Europe opts for the development of connected vehicles
The European Project IMPACT Connected Car wrapped up its first call on Wednesday. Over 500 startups and SMEs from 41 countries applied for funding and training opportunities in the field of connected driving, amongst which Spain, Poland, Italy and France are the most represented. As such, IMPACT supports new actors in a growing market, which is expected to represent a €141 billion business opportunity by 2020. CARTRE Project Partner FIA is part of the project’s effort to identify dynamic business ideas, which bring forward societal mobility and welfare.
The programme, funded within the framework of INNOSUP, part of the European Commission’s Horizon 2020, aims to respond to societal and industrial needs in the landscape of the connected car. The European Commission has opted to fund this venture due to the increased importance of new mobility solutions. As autonomous vehicles and connected cars move from science fiction to reality, Europe is placing priority on finding ways to tackle the arising opportunities and challenges posed by these technologies.
IMPACT Connected Car supports, connects and funds companies with innovative projects in the fields of wireless chargers, cyber security measures against hackers, smart mobility and zero emission transportation. The selected startups will enter a three-stage smartization programme and will receive up to €60,000 in equity free funding. Top performing startups will have the opportunity to obtain additional private funds of up to €200,000 from participating venture capital funds. The selected companies will be showcased at top international events organised over the course of the year by 4YFN and Mobile World Capital Barcelona.
IMPACT Connected Car capitalises on the potential of five of the leading automobile clusters in Europe that facilitate the validation and the market introduction of disruptive innovations in smart driving and urban mobility. The next IMPACT Connected Car call for startups and SMEs is expected to open in the spring of 2018.