Stage2 is born, the first Spanish accelerator for industrial startups with venture capital
Posted: Wed Dec 18, 2024 3:52 am
A dozen entrepreneurs from the industrial tech sector have created Stage2, which they describe as the first Spanish accelerator for industrial startups that will incorporate venture capital funding.
The accelerator, which will be based in a 560-square-metre industrial space in La Verneda (Barcelona), has begun the process of creating a 15 million euro fund to provide financial support to physical product-based startups with proprietary technology.
The aim is to accelerate 150 projects mint data by 2030, with an investment of 100,000 euros per company, the new company said in a statement on Monday.
Stage2 co-founder and CEO Oriol Pascual explains that "startups with a scientific and technical base have a lot of support in the initial stages of research and validation of the technology, but this ends when they have to move on to the industrialisation and market validation phase, which causes a high mortality rate of projects. At Stage2 we want to cover these stages in which entrepreneurs are currently left without help and financing."
Stage2 is a project with a European scope and ambition that has as its growth strategy the creation of a European network from Barcelona that allows for the identification of business opportunities and the establishment of strategic partnerships. The accelerator already has agreements that allow it to start with a presence in two other countries with nodes in Berlin and Helsinki. A network that is expected to expand in the coming months. In this way, the initiative aims to contribute to Barcelona recovering its industrial tradition and becoming a centre of attraction for industrial innovation in Europe.
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Stage2, whose capital is 100% privately held, has an initial investment of 1.5 million euros.
The Stage2 project begins this July as a six-month acceleration programme. At the start, the company plans to accelerate four startups from both Spain and other parts of Europe through a sweat equity system. For this first phase, which could last until 2025, the goal is to accelerate 25 projects.
The accelerator, which will be based in a 560-square-metre industrial space in La Verneda (Barcelona), has begun the process of creating a 15 million euro fund to provide financial support to physical product-based startups with proprietary technology.
The aim is to accelerate 150 projects mint data by 2030, with an investment of 100,000 euros per company, the new company said in a statement on Monday.
Stage2 co-founder and CEO Oriol Pascual explains that "startups with a scientific and technical base have a lot of support in the initial stages of research and validation of the technology, but this ends when they have to move on to the industrialisation and market validation phase, which causes a high mortality rate of projects. At Stage2 we want to cover these stages in which entrepreneurs are currently left without help and financing."
Stage2 is a project with a European scope and ambition that has as its growth strategy the creation of a European network from Barcelona that allows for the identification of business opportunities and the establishment of strategic partnerships. The accelerator already has agreements that allow it to start with a presence in two other countries with nodes in Berlin and Helsinki. A network that is expected to expand in the coming months. In this way, the initiative aims to contribute to Barcelona recovering its industrial tradition and becoming a centre of attraction for industrial innovation in Europe.
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Stage2, whose capital is 100% privately held, has an initial investment of 1.5 million euros.
The Stage2 project begins this July as a six-month acceleration programme. At the start, the company plans to accelerate four startups from both Spain and other parts of Europe through a sweat equity system. For this first phase, which could last until 2025, the goal is to accelerate 25 projects.