257 projects from 41 countries entered for BIND 4.0, the 1st international call to attract the best Industry 4.0 start-ups to the Basque Country
- BIND 4.0 is a private-public initiative set up by the Basque Government that will provide the selected start-ups with the opportunity to work on projects in collaboration with Microsoft, ABB, CAF, CIE Automotive, Danobat Group, Euskaltel, Iberdrola, ITP, Mercedes-Benz, Michelin, Repsol-Petronor and Siemens
- A short-list has already been drawn up of 52 start-ups from which the successful projects will be selected on 31 October. Twenty-three are from abroad, 6 from Spain and the other 23 are Basque.
257 start-ups from 41 countries entered projects for the first Start UP! Basque Industry 4.0 (BIND 4.0) call, a Basque Government scheme, together with the leading industrial companies of the Basque Country, to attract innovative initiatives from around the world to the Basque Country. In line with the established process, a short-list was drawn up last Thursday of the 52 start-ups from which the successful projects will be selected. This will take place on 31 October.
Twenty-three of these 52 start-ups are from abroad, 6 from Spain and the other 23 projects have come out of the Basque Country. India, Poland, Brazil, France or Germany are some of the countries that have made it through the first cut. They are start-ups that develop solutions based on new technologies in the areas of Industry 4.0, nanotechnologies, cyber-security, BigData, virtual reality, Smart Energy, robotics, etc.
On 6 July, BIND 4.0 was unveiled at the Gipuzkoa Science and Technology Park by Lehendakari Iñigo Urkullu, the Basque Premier, together with the Basque Government’s Minister for Economic Development and Competitiveness, Arantxa Tapia, and its Director for Entrepreneurship, Innovation and the Information Society, Aitor Urzelai.
BIND 4.0 is a public-private accelerator that provides recently created companies with new proposals in the field of Industry 4.0 with the opportunity to work on a common project and establish a customer-supplier relationship with ten of the most important companies operating in the autonomous community.
Precisely, during an initial meeting held last week, these ten trail-blazing companies already expressed their satisfaction with the number and level of the start-ups who had submitted entries. Apart from the fact that 75% are foreign, special mention should be made of the high level of those start-ups that are developing solutions based on new technologies aimed at the industrial sphere.
As has already been indicated, the list of the selected start-ups will be published on 31 October and they will develop on their projects with the trail-blazing companies during the following 24 weeks (from 14 November 2016 to 12 May 2017).
One hundred and twenty-six out of the 257 start-ups entered from a European Country, 80 from Southern Asia, 33 from Latin America, 7 from North America, 9 from Western and Southwest Asia, and 2 from Africa. As regards Europe, 42 of the entries were from the Basque Country itself and 29 from Spanish companies.
Collaborating companies and partners
ABB, CAF, CIE Automotive, DanobatGroup, Euskaltel, Iberdrola, ITP, Mercedes-Benz, Michelin and Repsol-Petronor are the collaborating companies that have joined forces with the Basque Country to set up BIND 4.0, a ground-breaking start-up accelerator that turns these emerging companies into customers of leading industrial companies. In this way, the start-ups will have the opportunity to develop their projects by adjusting them to the demands of these corporations. In other words, the relationship between the companies and the start-ups will be on a customer-supplier basis, which will provide them, apart from a real turnover with a major customer, a top-class reference and access to new markets and distribution channels.
This will not only be a positive experience for the new companies, but also for the collaborating companies taking part in the project, which will thus have access to the best talent and new expertise and technologies that will allow them to incorporate competitive and innovative solutions in the field of Industry 4.0. In short, it will allow them to track, identify and take onboard interesting initiatives from around the world for their own businesses.
Furthermore, Microsoft and Siemens, as partner companies of the programme, will provide mentoring and showcase the projects developed in BIND 4.0.
The training process will involve each company being allocated a mentor specialising in company creation and the field of the new technologies. The mentors taking part in BIND 4.0 are Ron Zahavi, Chief Strategist of IoT Standards at Microsoft; Rosa García, Chair and CEO of Siemens España; Pascual Dedios-Pleite, General Manager of Siemens Industry; Eneko Knörr, founder of Ludei and Ideateca; Guillermo Arregui, CEO and co-founder of Emprendiza; Mikel Irizar, CEO of Hydromodel Host; Barak Berkowitz, Strategy and Operations Director at MIT Media Lab, and Gonzalo Martínez de Azagra, General Manager of Samsung Ventures Israel.