Honda
Founded: 2015
Location: Silicon Valley, China, Europe, Japan & Israel
Duration: 3-6 months
Model: The program offers funding for rapid prototyping and also gives startups a collaborative workspace, and pair each startup with Honda mentors. They do not accept startups in set batches which is also more convenient for some entrepreneurs participating.
Funding: Undisclosed
Equity: 0%
Notable startups: Perceptive Automata
Volkswagen
Founded: 2017
Location: Dresden, Germany
Duration: 6 months
Model: The program is part of the new mobility strategy of Volkswagen group, six startups are chosen per class focused on mobility topics such as connected car, e-mobility/charging solutions, logistics and industry 4.0. Another interesting perk is that the state capital of Dresden, which supports the Incubator Program, pays for accommodation in Dresden for the duration of the program.
Funding: €15,000 (~£13,000)
Equity: 0%
Notable startup: Embotech
BMW
Founded: 2015
Location: Munich, Germany
Duration: 12 weeks
Model: BMW uses a format they call 'Venture Client' - instead of investing in startups, BMW becomes their first client. Startups are chosen at an early stage of its product, service or technology.
Funding: Startups are paid (revenue)
Equity: 0%
Notable startup: Aito
Mercedes-Benz
Founded: 2016
Location: Stuttgart, Germany
Duration: 5 months
Model: One of the earliest accelerators. The program is run by Plug n Play and act as a first meeting facilitator. The startups negotiate with the corporates for MVP funding.
Funding: Yes but undisclosed
Equity: 0%
Notable startups: Dataiku, Celonis, What3Words
Jaguar Land Rover
Founded: 2018
Location: London, UK
Duration: 6 months
Model: Jaguar's VC arm, InMotion, invests in companies at the early stage, pre-seed to Series B but if a company is little more than an idea it could be a candidate for Jaguar Land Rover’s incubator programme Studio 107.
Funding: Undisclosed
Equity: Yes but % undisclosed
Notable startups: The OUT, Lenny, Carpe
Volvo
Founded: 2018
Location: Greensboro, North Carolina
Duration: 10 weeks
Model: The programs is run out of Volvo Financial Services and offers startups to trial a product as well as mentoring from senior Volvo executives.
Funding: Undisclosed
Equity: Undisclosed
Notable startups: Launch Mobility, e-bot7, Encompass-CX, DOVU
Scania
Founded: 2018
Location: Stockholm, Sweden
Duration: 6 months
Model: Scania’s Innovation Factory is an in-house program and aims to channel ideas of employees and to give
employees hands-on experience in releasing a new product or service to the market.
Funding SEK500,000 (~£40,500)
Equity: Yes but undisclosed
Mayer Cars (sponsored by Honda, Volvo, Hertz , NEC, Ituran & Aptiv)
Founded: 2017
Location: Tel Aviv, Israel
Duration: 5 months
Model: Eight startups in each cohort go through a curriculum of seminars on how to take their ideas to market in Israel and abroad.
Funding: No funding
Equity: Yes but undisclosed
Notable startups: Autofleet, Waycare
CEVT, Ericsson, Veoneer, Volvo Cars, Volvo Group and Zenuity
Founded: 2017
Location: Gotenburg, Sweden
Duration:with 6-12 months
Model: The program partner startups with venture firms, offers a collaborative space and let startup form part of a network of global startups and mentors.
Funding: No funding
Equity: 0%
Notable startup: Aurora Labs
Wayra
Founded: 2018
Location: London, UK
Duration: 6 months
Model: Led by Telefonica and spored by Hyundai Motor Company, Ferrovial and Stagecoach Group. The programme is also backed by the Connected Places Catapult, which is part of a UK-government-supported network of elite technology and innovation centres. The accelerator is the first British initiative to successfully bring together government, industry and startups to define the future of transport.
Funding: up to £150,000
Equity: 0%
Notable startups: Lifeshare, Cityswift, OpenCapacity, Tomorrow's Journey
Have we missed an accelerator programme? Please get in touch if there is an accelerator we need to add. This is a growing list.
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