COHiTEC Program by COTEC Portugal has participated at the event Caixa Entrepreender Award, that took place last 3rd of February at Culturgest in Lisbon. The event gathered 51 startups and more than 20 investors in order to foster entrepreneurship and innovation in Portugal.
The one-day event, with approximately 700 participants, was organized by Caixa Geral de Depósitos and Caixa Capital, in partnership with the acceleration and incubation programs supported by these entities, namely COHiTEC Program by COTEC Portugal, Building Global Innovators by ISCTE-IUL in partnership with MIT Portugal, InRes by CMU Portugal, Lisbon Challenge by Beta-i, Startup Braga and Lisbon Startup Boost by Caixa Capital. An dditional presence was Startup Next Lisbon by TechStars.
At the event, COHiTEC presented eleven technology-based projects, including: BioMimetx, Exogenus Therapeutics, Thelial Technologies, bOptimum, InovCarbon, MicroTec, B2S, Extremochem, MDID Lab, Charge2Change and PermeAbility.
The day closed with the attribution of Caixa Empreender Award 2016 to Prodsmart, a technology startup that is developing a complete analysis, management and optimization system for production lines and industrial shops, which is being incubated at Startup Lisboa. The prize, worth 100,000 euros, is an addition to the 100,000 euros of investment that the company had already received when it was selected by Lisbon Startup Boost by Caixa Capital.
The path “walked” by the projects awarded at Caixa Empreender Award 2015
During the morning of the 3rd of February, the five projects that received funding in 2015 by Caixa Capital made a presentation in order to share their experience and the path “walked” since the funding was attributed.
BioMimetx, a COHiTEC 2013 participant, is developing an anti-fouling solution of natural origin to be applied in paints for sea submerged structures. The project received last year an investment of 200,000 euros, by Caixa Capital and Intercapital, which is being applied to the protection of the industrial property, to the design and incorporation of the biocide compound in paints and to the conduction of preliminary sea tests.
DoDOC, that participated in Building Global Innovators, is developing a platform to support the document and report submission process of new drugs by pharmaceutical companies. Since the investment, the project has grown its team of 3 to 8 members, developed several pilots of the platform, and participated in TechStars Boston acceleration program.
Exogenus Therapeutics is a startup that participated in COHiTEC 2014 and is dedicated to preclinical and clinical development of innovative cellular based therapies applied to regenerative medicine, specifically for the treatment of skin lesions. The company was established in June 2015 and has since won the Young Entrepreneur Award by ANJE and raised 800,000 euros of extra seed investment by Caixa Capital and Change Partners.
Magnifinance is a technology company that sells a financial management platform for SMEs that makes day-to-day management lighter and financial planning more precise. The project was developed during the acceleration program Lisbon Challenge by Beta-i and was the winner of the 2015 editionof Caixa Empreender Award, receiving a total of 200,000 euros by Caixa Capital.
NU-RISE develops nuclear radiation sensors and equipment for industry, research instrumentation and medical applications. NU-RISE initiated in-vitro trials of a new device for in-vivo and real-time dosimetry, solving the lack for radiation monitoring in prostate brachytherapy.. The project participated in the Building Global Innovators program.
The finalists of Caixa Empreender Award 2016
The afternoon of the 3rd of February marked the main event of Caixa Empreender Award, with the presentation of the seven finalists. Each finalist was chosen by one acceleration or incubation program and, as a consequence of such choice, will receive between 50 and 200,000 euros of pre-seed investment by Caixa Capital. The winner of the seven, Prodsmart, will receive and additional 100,000 euros to the initial contracted amount.
Attentive, selected by Lisbon Challenge, proposes an information-gathering service for marketers that wants to provide companies with real-time information about their leads and clients. The service informs customers in real time about a new product on the market, new markets that a competitor is entering or the name of the new marketing director of its main customer, among other features.
Charge2Change, selected by COHiTEC, will produce a new generation of batteries with low cost and fast charging time, ideal for industrial vehicles such as electric forklifts. The project originated from a research project in partnership with the Instituto Superior Técnico, the Instituto Superior de Engenharia de Lisboa and the Instituto Politécnico de Setúbal.
Fibersail uses fiber optic and sensors technology to provide real-time information about the structure of a ship. Winner of the Building Global Innovators program, this startup can enter the sailing competitions and shipping market, to prevent accidents and provide information that allows the structure of a vessel to be more efficient.
PermeAbility, supported by COHiTEC, is a company in the medical diagnostics sector. The startup is developing a kit for analysis of the intestinal permeability, a biomarker for early disease states, particularly in metabolic diseases such as diabetes and obesity. The team promoters, that come from the Universities of Coimbra (CNC) and Nova de Lisboa (CEDOC), aim to establish this analysis of the intestinal permeability as a routine test.
Prodsmart, incubated at Startup Lisboa, will sell a system for the management, analysis and optimization of industrial production processes. With this system, company’s will avoid the accumulation of paper and substitute it by elements such as tablets and digital sensors. The information on the production process will thus be more available and updated, reducing waste and better controlling costs.
Scraim is a tool that brings together the best from the world of project management with the best from the world of process management, giving companies access to a low cost project management service, supported by configurable development processes. The project is supported by InRes program by CMU Portugal and resulted from a research, development and innovation consortium constituted by FEUP, Strongstep and Multicert.
Seatwish is a social marketplace that brings together buyers and sellers of tickets for all kinds of events: concerts, festivals, sporting events, etc. The service, which is supported by Startup Braga, aims to facilitate the business, increase confidence and security in transactions.
Sven Lingjaerde: a career meeting entrepreneurs
Caixa Empreender Award’s keynote speaker, invited by Caixa Capital, was Sven Lingjaerde. With 20 years of experience in the venture capital industry, Sven is, since 1996, co-founder and managing partner of venture capital firm Endeavour Vision and was also founder, in 1998, of the European Tech Tour Association, a non-profit organization that identifies and promotes emerging European technology companies and exposes them to a selective group of high level executives, representing large technology corporate, international venture capital firms and corporate advisors.
In his speech, Sven noted that three important factors for categorization of startups, which can determine the interest of venture cpaital companies according to their specialization, are: the “industry” in which the startup acts, the “geography” where it falls and the “development stage” where it is. Another very important factor in the analysis of a venture capital company is evaluating the leadership skills of the entrepreneurs’ team.
Regarding Europe’s positioning in the global entrepreneurship panorama, Sven Lingjaerde considered that European startups have the disadvantage, compared to US ones, that «reaching the global market takes several steps». For its part, European venture capital companies need to «build a credibility capital». To this end, it is important that there are more “role models”, or positive examples, able to «link local brands with global opportunities».