The EU’s Impact Accelerator is on the hunt for mobile web startups to invest up to €100,000 in, without taking a stake in the business.
Participants must be established in at least one of the 28 European countries, or a country associated with the EU’s FP7 research programme, and they must be using the EU’s Fiware open source API platform.
The companies will get €90,000, plus €10,000 worth of professional services, and a six-month training and mentoring programme. The ‘most outstanding’ projects could receive an additional €250,000 for 10% equity at a pre-defined 25% discount on market value.
This stage of the Impact programme is particularly targeting pre-launch and growth-phase UK startups and is part of a wider €6.4m drive to fund 64 startups by 2016.
The programme is being looked after by mcommerce company Buongiorno, which is part of NTT Docomo, the Japanese telecoms company.