Intel, Cisco and Deutsche Telekom, Wednesday announced that twelve startups are selected to join the next phase of the ChallengeUp! Internet of Things (IoT) Program that is designed for young innovative companies building solutions for the Internet-of-Things (IoT). The program aims to assist IoT startups to enter the market faster by combining access to corporate resources and joint projects with mentoring and high-value networking. The selected teams will be following a 4-month incubation program, said the companies.
The incubation program will take place in Krakow, Berlin and London from July to November 2015. Startups that successfully complete the program will be eligible for potential co-investment from Intel, Cisco and Deutsche Telekom, as well as other leading corporate venture funds.
Elias Drakopoulos, Senior Vice President responsible for Europe B2B at Deutsche Telekom
We are impressed by the high quality of teams and ideas of the startups and we are looking forward to work with them intensely and welcome them in September in hub:raum Berlin – when the teams will come together next time.
Mike Flannagan, Vice President and General Manager of Data & Analytics at Cisco
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.
