The Entrepreneurs Fund's new call for proposals is now under way30.01.2018
The seventh call for proposals of the Entrepreneurs Fund, Fundación Repsol's business accelerator, is already under way. The fund offers support to the best startups offering innovative solutions in the areas of energy, advanced mobility, the circular economy, and new materials for the energy and chemicals industry.
We separate proposals into two categories:
- Projects: more mature startups that have not yet reached the commercial phase.
- Ideas: startups working on their technology or business model.
The selected proposals will receive funding, along with specialised training, counselling from a team of mentors, and access to possible investors. Being selected does not imply any transfer of shareholding or intellectual property to Fundación Repsol.
The acceleration process lasts one year, and projects can be extended for a second year.
The Entrepreneurs Fund offers up to 144 000 euros per year for each project's business development. Ideas are provided with 2000 euros per month over a 12-month period.
This initiative supports the talent of entrepreneurs by helping their projects reach the market as quickly as possible.
Who can participate?
The call is intended for small and medium-sized businesses, but participation is also open to people who have not yet formed a business.
The Entrepreneurs Fund is a global initiative open to entrepreneurs from all over the world, since it is not necessary to travel to a particular workplace on a continuous basis.
Focusing on the energy sector, Fundación Repsol's accelerator supports startups that work on innovative solutions in different areas:
- Digitalisation and mobility, with innovative proposals that bring value to people.
- New materials for the energy and chemicals industry, construction, the home, or transportation.
- The circular economy.
- Improving energy efficiencyand/or operational processes in the energy and chemicals industry.
The Entrepreneurs Fund in figures
Through the Entrepreneurs Fund, Fundación Repsol seeks to effectively support entrepreneurs whose innovations contribute to building a more sustainable energy model.
In its six editions, the Fund has assessed over 2400 proposals and accelerated a total of 43 startups. The startups selected in this call for proposals will be announced in the third quarter of 2018.
Last year, a total of eight startups were selected, four in the ideas category and four in the projects category.
You can find more information and read the terms and conditions here.