Purpose

Applicants are asked to present projects that fit the following categories:

ENERGY EFFICIENCY

ELECTRIC MOBILITY

INFORMATION TECHNOLOGIES

WIND POWER GENERATION

SOLAR GENERATION

OFFSHORE ELECTRICITY GENERATION

OTHER FORMS OF ENERGY GENERATION

ENERGY STORAGE

ENERGY DISTRIBUTION

NATURAL GAS

INTERNET OF THINGS (IOT)

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.