Factory1 is a global accelerator program for startups that are building ground-breaking technologies in Kapsch’s strategic areas (see Who should apply to the Accelerator and what are the must haves?). The program provides financial resources, expert mentoring and opportunities to collaborate with Kapsch and our partners through a four-months program.
Selected companies will receive resources from Kapsch, potential opportunities to partner with Kapsch teams and support from Kapsch’s global ecosystem. Companies may collaborate with Kapsch on business and technology development.
The program length is limited to 4 months.
The key differentiator is our clear focus on establishing long-term strategic partnerships between each of our participating startups and Kapsch. Throughout our four months program each startup is paired with several of our experts who act like the lead advocates to
Startups selected for Factory1 receive the tools and resources necessary to build successful proof-of-concept projects and strategic partnerships with Kapsch. Some of the program benefits are: financial support and strategic funding of global proof-of-concept projects, introduction to industry experts, innovating with global Kapsch executives, expert mentoring sessions, global industry events and fairs, PR and marketing support.
The Factory1 global accelerator program is designed for pre-Series A and Series A startups building solutions for Mobility data platform solutions, Integrated urban mobility, Autonomous Transportation, Maintenance of the future, Payments and transaction processing, Cybersecurity and Data privacy. We want entrepreneurs who have a functional prototype or working product with first reference customers/sales traction, an experienced team and a passion to build something that will transform our industry.
Qualified startups are evaluated through a multi-phase selection process that evaluates the viability of their business cases, the merits and competitive differentiation of their technology, the strength of their teams and their alignment with Kapsch’s strategic focus. 15 selected finalists present their technology and company to a panel of Kapsch executives and technology experts in the headquarter in Vienna.
Kapsch launched Factory1 as part of its “open innovation” strategy. The program plays an important role in our strategic push to catalyse the mobility industry and provides an opportunity for us to identify disruptive technologies early while forging strategic partnerships with high-potential startups.
Yes all travel expenses during the Kick-Off Days, the Acceleration Weeks and the Demo Day are covered by Kapsch. If you want to extend your stay you will have to cover the costs yourself.
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