The Collider, the innovation programme run by Mobile World Capital – renowned for its Deep Tech Venture Builder – has expanded its partnership thanks to its agreement with Elewit, the tech platform of the Red Eléctrica Group.
Common challenges in IoT, AI, AR, VR and robotics
Against the backdrop of growing investor interest in the creation of scientific spin-offs (deep techs), working collaboratively with organizations that are nationally renowned for their co-ordinating role in this ecosystem is strategic.
Both organizations are paving the way for ground-breaking innovation, assisting entrepreneurs in the implementation of new types of services, business models and income sources. To this end, challenges are identified and start-ups are created to overcome them through the joint effort of first-class scientific and entrepreneurial talent.
Elewit provides an ecosystem that understands and responds to the main challenges involved in six technological areas of impact: IoT, advanced industry, future platforms, applied intelligence, telecommunications and cybersecurity.
This agreement with The Collider will foster knowledge of these technologies, for which both institutions share scouting mechanisms and challenges. The most notable are IoT, AI, virtual and augmented reality, and robotics, suitable for applications in the fields of energy, utilities and industry 4.0.
The agreement shall also broaden possibilities for the enrichment and circulation of the innovation challenges routinely published by Red Eléctrica Group that relate to the intelligent and flexible management of assets and processes, renewable energies, ICT, the electrification of society, smart cities and public services. All of this will help identify potential start-ups capable of supporting new businesses.
Cross-validation of proposals and business plans
After five editions of the programme, The Collider has managed to forge an effective model of transforming research projects into market solutions, creating ideal conditions for researchers to work with corporations and entrepreneurs. Its portfolio consists of 15 start-ups with a €17M market value, for which €6M has been raised, directly creating 71 jobs.
Under the new agreement, Elewit will also be able to actively participate in the expert committees for the following phases of the MWC business creation programme: call for technologies, opportunity validation, talent matchmaking and business validation. This will facilitate the collection of accurate and relevant information about the spin-offs benefiting from its subsequent editions. Additionally, ongoing contact between investor networks from both entities will facilitate the growth of their respective new companies.
Other features of the agreement relate to opportunities for the production of reports, training, visibility and networking at 4YFN, an event sponsored by the Mobile World Congress.
After two years of steady alignment between the organizations, both are confident and excited about the prospects offered by this partnership with which they rang in the new year.