EDP Open Innovation 2016
EDP Open Innovation is an acceleration program for development of new business projects focused on technological innovation or business model innovation in the area of clean technologies in the energy sector.
In partnership with Expresso, this program results from the alliance between Energia de Portugal and the EDP Innovation Awards (both running in Portugal and Brazil).
Leveraging in this cross-border experience, this year it is time to open applications worldwide, with a selected jury from three EDP’s key geographies – Portugal, Spain and Brazil.
Purpose
Applicants are asked to present projects that fit the following categories:
1.Energy efficiency;
2.Electric mobility;
3.Information tecnologies;
4.Wind power generation;
5.Solar generation;
6.Offshore electricity generation;
7.Other forms os energy generation;
8.Energy storage;
9.Energy distribution;
10.Natural gas;
11.Internet of things (IOT);
12.Machine to machine (M2M).
The project is divided into three main phases. In the first one, each startup applies to have its idea analysed and evaluated by an international jury. Teams must present what they commit to develop over the acceleration program. Fifteen teams worldwide will be selected to take part in the EDP Open Innovation, a four week acceleration program in Lisbon.
The practical part of the competition follows, in which the applicants will have to face four bootcamps over a month, in the headquarters of FЗbrica de Startups, in Lisbon, to develop their ideas and create solid and structured foundations for their businesses. The acceleration is based upon FastStart, a method that allows testing the product acceptance by the customers (although not yet developed), thus enabling the evaluation of the project’s success before investing time and money. The teams will be able to test their product in the real world, find competitors, define the target market and make their product viable.
Finally, the Investment Pitch takes place, where each team will have five minutes to present the whole work they developed to EDP, investors, and international startup community.
Timeline
Award
