Cisco, Intel and Deutsche Telekom have selected twelve startups to join the next phase of a joint incubator initiative organised by the three companies.
The “early-stage” EMEA-based companies will participate in the four-month Challenge Up! incubation program, designed for start-ups building IoT solutions.
The programme has been designed to help IoT startups enter the market faster by combining the resources of Cisco's startup initiative with those of Intel Business Challenge Europe and Deutsche Telekom’s hub:raum accelerator.
Companies that make it through the programme will be eligible for investment from Cisco, Intel and Deutsche Telekom, as well as other corporate venture funds.
Amongst the participants are Waylay, a real-time automation platform that integrates IoT with enterprise IT systems, and Devicehub, a Platform as a Service through which users can connect and remotely manage multiple devices and create services on top of them.
Marcin Hejka, Vice President of Intel, said: “Combining the industry expertise and network of Intel, Cisco and Deutsche Telekom provides European IoT startups with unique opportunities to test and verify their ideas.
“The Challenge Up! Competition has attracted some highly interesting innovations, addressing real market needs, with some of them already getting business traction.
“The programme proves that the European startup ecosystem is a source of pioneering developments in the IoT segment.”
The incubation program will take place in Krakow, Berlin and London from July to November 2015.
Mike Flannagan, Vice President and General Manager of Data & Analytics at Cisco, said: “This program provides Cisco the chance to support early-stage startups and work with energetic entrepreneurs. We are excited to be part of this community and to support entrepreneurs in open innovation.”
The three-month programme will provide Spanish IoT and NFC startups with mentoring, workspace and access to Orange’s distribution channels, as the French telco looks to launch new services in the country.