Madrid International Lab

Application Deadline: August 4th 2018

Rising STARTUP Spain is a program aimed at foreign startups and entrepreneurs with scalable and innovative projects.

An acceleration program to attract talent and international entrepreneurs to Spain, promoted by ICEX-Invest in Spain, whose mission is to contribute to reinforcing and internationalizing the entrepreneurial ecosystem in Spain. The aims of the program are:

To promote Spain and the Spanish entrepreneurial ecosystem on an international scale
To help attract talent and innovative entrepreneurial projects to Spain.
To enable the repatriation of Spanish entrepreneurs engaged in projects in third countries and provide mechanisms for collaboration between Spanish and foreign entrepreneurs.
To capture international funding for innovative entrepreneurial projects and increase specific investment opportunities in activities with high added value in Spain.

Benefits:

15 Winning projects will receive the following benefits:

– Visa procurement services for the entrepreneur and their partner (fast-track).

2.- Free workspace provided by Barcelona Activa and Madrid International Lab, Wayra and other collaborating organizations as they join the program.

3.- Nonrefundable direct financial aid of 10,000 euros.

4.- Specialized mentoring to support the process of funding and penetration in the Spanish market.

5.- Media impact to increase your visibility in the Spanish market.

6.- Free access to forums and events.

7.- B2B meetings with Spanish corporates.

Requirements:

The program is targeted to foreign startups, foreign entrepreneurs and non-resident Spanish entrepreneurs that have an innovative project with an already positive feedback from the market.
The winning projects will have to constitute a company in Spain at the start of the program; if the company is already constituted, it cannot be older than one year.

To take part in the program, foreign startups established in Spain must meet the following requirements:
1. At least 10% of the startup’s capital must belong to a foreign natural person or legal entity, or a Spanish non-resident provided that he/she is a natural person.
2. The startup must be formed or in the process of being formed when the assistance is granted. If the company has already been formed in Spain, it must be less than one year old.

Selection Criteria

A panel of experts from the Spanish entrepreneurial ecosystem will assess the projects to enter the competition. The evaluation will be conducted in accordance with the selection criteria listed below:

The projects will be chosen by 4 criteria:
·         The technology the project incorporates and the extent to which it is disruptive (25%)
·         The business plan and its economic-financial feasibility (25%)
·         The product validation and growth potential (25%)
·         The management team (25%)

For More Information:

Visit the Official Webpage of the Rising STARTUP Spain acceleration program program 2018

Rising STARTUP Spain acceleration program program 2018 for foreign startups & Entrepreneurs (10,000 euros in Funding)

Selection Criteria