Surfair

Startup Competition Guide

110799

Accelerators focused on Smart Cities

Some focus on companies in the smart city space, while some work directly with the cities themselves

Innovation series by Steven Loeb
June 22, 2017 | Comments
Short URL: http://vator.tv/n/49bb

For startups, there are numerous paths for getting their name out there. One way, which Vator has been covering recently, are startup competitions, but another popular method to get a foot in the door, as well as some funding and traction, are accelerators. These are programs that provide companies advice, guidance and various forms of support for startups in their early stages. They also often invest in the companies, for a certain equity stake.

Need a list of startup competitions, challenges, accelerators, etc. from around the world? Check out VatorX. You can find them, or list yours!

There are some very well-known accelerators out there, including Y Combinator and 500 Startups, which have made their names through various successful alumni. Those programs fairly general, accepting companies from a variety of different spaces. 

For some companies, it may help to join an accelerator that only focuses on their specific area. That's especially true for those in more specialized spaces, which will have their own unique challenges and regulations.

One of those areas that requires some additional expertise are those that are looking to build up cities.

There are some accelerators that are focused specifically on mentoring companies in that space, while others work directly with the cities themselves. 

"As local government resources contract and challenges ranging from economic inequality to infrastructure compound, cities must design new and more effective responses. Cities are increasingly looking for ways to implement promising innovations that will have a significant impact in the lives of their residents, especially those with low incomes. The City Accelerator, an initiative of Living Cities and the Citi Foundation, aims to help accelerate the adoption of such innovations within and across cities."

Investment amount: The City Accelerator helps translate dialogue into action by giving cities seed funding.

Program benefits: Each City Accelerator cohort works together over an 18-month period and uses a host of supports and resources to accelerate progress on their work, including:

  • Coaching, tactical support and implementation resources;
  • Grants; and,
  • Opportunities to work with and learn from other cities and leading practitioners through facilitated conference calls, webinars and in-person convenings.

Mentor makeup: Nigel Jacob, Eric Gordon, Jen Mayer

Portfolio: City Accelerator works with cities, rather than companies. So far it has partnered with Louisville, Nashville, Philadelphia, Albuquerque, Atlanta, Baltimore, New Orleans, Seattle, Pittsburgh, St. Paul, San Francisco and Washington, DC.

"We accelerate and invest in technology that shapes the cities of tomorrow"

Investment amount: Upon accepting the invitation to participate, the startup will issue a $50,000 convertible security that will convert in their next round of funding.

Once the program is complete, there is an opportunity for an investment through Dreamit Ventures, its fund dedicated to graduates of the Dreamit program. 

Program benefits: Accepted companies will enter a 14-week virtual and in person hybrid program designed specifically to accelerate startups with enterprise customers.

Founders receive faccess to Dreamit’s customer and investor network, including the opportunity to interface with the $3 billion Tampa Bay Urban Redevelopment Initiative led by Strategic Property Partners, a joint venture between Jeff Vinik and Bill Gates' Cascade Investments.

  • 2-week, multi-city Customer Immersion Roadshow designed to help jumpstart your partnership, trial, and sales pipelines through in-depth customer meetings with key strategic partners and customers you can reference in fundraising documents and marketing materials.
  • Access to some of the world's most active VCs during two week East and West Coast Investor Roadshow as well as one-on-one introductions from our vast network of early-stage investors.
  • Coaching, insight, and hardcore pressure testing and de-risking via weekly office hours with managing directors
  • Weekly webinars and panel discussions with industry leaders around the topics that matter most for early-stage companies

Portfolio companies: Program will begin in September 2017

Accelerating the Urban Landscape

"URBAN-X is organized by MINI and Urban Us. MINI experts guide founders in design, manufacturing, engineering, marketing, community building and branding. Urban Us connects startups with the leading community of founders, investors, companies and city officials. Together, we’ve invested in many of the leading startups working on city solutions."

Investment amount: Every six months it invests $100,000 in up to 10 companies. 

Program benefits: Each URBAN-X cohort enters into 20 immersive weeks of product development and network-building.

It offers working trips to Munich, San Francisco and other cities are designed to help companis meet customers, investors, and partners. URBAN-X companies work shoulder-to-shoulder with world-class electrical and mechanical engineers, industrial design talent from MINI and BMW, user-experience and interface designers – as well as insights from leaders in growth hacking, sales and communications/marketing.

Mentor makeup:  The accelerator offers sccess to a full-time team of resident experts in customer and investment strategy, mechanical engineering, communications, urbanism and design. Teams that are accepted to URBAN-X will be matched with the right groups of mentors, advisors and prospective partners and customers.

Portfolio companies: O2-O2, Envairo, Citiesense, contextere, Revmax, Sencity, Upcycles, WearWorks

"From a pool of hundreds of impressive applicants, over a four-stage selection process including in-person site visits, we chose 10 incredible, game-changing ventures serving poor or vulnerable populations in U.S. cities."

Investment amount: $100,000 in grant funding, from Unreasonable Institute

Program benefits: 

  • A 5-day, in-person bootcamp to help companies prepare for scale
  • Paid admission to SOCAP, the world’s largest gathering of impact investors and entrepreneurs.
  • 6 months of guidance from 3 – 4 mentors, an executive coach, & pro bono financial modeling, 

Mentor makeup: Jennifer Dulski, Tom Chi, Brian Dixon, Josh Horwitz

Portfolio companies: CommonLit, Learn Fresh, EveryoneOn, Propel

"At Singularity University we see a global network of connected cities leading the next wave of innovation, and the SU Smart City Accelerator in Columbus, Ohio is where it all begins." ‚Äč

Investment amount: The Singularity University Smart City Accelerator will be supported by SU in its first long-term program outside of Silicon Valley and sponsored locally by American Electric Power and NCT Ventures. Each of the 10 selected businesses will be eligible to receive up to $100,000 in funding from NCT Ventures.

Program benefits: SU will provide help accessing Singularity University faculty and programs, identify mentors from large companies and startups across the globe to provide expertise on industry and technology, and assign mentors to the team for which their expertise will be most valuable. Other sponsors will facilitate  web services, legal support, financial services, and tax planning for the ten businesses.

Portfolio companies: The smart city-focused startup accelerator began accepting its first applications May 15, 2017.

Cyberview Living Lab Accelerator is the signature program of Finnext Capital. It is a collaborative effort between government, corporates, entrepreneurs and VCs to accelerate and nurture FinTech and IoT focused tech startups. It is a network-driven enabler for startups that aim at transforming the conventional approach to the technology industry (FinTech and IoT) by embracing digital advancement with a scalable business model.

Investment amount: The accelerator does not take any equity.

Program benefits: 

  • Opening opportunities to partner with corporates and residents in Cyberjaya to try and adopt your solutions whilst tapping into the exclusive database of the smart city.
  • Value added services which includes digital marketing, creative services, advertising media services, legal support, operational (day-to-day management), HR assistance, finance know-how to propel your company to the next level

Portfolio companies: Billplz, CurrenSeek, Otomate Me, PrimeKeeper, TrackerHero

"The Building Efficiency Accelerator (BEA) is a public-private collaboration that turns global expertise into action to accelerate local government implementation of building efficiency policies and programs."

Investment amount: While the Accelerator is not a grant-making organization, a primary BEA goal is to offer participants insight into their options for financial and other support and to connect cities with funding opportunities and financing mechanisms. The BEA partnership has technical resources at cities’ disposal in the form of tools, knowledge products, workshops, and trainings, along with the institutional knowledge of the partners.

Program benefits: Cities and subnational governments that join the Accelerator are asked to make three specific commitments to be implemented with assistance from the partnership:

  1. Implement one enabling policy
  2. Implement one demonstration project
  3. Create a baseline of building energy performance, track and report annual progress, and share experiences and best-practices with other governments

BEA cities will be offered tools for gathering input from stakeholders and for prioritizing policies. Through a series of trainings, webinars, regional conferences, and other support, each city will improve their capacity to act and create a deeper engagement with interested parties. In addition, a few cities will work in-depth with the partnership in an intensive multi-stakeholder process.

Portfolio cities: Alba Iulia, Belgrade, Bogotá, Bucharest, Dubai, Mexico City, Warsaw

"In partnership with Ferrovial, we are looking to select growth-stage startups working to solve the challenges of urbanization by optimizing resource consumption and improving services through better management of supply and demand in urban life activities."

Investment amount: The startups that are selected for the program will receive €100,000 equity free — up to €250,000 for the best projects — as well as training and mentoring and the option to receive private investment from one of its partner investors and VCs: Kibo Ventures, Accelerace, INVESDOR.

Program benefits: The three-month acceleration program, led by ISDI and Accelerace, is de-localized, which means that startups can receive training, mentoring, and funding without having to move to another city or country.

This means that startups don’t need to go through the hassle of establishing themselves in a foreign place, but can rather focus their efforts on expanding their business, attending the world’s top startup events, training camps, and networking events in Madrid, Copenhagen, London, Tel Aviv, and more.

Mentor makeup: Simon Lee, Oscar Gallego, Marina Zaliznyak, Marco Donadoni, Fuencisla Clemares

Portfolio companies: Albert, Easy Stay, Kukua, Prior, Appalytics

"Smart City Works was created to galvanize innovation and enable commercialization uniquely focused on improving civil infrastructure (the “built environment”) and livability in cities.  Through the creation of a new business accelerator, and the first business “actuator”, Smart City Works will help startups and mature companies transition new ideas or inventions into viable growing businesses that deliver high-impact solutions to make cities smarter, safer, and more resilient."

Investment amount: Funds up to $50k per team, and takes up to 8 percent equity

Program benefits: A 3-5 month boot-camp with a multi-pronged curriculum to help optimize technology, refine business plans, enhance operations, and advance product development.

  • Pairing with industry mentors and executives to guide you through the journey
  • Ideation services to move beyond ideas to commercial reality
  • State of the art design tools from Autodesk, IBM, Interdigital, and others
  • Access to world class technical support through our network of partners, universities, and laboratories
  • Access to maker spaces, labs, and design studios to turn innovations into mature products
  • Business services:  legal, finance, accounting, and others
  • Introductions to industry partners and collaborators
  • Access to a one-of-a-kind network of test beds and pilot cities
  • Investments into your company and access to investors during and after the program
  • A unique demonstration day to link you to industry, investors, and government officials

Portfolio companies: IHT, UNOMICEDGE, Infraccess, Capital Construction Solutions, PlanITimpact, GreaterPlaces

(Image source: techrepublic.com)

IMPACT Accelerator APPLY PROGRAMS OPEN ACCELERATION MENTORS ABOUT IMPACT STARTUPS NEWS CONTACT US SMART CITIES ACCELERATION LED BY CORPORATE PARTNER IMPACT GROWTH SMART CITIES IMPACT Growth Smart Cities is the new project from IMPACT Accelerator, one of the top ten accelerator programs in the world. In partnership with Ferrovial, we are looking to select growth-stage startups working to solve the challenges of urbanization by optimizing resource consumption and improving services through better management of supply and demand in urban life activities. The startups that are selected for the program will receive €100,000 equity free — up to €250,000 for the best projects — as well as training and mentoring and the option to receive private investment from one of our partner investors and VCs: Kibo Ventures, Accelerace, INVESDOR. €100k+ equity free fiware ecosystem to boost your startup global network of investors, corps & entrepreneurs training & mentoring with international experts corporate engagement to help your startup flourish venture capital from committed investors Our three-month acceleration program, led by ISDI and Accelerace, is de-localized, which means that startups can receive training, mentoring, and funding without having to move to another city or country. This means that startups don’t need to go through the hassle of establishing themselves in a foreign place, but can rather focus their efforts on expanding their business, attending the world’s top startup events, training camps, and networking events in Madrid, Copenhagen, London, Tel Aviv, and more. The best startups will move on to a second phase of internationalization. The best projects will be awarded up to an additional €150,000 in equity free funding. Finally, the four top startups will have the opportunity to receive private funding of up to €1.5 million, led by Kibo Ventures. This acceleration program is powered by FIWARE, an open-source technology that is enabling a new generation of smarter applications which exploit large scale, real-time ‘context information’. Learn more about FIWARE here. MENTORING IMPACT Growth connects startups with mentors, top experts from all around the world. Each startup has its own Follow Up Mentor, who helps startups with all aspects of their business. Startups also can request mentoring sessions with specialists from fields such as strategy, digital marketing, legal, and more. Meet our mentors here. Additionally, each vertical has a special partnership with an international corporation. Smart Cities is partnering with Ferrovial to offer startups specialized mentoring, commercial partners & further opportunities. TRAINING IMPACT acceleration kicks off with a week-long, face to face bootcamp taught by internationally renowned “teachers” (founders, investors, hackers). Startups also receive courses in subjects such as internationalization, founding strategy, growth hacking, and more. SMART CITIES Smart Cities startups work to solve the challenges of urbanization by optimizing resource consumption and improving services through better management of supply and demand in urban life activities. In Smart Cities we will foster innovative solutions to issues such as energy management, water management, waste management, transport management, mobility, assisted living, eGovernment, city infrastructures, content and services for citizens, and security. The partner for this vertical is Ferrovial Servicios. Since its foundation in 1952, Ferrovial has become one of the leading infrastructure and services operators, committed to developing innovative and sustainable solutions. The company has 74,000 employees and a presence in over 15 countries. Ferrovial will bring its experience and knowhow to help startups in the Smart Cities sector succeed. STARTUP CRITERIA IMPACT Growth is designed for startups in the growth stage. The ideal startup: has a product already on the market already has initial investment has established partnerships with corporates or strategic partners is looking to open in new territories in the short term is looking for investment to grow the business is established in Europe or willing to open in Europe before entering the program Have more questions? Check out our FAQ. IMPACT Growth is not currently accepting applications. Check back for our next Open Call before the end of 2017! LEARN MORE Learn about our other verticals: Smart AgriFood | Smart Content | Smart Manufacturing MEET THE PLAYERS WHO ARE MAKING IMPACT HAPPEN Datos de mapas ©2017 Google, INEGI Términos de uso Mapa Satélite PARTNERS COLLABORATORS IMPACT Growth is a project directed in a joint effort by the consortium partners listed below. IMPACT is a public-private partnership, being funded in part by a grant from the European Union’s Horizon 2020 research and innovation program under grant agreement number 732480. This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 732480. LATEST NEWS WELCOME TO THE NEW IMPACT WEBSITE 24 Febrero, 2017 STAY CONNECTED Join the IMPACT newsletter. Open calls, opportunities for startups, news, and more. Subscribe now © 2017 IMPACT TWITTERFACEBOOKYOUTUBE Sumo Focus Retriever

Related companies, investors and entrepreneurs

Default
CommonLit Inc.
Startup/Business
Description: CommonLit helps students make measurable gains in reading and writing through high quality digital content, real time analytics, and supp...
blog comments powered by Disqus
Splashx_health2_320x240

Featured Stories

Splashx_health1_320x240

Other episodes of this series

Startup competitions seeking virtual...

18907

Startup Competition Guide

by Steven Loeb
Competitions include the Casual VR Startup Contest, Gear Indie Contest and G-Startup Worldwide

Startup competitions, accelerators,...

18904

Startup Competition Guide

by Kristin Karaoglu
Samsung NEXT Start, Robot Launch, SplashX Health and more

Startup competitions seeking women-led...

18903

Startup Competition Guide

by Steven Loeb
Calling all female founders; Here's your list of programs with prizes

Accelerators targeting VR startups

18896

Startup Competition Guide

by Steven Loeb
These include accelerators from Samsung, HTC, Qualcomm and Disney

Vator Splash alumni: where are they now?

18892

Startup Competition Guide

by Steven Loeb
Startup competition cohort: Turo, Apartment List, Udemy and Thumbtack
Get-listed-300x250