RobotUnion is an ecosystem that encompasses SMEs and startups together with corporates, researchers, acceleration programmes and investors. The aim is “to create the best conditions for long-term business success for all involved”, as per the DIH definition by the European Commission.
The RobotUnion consortium is comprised of 14 partners from 7 European countries and Canada. RobotUnion congregates a constellation of top players representing all the links of the innovation value chain from research to market.
RobotUnion selects 20 startups that are financed with up to €223,000 in cash plus acceleration services. The 20 startups selected receive €3,800 each equity-free in cash and mentoring services in the first 2-month Feasibility Plan stage. The 10 best of these startups enter the product acceleration program and receive up to €120,000. 8 Startups selected from the previous phase enter the intensive 4-month Business Acceleration program which finishes with a selection of the 4 best startups which receive up to €100,000 in the final Investment phase. In total, Startups can receive up to €223,000 in cash plus services.
The four best startups also have the possibility to be privately funded with around €1M with the help of Blumorpho, Odense Seed and Venture and Chrysalix that are part of RobotUnion consortium.
Selected companies are able to participate in a 16 months online Premium Acceleration Service, led by top Research and Technology Organizations from all over Europe, key world-class digital ecosystem professionals and entrepreneurs.