- 01. What is Smart Open Lisboa
- 02.What is SOL Green Capital?
- 03. In which stage should startups be in order to apply?
- 04. In what language will the program be conducted?
- 05. Where and when will the program take place?
- 06. Who needs to attend?
- 07. Do you take equity of the participating startups?
- 08. Will you be investing in startups?
- 09. If my startup is selected, what are the next steps?
- 10. What are the selection criteria?
- 11. What does my Startup have to gain specifically from this program?
- 12. Can I apply with more than one startup?
- 13. Can I end up piloting my startup solution with different partners?
- 14. Is there a budget set aside for the pilot(s)?
What is Smart Open Lisboa?
SOL is the city’s flagship program focused on the validation and integration of innovative solutions made to upgrade Lisbon city life by connecting startups, corporates and public institutions with the main goal of tackling smart cities’ challenges, around different industry verticals. This vertical is called SOL Green Capital.
What is SOL Green Capital?
SOL Green Capital is the Green and Circular Economy vertical of Smart Open Lisboa (SOL), and it is focusing on having startups piloting their innovative solutions alongside the program partners and fostering business collaborations with them.
In which stage should startups be in order to apply?
We’re looking for startups that have at least an MVP and preferably have a B2B or B2B2C model in place.
In what language will the program be conducted?
All communications and materials will be in English.
Where and when will the program take place?
SOL Green Capital is a digital program that will not require physical presence, with the possible exception of the Demo Day, however, physical presence might be needed in the piloting phase. This is a case by case situation that will depend on the nature of the solution piloting.
Who needs to attend?
For the Online Pitch, one person will be required to pitch the startup and solution. it is important to have a team member that can address all questions from the jury members of the partners.
For the Bootcamp, we advise at least two team members of your startup, one business-oriented and another more tech-oriented to be able to cover all types of conversations in the 1-on-1 sessions with the partners.
Do you take equity of the participating startups?
SOL Green Capital is a piloting-focused program that has the purpose of fostering collaboration between startups and corporates, therefore no equity is taken nor there’s any monetary prize involved.
Will you be investing in startups?
The program is not investment-focused but given that the startups are selected to collaborate with the partners, investment opportunities might arise.
If my startup is selected, what are the next steps?
If your startup is pre-selected after the online applications (F6S), you’ll be invited to the Online Pitch. Afterwards, the selected startups will be invited to take part in the Bootcamp and the startups with the best fit with the partners will move forward to the Piloting Phase.
What are the selection criteria?
The selection process will be managed by Beta-i and a jury from the partners. A team of evaluators will be focusing on your product, team, market, business model, fit with each partner and will even be counting on their gut feeling and experience from previous Open Innovation programs.
What does my Startup have to gain specifically from this program?
1. Access to the Lisbon Municipality and established organizations in the Portuguese market
2. Fast forward business bootcamp opportunities with relevant partners
3. Opportunity to scale and test the product using real data in a live environment
4. Networking and partnerships with startups selected for the Bootcamp
Can I apply with more than one startup?
Yes, definitely. You can apply with as many projects you believe would fit and benefit with the program. Each startup will require its separate application.
Can I end up piloting my startup solution with different partners?
Yes, there are no limitations in terms of number of piloting projects and startup-corporate matching.
Is there a budget set aside for the pilot(s)?
The budget for the pilot(s) is a process of negotiation between the startup and the partner(s) that should start during the Bootcamp, however our recommendation is that the startup proposes something close to their costs. The incentive we want the startup to have is not that the pilot is a source of revenue, but that serves as a way to test its sustainability in a potential future customer of that dimension. If the pilot is successful and makes sense for the partner, then both parties can resume the negotiations for a more complete service or full deployment of the solution.