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Element 14 partners with Startupbootcamp accelerator programme

17 Mar 2016

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element14 is lending support to Internet of Things (IoT) and hardware startups from around the world through a partnership with Startupbootcamp IoT | Connected Devices. The latter is a new dedicated Internet of Things (IoT) accelerator programme from Startupbootcamp, the global network of industry-focused accelerators.

The accelerator programme, which launched on 2 March 2016, is seeking applications from startups across the world with a focus on innovation in Consumer or Industrial IoT, such as Wearables, the Connected Home, Industrial IoT and Smart Retail.

Ten startups will be selected to engage in an intensive three-month programme starting in September 2016, with each one receiving €15,000, and guidance and support from mentors, partners and investors, including element14. The programme will take place in a brand new, 70,000 sq ft fast prototyping lab at Cocoon Networks in London.

As a corporate partner, element14 will support the startups in taking their initial concepts through to a finished product, in an aggressive three-month development process. element14 can also provide a range of products and services to support the IoT and hardware startups, together with extensive technical expertise and an established global channel to market.

At the end of the three-month acceleration, the programme's startups will pitch their company to more than 250 investors and mentors on a Demo Day, set to take place on December 7, 2016.

Steven Webb, General Counsel at element14, said, "The IoT is a rapidly developing market and is expected to contain as many as 30 billion connected devices by 2020. New startups play a crucial role in fulfilling the IoT's potential, acting as a significant source of fresh ideas that will generate growth in both consumer and industrial markets. However, if truly innovative solutions are to be developed, we must provide greater support for ideas beyond access to products."

Startups can apply for the Startupbootcamp IoT | Connected Devices programme at http://startupbootcamp.org/accelerator/iot-connected-devices.html.

Applications close June 13, 2016.




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