RobotUnion, the first pan-European acceleration programme fully focused on robotics, has announced the names of the 20 startups entering the first acceleration services.
The project led by FundingBox and backed by leading accelerators, venture capital entities and RTOs selected the winners within a Jury Day where 44 startups and SMEs pitched in front of a panel of experts during the 13th and 14th of September at Tecnalia’s headquarters in San Sebastian.
The winning start-ups work with among other autonomous ground-based delivery robots, a robotic glove to increase the function of your grip, the smallest and most lightweight industrial leg exoskeleton in the world, a robotic assistant for spine surgery and many other exciting projects.
Each selected company will receive up to €223,000 equity-free for its initial funding stage as well as access to technological support from European robotics experts and business acceleration services.
Now, the 20 participants will enter different research and product development stages, where in addition to equity-free funding, the companies will receive extensive technical and technological support provided by the leading institutes in robotics R&D in Europe: Danish Technological Institute, VTT Technical Research Centre of Finland, TU Delft, Tecnalia and PIAP. The participants will also receive business acceleration, led by digital business school ISDI.
The best-performing companies participating in the programme may obtain an additional €1 million of private investment in funding rounds.
Robot Union will address the two major barriers that hinder the development and market uptake of robotics technologies for entrepreneurs and start-ups: the elevated setup costs and the lack of awareness of potential benefits of robotics.
The second call of the acceleration programme will open at the beginning of 2019.