Veniam with the other track finalists RDFixer, faces.in and D-Orbit, from now onwards, enter a new intensive stage, comprising 1 to 3 years and not more than 5, with a ultimate goal to validate their value proposals with global clients (B2B) and will be provided with tools to raiser their value at international round of investments (series A and B). The organization hopes that during the first 5 post-award years, the promoters will be able to successful complete investment rounds in the order of 2-5 million euros. By this time they will still be in a position to benefit from the option right of the financial partner Caixa Capital, which can subscribe up to 20% of the added capital value of the companies.
The Ceremony was closed by Gonalo Amorim, Director of the MPP -IEI, with the commitment to continue the competition and the beginning of the 4th Edition by March 14th 2013. Until May 1st, several information sessions will be occurring trough out the country and internationally, the calendar for these events will be announced soon at www.mitportugal-iei.org.
Contest promotes entrepreneurship and innovation in Portugal
The 3rd edition of Building Global Innovators received 132 applications from 483 professionals by 31st May 2012, and from an international community of students, researchers and professionals in many field, from polytechnics, universities and other public and private institutions. Entrepreneurs with start-ups dedicated to promoting technology-based businesses, less than 5 years after founding, qualified for the competition.
The competition is part of the cooperation protocol signed between the ISCTE- IUL and the MIT-Portugal Program in 2010, in order to create a competence center in the area of technology-based entrepreneurship, and celebrate and reward tech based projects, from any country, with inter
|Contact: Slvia Castro|
MIT Portugal Program