In line with its investment strategy associated with supporting the leading acceleration programs of the Portuguese entrepreneurship and innovation ecosystem, Caixa Capital signed a protocol with Startup Braga. This partnership agreement foresees the investment of € 100 k in 1 startup coming from the 2015 edition of the Startup Braga acceleration program. The winner can also access an additional investment of € 100 k, awarded at the “Caixa Empreender Award” event that will take place in January 2016 which will feature the participation of several startups from all acceleration programs supported by Caixa Capital.
To access the 2015 edition of the acceleration program, applications must be submitted by 15 March, 2015, with a focus on mobile, eCommerce, medical technologies and nanotechnology. Startup Braga expects to receive applications from companies that develop innovative products in their reference areas and with the ambition to disrupt the industry and markets in which they operate.
The selected startups will enjoy a 24-hour workplace, seven days a week, in a community of more than 35 startups, and enjoy an intensive acceleration program which runs from April to July. The program includes access to a network of 50 entrepreneurs, investors, industry experts and executives as well as training and mentoring excellence.
The 7 teams which participated during the 1st edition of Startup Braga acceleration program, in partnership with Microsoft Ventures, have secured more than € 1,7 M in funding.
Caixa Capital – www.caixacapital.pt
Caixa Capital is the Private Equity and Venture Capital fund management company of Portugal's largest banking group Caixa Geral de Depósitos, present in over 20 countries and with assets above 120 billion Euros. With a total of close to 750 million Euros ($822 million USD) under management, the largest and most relevant in the country, Caixa Capital invests in growth equity and venture capital opportunities and funds. The Venture Capital team partners with incubators, accelerators and business angels for seed and startup investments and with major international venture funds for opportunities above 1 million Euros. The team aims to support global expansion of Portugal related teams and companies and has dedicated team members to ICT, digital, health tech, engineering and clean tech investments.
Startup-Braga - www.investbraga.com/startup/
Startup Braga is an innovation hub designed to assist the inception and development of high potential entrepreneurial projects for international markets. In partnership with Microsoft Ventures we provide business acceleration programs for startups with global ambitions. With 2000 years of history, Braga is the third-largest city in Portugal, after Lisbon and OPorto, and has high standards of quality of life based on location and infrastructures. Braga is a technological hotbed, where many international well succeeded startups have emerged and home of a renowned University (University of Minho) and of the International Iberian Nanotechnology Laboratory (INL) - a leading international research center.