Apply the EDP Open Innovation

An acceleration program for development of new business projects focused on technological innovation or business model innovation in the area of clean technologies in the energy sector. I

 

In partnership with Expresso, this program results from the alliance between Energia de Portugal and the EDP Innovation Awards (both running in Portugal and Brazil).

Leveraging in this cross-border experience, this year it is time to open applications worldwide, with a selected jury from three EDP’s key geographies – Portugal, Spain and Brazil.

 

ABOUT US

The entrepreneurship program that brings together EDP and Expresso begins its fifth edition with some novelties and expands geographically including one more country.

The merge of EDP Innovation Award (since 2009) and Energia de Portugal (since 2012), results in shared experience accelerating and incubating startups. With more than 1,000 applications submitted and analyzed, both programs have already awarded more than 500,000 EUR in cash, accelerated 130 business ideas and incubated 3 startups every year at EDP Starter program.

PURPOSE

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.

TIMELINE

June 1st: Beggining of the applications

August 31st: Clossing of the applications

September 5th-22th: Selections of the 15 teams (skype interview)

October-November 10th-2nd: Bootcamp

November 3rd: Investment Pitch Final Gala

November 7th-10th: Web Summit

AWARD

The winner will be awarded a monetary prize of 50.000 €

Top 3: The three finalists will be invited to show their projects at Web Summit, in Lisbon.

EDP Starter: Finalists will also be granted the opportunity to have fast track selection interviews with EDP to join EDP Starter Program in Portugal, Spain or Brazil.

APPLY NOW

"WE HELP STARTUPS DEVELOPING INNOVATIVE TECHNOLOGIES AND NEW BUSINESS MODELS FOR THE ENERGY INDUSTRY"