Wanted: innovative startups building a smart, sustainable future
Do you have a great idea that can change the way 7 billion citizens will travel and transport themselves in the future? Do you want to revolutionize the world of sustainable manufacturing? Is your startup solving the IoT-related data security challenges of a connected society?
And are you ready to pitch it in front of our very own Dragon’s Den?
It's no secret that the corporate environment can stifle creativity. Processes that have been fit-tested for optimum economic efficiency and rigorous quality control can limit creativity. That’s why Ericsson has founded a series of global innovation incubators that we call Ericsson Garages. Working alongside start-up companies and industry partners, we follow a simple but effective design philosophy inspired by lean start-up methodology.
Introducing the Ericsson Garage Startup Challenge 2017
Now we have joined forces with Capital A Partners (CAP A), an early stage, Preferred Seed and Series A venture capital firm operating out of Sweden and the US. CAP A invests in B2B tech companies focused on the global marketplace in areas of Mobility, Security, Human / Digital Interface and “Infrastructure of Things”.
We are kicking off the partnership during STHLM Tech Fest on September 4-5. We’re looking for entrepreneurs who want an express pass to be considered for a venture capital investment via CAP A or CAP A’s partner fund, Butterfly Ventures, plus technology incubation with the global Ericsson Garage network.
Applications open on July 24 on the Ericsson Garage website and close on August 23. The finalists will face a Dragon’s Den of Tanya Marvin Horowitz, co-founder and managing partner, CAP A Partner, Butterfly Ventures, Börje Ekholm, President and CEO of Ericsson and Ville Heikkenin, Partner, Butterfly Ventures.
Smart transport, IoT and privacy, and robotics and AI
The three primary questions we are asking are:
- How can technology empower smart, sustainable transport for 7.5 billion citizens in the future?
- How can we address IoT-related data privacy, identity management and security in a smart city?
- How can sensors, robotics and AI make small and medium manufacturers smart and sustainable?
And projects will be evaluated on the following criteria:
- Innovative solution and in line with the challenge
- Startup capabilities and solution maturity
- Value proposition and global market potential
- Positive environmental and social impact (contributing to at least one UN Sustainable Development Goal)
Winners get fast tracked to a final investment meeting, technology incubation with the global network of Ericsson Garages, and unlimited access to a smart city testbed. To get more details and see the four levels of prizes, please check out our new Startup Challenge site , as well as the Ericsson Garage page, where you can read more about our methodology and ongoing projects.
We can’t wait to hear all your great ideas!
This post was written by Matilda George, Project Manager of the Startup Challenge for Ericsson Garage.