New opportunity for start-ups in the mobility and automotive sector. Registration is open for the second edition of the Call for Application organized by Motor Valley Accelerator, an incubator based in Modena founded by CDP Venture Capital, Fondazione di Modena, UniCredit, Plug and Play in order to connect projects and resources for innovation. The call will close on February 13, 2022and is open to all Italian or foreign startups willing to open a company under legal law in Italy that have innovative products or technologies of interest for the mobility and automotive world.
The second edition of the program aimed at enhancing and supporting the pioneers of the future of Mobility in Italy will last 5 months and provides, in addition to an investment of € 100,000, access to a training course through weekly workshops, access to a network of top-level mentors and the opportunity to implement the technology through POCs (proof of concept) and pilot projects with leading companies in the industry and partners of the initiative, such as STMicroelectronics, Marelli, HPE Coxa, Dallara, Sabelt, CLN Group, OMR Group. The course is dedicated to the growth of early-stage Italian startups and to open innovation for partner companies, which will also work with scaleup internationally in Modena, in the heart of the Motor Valley.
“The experience in the acceleration of startups and scaleups through collaboration with leading companies in the sector has always characterized the approach that Plug and Play adopts globally” he claims Enrico Dente, Program Manager of the Motor Valley Accelerator “For this reason, the challenges we see today in the mobility and automotive industry should not be read negatively, but instead represent an incredible opportunity, especially for startups, to enter a sector traditionally with a high barrier to entry by developing new technologies. , business models and foster large-scale collaborations with key players in the value chain “. The selected startups will receive a first investment and will have access to a 5-month acceleration path at the end of which the best ones will be able to receive a further investment from the Accelerator Fund of CDP Venture Capital, Fondazione di Modena, UniCredit and Plug and Play itself. Italy up to Euro 500 thousand. The objective of the program is to provide deserving startups with the support and capital necessary to bring their startups to compete internationally, giving further value to the excellence of the Motor Valley and of Italian talent.
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