MásMóvil launches MASventures, its startup accelerator

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

MásMóvil, in collaboration with Inveready, has recently launched the startup accelerator MASventures that will act as a driving force for innovation and boost investment in startups focused on the new technologies sector.

MásMóvil has launched with this initiative the development of its open innovation strategy, which will allow it to identify new business models and disruptive technologies "in an agile and efficient manner, which will be beneficial for the group", as stated by MásMóvil.

One of the major novelties of this initiative is the participation of Inveready, a Spanish investment group focused on innovative companies.

"The participation of Inveready is very relevant since it will contribute to the project all the necessary knowledge in the management of a company shuttle," added MásMóvil.

This new accelerator is focused on the search of projects in the telecommunications sector and new technologies in three categories: the customer experience, disruptive technologies and new business opportunities.

The new accelerator MASventures

To participate in this new acceleration platform of MásMóvil, the projects must submit their candidacy from this Wednesday until March 10 on their website.

From the closing of the presentation of candidatures, the selection committee formed by sector experts in different areas of knowledge, such as the CEO of MásMóvil, Meinrad Spenger, and the general director of Inveready, Josep María Echarri, will choose up to five projects that they will receive the support program for startups, lasting between four and five months.

In this program they will receive a specialized mentoring with "experts of recognized prestige", according to the company.

During the project they will test and validate the development of their solutions in real environments within MásMóvil, they will receive direct and specific advice from Inveready and the operational support necessary to launch a service pilot.

The selected projects will make a presentation in an elevator pitch in which the investment opportunity will be evaluated by MásMóvil, Inveready and other potential investors.

Meinrad recalled that MásMóvil was born as a startup and its vocation is "to continue maintaining the entrepreneurial spirit as part of the corporate culture".

The CEO of Inveready, Ignacio Fonts, has indicated that he is sure that his "investment effort will be much more profitable when adding the value that this accelerator will offer to startups".

The executive director of MASventures, Pedro Trucharte, has declared that, with this project, the innovation processes of the company will be stimulated "by means of the direct connection with startups to attract talent, technology and new business models that contribute value to both parties".

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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