mVenturesBCN: Mobile World Capital’s New €15M Fund

mVenturesBCN is a Mobile World Captial-led initiative to draw international talent to Barcelona and to promote the creation of technology-based companies. They will also allocate €15 million into the launching of 110 startups over the next three years.

The program has the support of the Spanish Ministry of Industry, Energy and Tourism, Barcelona’s city council, the Generalitat of Catalonia and Fira Barcelona. These partners will contribute with 8 million euros into the program.

Over the next three years mVenturesBCN has a goal of accelerate 90 startups, and will also create, what they call a strategic business alliance with each startup selected for the program.

The program aims to be fully operational from November 2015, and will be led by Aleix Valls, the director of the program in entrepreneurship and innovation at the MWCB and the startup-event 4YFN. Given their presence in the startup community in Barcelona, it is needless to say that they already have a good connection with corporates and investors in the city.

As well as focusing on startups, the program will also work closely with universities and research centers across Barcelona, to turn technology assets, into business realities. Through what they call the Technology Transfer Program they will promote the creation of startups that create new projects in lines of research, focusing on algorithms, new devices, materials, etc. Through the program their aim is to create 20 digital startups over the next three years, through recruitment at universities and research centers.

MWC explains in their first press-release that the initiative will strengthen the position of Barcelona, ​​Catalonia and Spain in terms of attracting talent and creating opportunities for startups.

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