It can be tough for tech startups to get established, avoid costly mistakes and secure a spot in their chosen market. But soon Internet of Things (IoT) startups in the EMEA region will be able to count on help through the Challenge Up! program, a joint effort by Deutsche Telekom, Council Lead Partner Cisco and Associate Partner Intel.
The program will provide avenues for early-stage startups to work on joint projects, take advantage of mentoring from the sponsoring companies, as well as networking capabilities and other assets, reports AllAfrica. Essentially, Challenge Up! will give the startups access to the sponsors’ own efforts in the sector and what they learned from those experiences through individual company programs. Those programs include Intel Business Challenge Europe, Cisco Entrepreneurs in Residence and Deutsche Telekom’s hub:raum.
What flavor of startups can participate?
Challenge Up! is specifically for startups engaged in IoT, Internet of Everything, smart cities, smart energy, connected vehicles, data analytics, cloud computing, connectivity and related areas.
Another bonus: the accelerator program is complimentary for participants with no equity required. They also retain intellectual property rights to their products and services.
“We are looking forward to the creative ideas for new products and services from across the region to improve how we live and work together. By giving startups access to the complimentary resources of our three global companies we can help them accelerate their ideas into commercial success,” said Christian Morales, Intel corporate VP and general manager for EMEA.
Interested startups can get additional details here. The companies will host a variety of events, including an Acceleration Week program and a four-month incubation effort that will take place in Berlin, Vienna and Krakow from July through October.