20 young technology companies participated in the completed fourth edition of the KPT ScaleUP acceleration program. The project is one of 10 nationwide accelerators implemented under the nationwide PARP initiative called ScaleUp.
Any startup that has in its portfolio a solution that meets the needs defined by technology recipients, i.e. industrial companies that are partners of the accelerator, could apply to the KPT ScaleUP. In the fourth edition, it was primarily the area of Industry 4.0.
As Angelika Popławska, the KPT ScaleUP project manager from the Krakow Technology Park emphasized, startups that took part in the fourth edition of the program can make solutions that meet the needs of both the modern world and technology recipients in the Industry 4.0 area.
“Despite the pandemic, we carried out the biggest acceleration to date: 20 startups in one edition. This shows how determined the startups are to develop their companies ”- she noted.
The accelerator partners in this edition are: TAURON Group, Grupa Azoty, Lafarge Polska, JMP Flowers, ASTOR, Warbud, Velvet Care, Voxel, VOX Group, Werner Kenkel and Aluprof. 84 experts from large enterprises were involved in working with young companies.
The priorities identified by them include automation and robotization, industrial Internet of Things, artificial intelligence and machine learning, data in the cloud and data mining. Each of the technology recipients also created a detailed list of issues that they wanted to work on with startups in the first place.
During the six-month program, each startup could benefit from upto 200,000 PLN co-financing, as well as a training package, workshops, mentoring and study trips with a total value of PLN 50 thousand. At that time, startups were also intensively promoted by KPT ScaleUP.
As recalled, 35 mentors completed a total of over 380 hours of mentoring during the program. In addition, startups participated in 30 hours of training and 145 hours of workshops and individual consulting.
Paweł Chaber, an expert in the Department of Analysis and Strategy of the Polish Agency for Enterprise Development, assessed that the example of the KPT ScaleUP program clearly shows how the level of startups' specialization is growing.
“These are teams that approach business seriously, are open to talks, and take attentive and thorough attention to comments, sometimes even critical, from more experienced partners. They get involved in the acceleration process and see it as a real opportunity to build their market advantage, ”he assessed.
Products and services improved during acceleration - indicated the representative of PARP - are addressed to various industries. Among them there are: software and algorithms for analyzing microscopic photos, a modular solution for introducing a packaging machine to the market and reducing its price, or an application for payment, debt collection and customer offers via social media.
The KPT ScaleUP accelerator is one of 10 accelerators launched under the Polish initiative of the Polish Agency for Enterprise Development (PARP) called ScaleUP. Its aim is to support the development of young companies that meet the criteria of one of the 10 acceleration programs. The project is co-financed by the European Regional Development Fund under the Intelligent Development Operational Program 2014-2020. In July this year, the recruitment for the fifth edition of the KPT ScaleUP ended. (PAP)
author: Rafał Grzyb