5 Nov 2015

Caixa Capital renews partnership with accelerator Building Global Innovators

Investment of 200,000 euros in the most promising startup from 2015 BGI’s programme Announcement during BGI’s demoday on Nov 19th at ISCTE-IUL University

Following its strategy of boosting the Portuguese entrepreneurship ecosystem associated with acceleration programs, Caixa Capital has renewed its partnership with Building Global Innovators (BGI), one of the 5 accelerators to be part of “Caixa Empreender” network and awards. 

Building Global Innovators (BGI) is a global technology transfer accelerator developed by ISCTE-IUL and MIT-Portugal, in partnership with the Massachusetts Institute of Technology (MIT), targeting ambitious entrepreneurs and global startups in four verticals: Medical Devices and Health IT, Smart Cities & Industrial Tech, Enterprise IT & Smart Data and Ocean Economy. 

Whit this partnership, Caixa Capital will invest up to 200,000 euros in a participant startup at BGI’s 2015 edition. The winner will be announced at BGI’s demoday to be held at ISCTE university on Nov 19th. 

The winner will be considered for an additional investment of up to 100,000 euros as the most promising startup by competing with 5 other selected startups coming out from other accelerations programmes backed by Caixa Capital. This additional investment will be announced at the event “Caixa Empreender Award” to be held early next year at Culturgest, at the Lisbon headquarters of CGD. 

BGI started in 2010 and has a track record and relevant portfolio of participants that started their business with the boost from this acceleration programme, such as Dodoc (first Portuguese startup to join TechStars, Boston) or Movvo, a ground-breaking retail tracking solution with major customers globally. 

Stephan Morais, Executive Director of Caixa Capital, noted that "Progress in the quality of the entrepreneurial ecosystem Portuguese is remarkable. In recent years Portugal has developed a significant number of world-class startups and BGI has contributed to this progress, helping a large number of entrepreneurs to develop and enhance their business ideas. " 

Gonçalo Amorim, Executive Director of BGI, said that "Caixa Capital has been one of the most important players in structuring the chain of domestic ecosystem value of innovation and entrepreneurship. The renewal of the partnership with Caixa Capital is important in order to continue to consolidate our recent achievements." 

Caixa Capital – 

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 850 million Euros 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.