Following an investment strategy to promote the entrepreneurship and innovation ecosystem associated with business acceleration programs, Caixa Capital has recently established a partnership with the Carnegie Mellon Portugal (CMU Portugal) Program to support the 2015 edition of inRes. This partnership agreement will award 50 thousand euros to a project from the 2015 edition, which may receive an additional 100 thousand euros as part of the “Caixa Empreender Award”.
This acceleration program is geared towards teams of entrepreneurs with a solid commercialization product or service in the area of Information and Telecommunication Technologies (ICT) in Portugal. The program includes a preparation and training stage in Portugal, followed by two months of immersion in a highly competitive environment in Pittsburgh and at CMU. In Portugal, inRes has a unique format that responds to the specific needs of the teams, providing training to entrepreneurs, and creating and broadening an international network of contacts.
Launched in 2014 by the CMU Portugal Program, funded by the Fundação para a Ciência e a Tecnologia (Portuguese funding agency), inRes is an intense and challenging program that will require a great deal of commitment from the teams. However, this is an extremely rewarding experience that allows participants to validate and develop their projects in the future, as they get to contact with partners such as Carnegie Mellon University (CMU), Pittsburgh Regional Alliance (PRA), UTEN Portugal, and INESC TEC. The applications will be open until May 8th, 2015.
Caixa Capital – www.caixacapital.pt
Capital is the Private Equity and Venture Capital arm of banking Group Caixa Geral de Depósitos and has a track record spanning over two decades of activity, since the industry was created in Portugal. It is a leading investor in terms of funds under management, portfolio size and diversity. Caixa Capital´s mission is to invest in funds and companies, led by highly qualified management teams, with high growth and valuation potential, that enable our funds to achieve an attractive risk adjusted return and for society at large to benefit sustainably from our activity.
Carnegie Mellon Portugal Program - inRes - www.cmuportugal.org
inRes is a business acceleration program geared towards entrepreneurial teams with a solid commercialization product or service in the area of Information and Communication Technologies (ICT) in Portugal. The program includes a preparation and training stage in Portugal, followed by two months of immersion in a highly competitive environment in Pittsburgh and at CMU. This initiative was launched in 2014, and it is a natural step in the CMU Portugal Program, funded by Fundação para a Ciência e a Tecnologia (FCT), which has already launched 10 startups over eight years of partnership between Portuguese universities, research labs and companies, and CMU.