SmartKlass Learning Analytics has been selected by Impact Accelerator for a funding up to 100k.
Second IMPACT Open Call successfully completed: 23 additional startups have been selected to start in September the IMPACT Acceleration program and will be receiving fundings for a total of 2,3million Euro (100,000 Euro per Project articulated as 90,000 Euro in funding and 10,000 Euro in services to be implemented through a 6 month specialized mentoring and training program).
These 23 applications come from a total of 819 candidates, translated into 434 applications received from 32 countries. Only 57 were selected to pitch in front of IMPACT Selection Committee at Milan Jury Day on July 14-15th
Each of the 23 selected participants for the 2nd Open Call IMPACT Acceleration program receives an initial injection of up to 100,000 Euro, without equity consideration. Funding is disbursed in three installments linked to the attainment of pre-defined business milestones over the 6 month period. Additionally, IMPACT will offer an Extended Investments Phase to the most outstanding projects after the 6-month Acceleration Process, consisting in fast track access to a network of international private investor and also to the IMPACT Partners investment programs, providing them with up to an additional 250,000 Euros, against 10% of equity with a pre-defined discount of 25% to market value.