The world-class port of Antwerp is a hub for a wide variety of logistics activities. Additionally, being close to and part of a major city, a number of important mobility challenges provide a fertile breeding ground for new, innovative solutions. The consortium wishes to support and spur the development of innovative solutions that can help shaping the logistics and mobility products and services of the future.
During a period of 6 up to maximum 18 months, the Logistics & Mobility partners provides financial means (max. 50kEUR on top of the imec.istart offering, which also contains 50 kEUR) as well as coaching and training, depending on the specific needs (specialized coaches & mentors, training focusing on certain themes, …).
The support provided by Logistics & Mobility partners comes on top of the support provided by the imec.istart program. Both organizations (imec and Logistics & Mobility partners) take an independent decision. If you apply for the Logistics & Mobility special track, this automatically means you also apply for the imec.istart program and you agree with its conditions.
Even though a minimal support towards further technology development can be given as well, the main focus lies on business development (developing, validating and implementing a business plan, clarifying the intellectual property situation, market analysis, customer contacts through fairs, marketing and sales activities …).
“The final purpose is to help develop a business idea up to the point where it is ready to attract financial support in the market, and to continue developing independently.”
In order to be eligible, some form of proof-of-concept or prototype of the core product/technology is a necessity. At submission, your start-up does not need to be established yet (if you’re selected, we expect you to establish a kind of legal entity however).
The imec.istart manual includes all details on the program, the conditions that apply (e.g. for the imec.istart support, imec received 6% of the equity in your start-ups and an additional 3% for Logistics & Mobility partners), the support offered by imec.istart and the different Logistics & Mobility partners and e.g. the evaluation criteria.
The iStart program was named the world’s number 4 in the 2015 UBI Global’s ranking of ‘Top University Business Accelerators’.