REGIONAL INNOVATION FACTORY ACCELERATOR /
Berytech invites you to take part in The Regional Innovation Factory: from research to market, a program allowing you to develop your research or technology innovation in any sector into a practical and commercially-viable product or application. The program is conducted virtually.
A 3-day intensive entrepreneurship bootcamp with seasoned experts
Pitch in front of Jury members to get feedback and get selected to receive incubation support
Incubation support for 7 selected projects and a support grant prize (1 project in each country)
Virtual matchmaking event with industry experts and potential investors for the selected projects
One team will be selected for a Soft-landing opportunity to get short term business and collaboration support from a European or Mediterranean partner.
Applicants will be assessed based on the strength of the application, including technology innovation assessment, the economic viability and scalability potential of the project, and the team expertise and motivation.
The process of commercially developing research technology into new products or services varies widely. It could include licensing of intellectual property, offering technical consultancy, or selling the developed technology or the assets and knowledge developed around it. All have the potential of generating tremendous revenue streams for the people behind the technology.
The four-month regional program will be conducted virtually, and includes an intensive bootcamp, a jury day, a virtual matchmaking event, as well as an incubation phase and softlanding opportunity.
Twenty-one (21) projects will be selected from 7 countries (3 per country) to participate in a 3-day intensive virtual bootcamp, led by an international expert, for up to 2 people per team. The Bootcamp’s program focuses on teamwork, networking, mentoring sessions with international and local experts, learning, applied knowledge and exchange of expertise. It will aim at helping you explore market, funding, commercialization, and business opportunities, as well as develop a valid business model for your innovation with access to:
Seven (7) final teams will be selected by a regional jury committee to proceed with the incubation phase.
The pitching teams are graded and evaluated based on their value proposition, their innovation and market need, the applicability of their technology and intellectual property, their business model and scalability potential, their team and implementation capacity, and finally on their pitch effectiveness.
The selected teams will benefit from 4-month incubation support from Berytech and partners as well as receive a grant of 10,000€ (ten thousand euros) to be spent on technical and business support.
The 4-month incubation period will revolve around:
The seven (7) teams will be presenting their technologies during a virtual matchmaking event, in front of an audience of partners, industry players, experts and investors, from the Mediterranean region, getting valuable feedback and collaboration opportunities for their projects.
Each startup will get the opportunity to meet for an hour with experts who will help them develop their research into market.
Day 1 – Investment: meeting with an investor to receive investment feedback for their research project and to prepare them to receive funding when they are ready.
Day 2 – Technical: meeting with a technical expert based on their needs and request to provide them with technical expertise to help them develop their prototypes and innovations.
Day 3 – Market opportunity: Each startup will meet with an industry player that they have selected to explore opportunities for collaboration in their fields.
One team will be selected based on the incubation progress to receive a soft-landing voucher and grant at a partner’s institution to gain expertise and explore collaboration to implement the project in another country
Make sure you fill in the entire application and submit it before November 5, 2020.
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