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weXelerate, a startup accelerator based in Vienna, admitted two Dutch IoT-startups, Zenodys and Capte, to its program. weXelerate will launch its next edition of the accelerator program on March 5th, 2018. The program admitted 52 start-ups from 21 countries, weXelerate’s primary focus is on five industries (Infrastructure & Energy, Industry 4.0, Media, Insurance, and Banking) and cross-industry technologies such as the Internet of Things, Mobility, Artificial Intelligence, Bots, Blockchain and Cyber Security in a four-month incubation period.
Rockstart-alumnus Zenodys is an IoT development platform that makers can use to collect data from any source such as IoT sensors and devices, legacy machines, things, applications, services, and databases and use it to build application backends. The platform lets makers apply complex logic and code involving machine learning, demand response, and predictive maintenance to machines.
The other startup Capte provides Capte Cloud, Tachographs, access control systems, and APIs and SDKs for app development.
“Our second batch is significantly more international than the first one. With the accumulated experience of the past months, we have created an excellent base to make our accelerator program even more effective in the future. In the remaining three working weeks, before the onboarding week, we are going to focus on numerous innovation projects which will be launched in the coming months,” said Stephan Jung, Managing Partner and Head of the Accelerator Program.
Startups get support
The admitted startups get all kind of support starting from networking and mentoring to more outcome-oriented facilities like exposure to present business to a network of international investors on site, individual coaching, and free working space.
Though there are many startup accelerators and incubation programs popping up all over Europe, a significant advantage of weXelerate is that big companies can also take advantage of it. Corporations planning to run/launch their own accelerators can outsource the startup screening and nurturing process to weXelerate. The accelerator has obtained financial backing of City of Vienna which will help it focus on its core mission to fast-track as many high-tech startups through their initial journey.