An initiative of the Bankinter Innovation Foundation, Endeavor, and Wayra
- The Bankinter Innovation Foundation, Endeavor, and Wayra, Telefónica's open innovation hub, are joining forces again to support the second edition of this program to mentor and guide startups in their evolution into scaleups, capable of generating a significant economic and social impact.
- Collectively, the selected startups had a combined turnover of €35 million in 2020 and employed 373 people.
- The program helps companies in their maturation and transformation process by anticipating the challenges they will encounter along the way.
Madrid, September 8 2021. Thirteen startups have been selected to participate in the second edition of Scaleup Spain Network, an initiative of the Bankinter Innovation Foundation, Endeavor, and Wayra, Telefónica's open innovation hub, which emerged with the intention of supporting startups in their growth process. The success of the first edition has demonstrated that scaleups, larger and faster-growing companies within the startup ecosystem, have the capacity to transform a country's production model, highlighting the necessity of this qualitative leap in the sector. Thanks to the support of the Bankinter Innovation Foundation, Endeavor, and Wayra, three leading organizations committed to entrepreneurship and the development of a more mature scaleup ecosystem in Spain, Scaleup Spain Network seeks to accompany, mentor, and support Spanish startups so they can evolve successfully, becoming an engine that drives growth. The ecosystem offers practical and useful solutions. The program helps companies in their maturation and transformation process by anticipating the challenges they will encounter along the way. It also aims to enhance the development of both company founders and their management teams, and to create a collaborative network among them to establish connections, share experiences, and learn together. To achieve this, it uses a blended learning model that combines theory and key concepts with sessions that develop practical case studies led by the founders of some of the most successful scaleups in Spain, as well as national and international experts and investors. All of this at no cost to the selected companies.
Among the sessions planned for this second edition are one on Structure and Management, given by Miguel Arias (Kfund) and Jorge Poyatos (Seedtag), which will be followed by a session on Fundraising led by Sonia Fernández (Kibo Ventures) and Gonzalo Pastos (Smart Protection), and another on Corporate Culture led by Simone Veglia (Growara) and Ignacio Moreno (Capchase).
Together, the selected startups have a combined turnover of 35 million euros in 2020, employ 373 people, and have raised more than 40 million euros in investment.
These are the 13 startups that are part of the second promotion:
Ritmo: a capital-as-a-service platform that offers the first recurring, non-dilutive line of financing to the new generation of e-commerce companies, especially marketplace sellers.
Climatetrade: is a marketplace to help companies achieve their sustainability goals by offsetting CO2 emissions, reaching carbon neutrality, and funding projects against climate change.
Frenetic: develops highly accurate software for designing electronic components, which are the bottleneck for the development of electronic power systems.
Open Webinars: A platform that develops the technological talent of professionals through a subscription model that allows companies and individuals to access more than 450 technology training courses.
Pay Flow: An innovative application that allows employees to get paid when they need it, advancing their salary with a single click.
Idoven: A HealthTech startup that seeks to prevent heart disease, myocardial infarction, and sudden cardiac death. They are redefining how cardiac arrhythmias are diagnosed by implementing artificial intelligence algorithms and digital health solutions.
M-lean: is a complete and fully integrated production system that digitizes and centralizes continuous improvement processes from the factory floor.
Zinklar: A data-driven SaaS that provides unique consumer insights by continuously collecting and analyzing the usage patterns and attitudes of millions of users toward new products, brands, advertising, promotions, and consumer experiences, with a focus solely on mobile devices.
Quibim: A Medtech company specializing in the development and implementation of medical image processing technologies, adding value to clinical practice through advanced image biomarker analysis based on its artificial intelligence developments.
Mysphera: A company that works on automating patient flow in different hospital services by generating automated tasks and providing real-time information to the various service workers.
Coinscrap: A platform that offers white-label micro-services related to financial planning to banks and insurance companies, allowing them to launch new fintech/insurtech functionalities in less time and with a smaller budget.
Visit the Scaleup Spain Network website to find all the information about the next call for applications and how the program works.
At the Bankinter Innovation Foundation, we have been working since 2003 to transform society through innovation. Aligned with Bankinter's objectives, we promote our ecosystem of innovators through four key areas: knowledge, through the Future Trends Forum think tank; entrepreneurship, through its Startups program; education, with Akademia and its initiatives in universities; and companies, to whose support and assistance the Cre100do Foundation is dedicated.
In the Startups program, Bankinter Innovation Foundation jointly develops with Bankinter Capital Riesgo the Venture Capital program, focused on identifying and investing in high-potential startups with Bankinter funds; in addition, it offers transparency and near real-time visibility of the state of investment in Spain through its interactive tool, the Startups Observatory; Finally, it contributes to the development of the entrepreneurial ecosystem by holding events and activities and disseminating content on best practices, trends, and data.
About Endeavor
Endeavor is the world's leading community of high-impact entrepreneurs, founded in 1997. Endeavor is a global organization that promotes economic, social, and cultural transformation by selecting, supporting, and investing in the growth of the world's best entrepreneurs and their scaleups. Currently, the Endeavor network spans nearly 40 countries and supports more than 2,000 entrepreneurs, whose companies generate total revenues of over $28 billion, have created more than 3.9 million jobs, and, in 2020, raised over $4 billion in capital. Our unique model of putting the entrepreneur and the trusted network first provides a platform for entrepreneurs to dream big, scale, and reinvest their expertise as mentors to the next generation of entrepreneurs.
About Wayra
Wayra is the entrepreneurship initiative that is part of Telefónica's Open Innovation program, the most global, technological, and connected in the world. It has seven Wayra Hubs, spaces in nine countries across Latin America and Europe through which it invests in and supports startups; Wayra X, a digital hub for investing in 100% digital startups; Wayra Builder, a corporate venture builder for creating innovative startups born from Telefónica's internal technology projects alongside other investors; and Wayra Next Trend, a window into digital innovation, showcasing trends and innovative applications. Furthermore, through the Wayra Activation Programme, it offers entrepreneurs exclusive and free access to new technologies through Telefónica's own platforms. More than 500 of the startups in which Telefónica has invested are part of Telefónica's Open Innovation program, and more than 130 are doing business with the company. More information available at www.wayra.com