Network supplier Cisco, German telco Deutsche Telekom and chipmaker Intel have teamed up at Mobile World Congress in Barcelona to launch a joint internet of things (IoT) startup accelerator.
Dubbed Challenge Up!, the programme is pitched at startups from across Europe and aims to help IoT developers bring products and systems to market faster through a mix of joint project work, mentoring, networking opportunities and corporate assets.
The trio hinted that particularly intriguing ideas might also receive strategic investment and support in commercialising their products.
The incubator will combine know-how and resources from independent startup schemes the three suppliers already run. These are Cisco’s Entrepreneurs in Residence, Intel’s Business Challenge Europe and Deutsche Telekom’s hub:raum.
The scheme will cover early-stage startups innovating around connected and smart home and city systems, energy, connected vehicles, wearables, information security, big data, analytics, connectivity and cloud.
Source: Computer Weekly
