom).
    • Smooth Robotics: SmoothTool helps to avoid any kind of complicated programming of the welding robot – only intuitive learning (Denmark).
    • Springa: goliath CNC is the first portable and autonomous robotic tool that disrupts the way of makers, artisans and professionals work flat surfaces (Italy).
    • InteSpring: the smallest and most lightweight industrial Leg Exoskeleton in the world that can support high loads (Netherlands).
    • Alias Robotics: a bio-inspired cybersecurity solution for robots (Spain).
    • Aivero: empowering industrial robots with cloud computing of 3d video (Norway).
    • Tendo: grasp life with Tendo – A robotic glove which increases the function of your grip – made for people, not symptoms (Sweden).
    • QuizIT: robotic hospital pharmacy which reduces medication error by 99% and eliminates medication theft (Poland).
    • Accrea Bartlomiej Stanczyk: Remote Medical Diagnostician – a remotely controlled robot performing real-time medical ultrasonographic examinations (Poland).
    • I-Gripper: a smart gripper for automated sample handling in the laboratory (Germany).
    • Future Sense: robotic solution for autonomous treatment of musculoskeletal pathologies (Spain).
    • Cliin: proactively keep vessel hulls clean from biofouling, saving the shipping industry billions in saved fuel consumption and hull maintenance (Denmark).
    • Kewazo: Kewazo offers a smart robotic system that performs flexible, cost-efficient and safe transportation of construction materials on-site (Germany).
    • Farm Robotics and Automation: robot that balances animal welfare with farm productivity by monitoring chickens using sensors and AI (Spain).
    • Proxima Centauri: sustainable sausages from automated natural casings Selection and Calibration processing (Denmark).
    • Somnox: Somnox robot helps to improve sleep by breathing regulation, soothing sounds and affection (Netherlands).
    • Nido Robotics: advanced underwater robots with an unparalleled price-performance ratio, oriented towards commercial applications in inshore waters (Spain).

Each selected company will receive up to €223,000 equity-free for its initial funding stage as well as access to technological support from European robotics experts and business acceleration services. The best-performing companies participating in the programme may obtain an additional €1 million of private investment in funding rounds lead by the VCs Chrysalix Venture Capital and Odense Seed and Venture, with the support of Blumorpho.

 

The programme: from research to setting up

The 20 startups and SMEs selected in the first open call launched by RobotUnion will initiate an acceleration process of 2 to 14 months. For the first time, the participants will be accompanied from their research phase all the way through setting up the business.

After the Jury Day, the acceleration process will begin with the feasibility study and the 20 participants will enter different research and product development stages, where in addition to equity-free funding, the companies will receive extensive technical and technological support provided by the leading institutes in robotics R&D in Europe: VTT Technical Research Centre of Finland, Danish Technological Institute, TU Delft, Tecnalia and PIAP. The participants will also receive business acceleration, led by digital business school ISDI.

The startups selected will take part in a rigorous and personalised training programme. A special voucher scheme will be initiated by project coordinator FundingBox, giving accelerated companies access to a range of service providers via a one-of-a-kind marketplace fully dedicated to supporting robotics companies. They also will have access to ISDI’s international network of recognised mentors from Google, Airbnb, Ikea, Yahoo, Prisa and Microsoft, among others. It builds on the legacy and expertise of the IMPACT Accelerator, which invested over €20 million equity-free funding between 2014 to 2018. IMPACT has been named among the top ten seed accelerators in the world and the number two in Europe by Gust’s Global Accelerator Report.

The entrepreneurs will also have direct contact with leaders of agri-food, healthcare, civil engineering and manufacturing sector through the participation of organisations including MADE, Ferrovial Servicios, ARLA Foods and FENIN.

RobotUnion will further boost the visibility of startups and SMEs in the robotics sector taking part in top international events such as 4YFN at MWC Barcelona, Automatica Munich, Slush and Web Summit.

 

About RobotUnion:

RobotUnion will open the second call of the acceleration programme at the beginning of 2019. The project will select again 20 startups that will be financed with up to €223,000 equity free in cash plus acceleration services. The 20 startups selected will receive €3,800 each in cash equity free and services in the first phase. The 10 best of these startups will enter in the product acceleration program and will receive up to €120,000 in cash equity free. Finally, the 4 best startups will receive up to €100,000, so in total they can receive up to €223,000 equity free in cash plus services.

The four best startups will also have the possibility to be privately funded with around €1M with the help of Blumorpho, Odense Seed and Venture and Chrysalix Venture Capital that are part of RobotUnion consortium.

Selected companies would be able to participate in a 14 months online Premium Acceleration Service, led by top Research and Technology Organizations from all over Europe, key world-class digital ecosystem professionals and entrepreneurs.

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