The Demo Day for the third edition of Smart Open Lisboa (SOL), an open-innovation program connecting some of the most relevant players in the residential and commercial real estate sector with startups to implement innovative solutions in the city of Lisbon, is fast approaching – join us next Thursday, June 27th, at Museu d Água to see the solutions presented.
What to Expect
For this second vertical of Smart Open Lisboa, focused on the residential and commercial real estate sector, a total of 19 startups were present at the Bootcamp, with several going forward for the pilot phase – there are a total of 27 pilots being developed.
A preview of the pilots
As the startups’ technologies can get applied to a multitude of businesses, they have joined the partners to test these solutions in the partners’ businesses, proving its effectiveness in bettering the lives oh thousand of people in Lisbon.
Here are a few examples of the technologies applied in the pilots, whose results will be presented by the startups and partners:
Alfredo’s machine learning algorithms will help a bank evaluate residential properties (without sharing any data with Alfredo) generating new credit leads and mitigating risk through an intelligent internal portfolio analysis. In this edition of SOL Housing, they tested it against the traditional way banks evaluate apartments and houses.
Nudge Portugal developed a pilot to intervene in a commercial space’s food court to: increase the return of food trays, the screening of garbage for recycling in the food court as well as to avoid perpendicular queuing and corresponding blocking of corridors.
Meazon worked with the partners on the installation of energy submeters in a building to monitor the elevators and allow a faster service and predictive maintenance through analytics and alerts based on the customer needs using the power consumption or production data.
This startup developed a system to measure electricity use and other data in the homes of older people, identifying events that describe the activity and building routine patterns. Then, they look for anomalies and send status alerts to families.
This startup developed software of predictive maintenance of water leakages or bursts in a determined neighborhood, by a collection of data with sensor networks and machine learning algorithms.
Lisbon Challenge, Beta-i’s acceleration program, had its Demo Day on the last day of Lisbon Investment Summit, on June 7th.
Lisbon Challenge is an intense 10 week program (see exactly how intense here), designed to question the founders’ assumptions, help them find their product-market fit and prepare them for the road ahead – scaling and investment.
And, boy, were they challenged! In the end, it paid off – the teams learned to turn their pains into gains, and they were ready to take the stage at Lisbon Investment Summit – to an audience on national and international investors and innovators, in an event with over 1500 attendees.
At Lisbon Investment Summit, five Lisbon Challenge teams took to the stage to present their companies, in a truly international cohort: the startups originated from: Portugal, UK, Italy, Ireland and USA.
Presented by António Carlos Torrão, Strategic Marketing Manager at BPI:
OUTBOUND:Providing instant access to your ideal customer with proven interest, through an AI based Sales Platform for B2B Lead Generation, so you can focus on what really matters: closing deals.
Presented by Pedro Falcão, Managing Partner at LC Ventures:
VAIRT: Making real estate investment accessible for all, througha global marketplace for real estate investment and liquidation based on blockchain technology.
Presented by Pedro Bandeira, Founder and CEO at REDangels:
FLOCK: Building engaged cultures through quantified real engagement and increased productivity of the workforce, by plugging into the internal communication channels of the customers.
Presented by Roberto Antunes, Executive Director at NEST Turismo de Portugal
CROWDBOOKS:Empowering any author to sell & publish their books, through a crowdfunding publishing platform.
Presented by Nuno Pimenta, Industry Head Startups at Google:
SKOACH: Maximizing employee life-time value, by helping people love their jobs – through a bot plugged into the internal communications channels of the company.
Besides the adrenaline rush of pitching on stage for a crowd of investors, entrepreneurs and corporations, the best part of the pitching is the feedback: the crowd has spoken (through a form vote) and over 50% of voters said that they wanted to meet and talk with the founders – which is the core of #LIS!
We at Beta-i are very proud of the founders who gave it all – during the program and on stage at #LIS. In the words of the Lisbon Challenge team:
“We’re really proud of what we saw today. And today is just the beginning for these teams. They are already doing pilots with big corporates – all companies looking for innovative solutions should talk with these startups. They are a group of trusting, capable founders, with impactful solutions and a growth mindset. We’re excited to see the global impact they will bring in the future – we know they are ready to jump into scale.”
[fusion_text]After 9 intensive weeks, the Protechting Startup Accelerator program, designed by Fosun and Fidelidade and powered by Beta-i ended last thursday with an impressive Pitch Day. In the event that took place at the Fidelidade HQ in Lisbon, the teams presented their projects to the Jury, representatives from Fidelidade, Fosun and Beta-i as well as investors, the media and other invited guests. EctoSense won the main prize of 10.000€ and LifeSymb and CleenBeen will join them in a Roadshow to China where they’ll have the chance to meet some of the world’s most influential investors.
Yesterday was the big day – 3 Winners and one Key Announcement in Insurance
“It won’t be an easy decision” – Since the beginning of the program, we started to see that all the determination and hard work from every team wasn’t going to help the final Jury choose the winners. In these last two weeks, as we were getting closer to the final day, our expectations grew with every pitch: pilot tests were really close to implementation, group tests inside and outside Fidelidade delivered great feedback, deals were being made and an impressive collaboration ensued between these Startups, Fidelidade/Fosun and Beta-i, propelling innovation that ultimately brings great value to our daily routines.
All this expectation was surpassed as the audience listened attentively to the final pitches – these Startups didn’t just participate in the program, they absorbed all the advice they received and turned their 2-months of hard work into a set of impressively crafted pitches.
At 7h30PM the tough decision was made and…
The three grand winners were finally announced
EctoSense won the main prize of 10.000€ and LifeSymb and CleenBeen will join them in a Roadshow to China where they’ll have the chance to meet some of the world’s most influential investors. See at the end of this blogpost how each one of these Startups is bringing innovation to our daily lives.
We’d like to congratulate the winners and all the other amazing teams that proved to be headed in the right direction with their projects and mindsets. We would also like to give a big shout out to Fidelidade & Fosun and to all the sponsors involved – this great experience was only possible thanks to everyone that believed that there is immense value when the corporate world and Startups work together.
We also have another big announcement to make…
The Second edition of Protechting was announced
If this year’s edition is anything to go by, the second edition is poised to create great startups with products and services that will help shape the way in the insurance industry.
Ectosense leverages mobile technology to measure and analyze the user’s sleep quality in their home environment and to provide high quality insights into sleep disorders.
CleenBeen Technologies aims to resolve one of the most predominant problems found today in hospital environments: bacterial/superbug and MRSA infections.
LifeSymb is a high-tech startup in the mobile health sector. The first product of the company is a software that uses multiple sensors, such as 3D depth cameras and accelerometers, to analyse a person’s posture and movements in order to provide automatic health recommendations.
Two months ago Protechting by Fosun & Fidelidade kicked off, but if at first sight it seems that time just flew by, for each one of the selected teams, each day was a hard battle to take their startup to the next level. If at Beta-i everyday was a learning opportunity through access to workshops, talks and meetings with mentors and experts, outside they had the challenge to get user feedback, test their platforms and approach potential clients.
It all started two months ago and now, only two days away from the Demo Day, the teams are collecting all the relevant and final info and goals achieved to craft their pitch. Last week we did a status update on three of the teams and now we bring you news on other seven teams.
Here are the other seven teams and what they’ve been working on
iVigilate is working on behavior monitoring using a web-based platform and beacons that are strategically placed in the location and the person to monitor. The technology is aimed to help control individuals that might not be in their full capacity, such as elder people and children.
What initially started as an attendance management platform is now designed for the Healthcare and Security markets. They have a working pilot, waiting to be implemented at Hospital do Mar and iVigilate is also working with BClose on a platform targeted to the Security market, allowing to monitor security rounds.
It’s always interesting to witness first hand when two Startups have the chance to partner inside an accelerator.
What started as a platform to standardize all the interfaces of different security equipment at big companies is now a B2C IoT portal that joins more than 50 features. The app analyzes real-time info on human behaviors, detects patterns and then suggests different actions according to the context. They already have a working platform where diverse devices are integrated, all related with safety, health, wellness and energy management but Bclose gets stronger as more services are continuously getting included.
They’re already in Spain, France and Switzerland and they plan to approach the Asian and American markets. Fidelidade is doing an internal testing with the app and José Villa, Marketing Manager at Fidelidade and one of their Coaches at Protechting has been one of the great assets, providing valuable inputs to the team.
When you detect some loss or damage at your house you usually call your insurance and they send an expert to evaluate, right? These are claim experts and even nowadays they still take almost a whole day to do the evaluation and the full report they need to deliver.
MotionsCloud developed a mobile solution that allows them to complete the whole process in about 3 hours, saving extra time and costs. They already have a (paid) working pilot running with a claims firm in Germany, where they’re based. It was there that Lex heard about Protechting and immediately knew it could be the perfect accelerator to work on some of their biggest challenges.
Truth is it’s usually not easy to get access to some of the top players in the market, and right now the team has access to great insights, feedback form different departments and also the chance to personally follow the day of a Claim expert. Thanks to Nuno Soares and the other Coaches from Fidelidade a possible pilot with the insurance company is now in due diligence stage.
Diogo works as a doctor in a Clinic and when he arrives home he still has the opportunity to do more appointments. How? He created a telemedicine platform where patients can schedule their appointments, do the video consults, pay and receive their prescription. Right now is already working in the area of travelling appointments, “Consulta do Viajante”, but the plan is to expand to other areas such as General Medicine, Pediatrics and Mental Health.
Right now the payments and prescriptions are made through third parties so one of the main challenges is to work on a way to do them internally.
One of the most valuable learnings was when they heard about NPS (Net Promoter Score) and how to get and work on customer feedback, a talk by Diogo Teles, from FaberVentures.
How did Diogo discover about the Protechting program? He worked as a volunteer three years ago in a Beta-i event and since them he stayed tuned until he saw this was a chance he could not miss.
They’re currently talking with Fidelidade to implement a pilot focused on Occupational Health.
When something unfortunate happens to someone, it’s never easy to have their assets distributed.
With the premise of “Keep your legacy”, Kylega started with the goal of allocating any person’s assets to his relatives in case of death. The concept created by three Iseg Alumni has now evolved to much more than that, allowing anyone to manage all their assets in their life: from bank accounts and houses to social media profiles.
For each one of them, the user defines an accountable person and a general “keeper” that is responsible for activating the distribution when something happens.
They have a working platform that is now being tested inside and outside Fidelidade to get as much feedback possible. All these inputs will be included on the final Pitch, one of their priorities in these final days.
So far Protechting has helped them work on issues such as the user experience, design and how to adapt their product to different corporate solutions.
When the grandfather of the founder suffered from several strokes without being able to fully recover due to the lack of the proper follow-up and help, Lifesymb was born.
This is a platform with a complex algorithm that uses a camera and sensors to analyze your posture and body movements. After the scan the platform recommends exercises, through video tutorials, or even a physical therapist if it’s more serious.
With a working platform, posture corrections and injury healing were some of the tested features with the athletes of last Iron Man Triathlon competition and also at the main triathlon competition in Stockholm. Through Fidelidade they managed to make a deal with Multicare for a pilot starting in July with Luz Saúde clinics.
We all know how choosing the right insurance for your needs can become a real challenge.
Companies that show themselves with more transparency to their clients can develop a more close relation with them, and the evolution of the market points in that direction. Miguel lived abroad for 12 years, where he had access to insurance aggregators and when he arrived again to Portugal he decided to work on his own platform.
QueSeguro was created two years ago and is now evolving with more insurance companies being involved and a growing user base. The relation with Fidelidade was a great opportunity for both sides to understand each other and see how they could eventually work together.
10.000€ and a Roadshow to China are waiting for the winners this Thursday
All these entrepreneurs are giving their best to steal the show at the final presentation and win the 10.000€ first prize or a place in one of the three selected teams that will participate in a roadshow to China where they’ll have the chance to meet some of the world’s most influential investors. The integration of their platforms with Fidelidade’s services can also be a dream come true for most of these Startups.
So far this has been a great experience for the teams, Fidelidade and Beta-I – if initially it might sound strange to get together the corporate world and Startups, now we can surely affirm there is a vast world of opportunities and benefits in this kind of symbiosis.
Stay tuned to see who the winners are on Thursday!