Following the recent 4YFN cancellation, Toyota has decided to invite the eight finalists of the Toyota Startup Awards to pitch their mobility solutions to a selected audience of investors, media and executives at its own private event in Barcelona on 25 February 2020.
A maximum of three winners will see their project awarded access to the Toyota Startup Accelerator program, which includes training, mentoring and funding. Besides the actual pitch competition, highlights of the event day include inspirational speak-outs by Toyota executives and athletes before the winners will be revealed
The selected startups will have an opportunity to present their solutions in front of an audience of Toyota executives, investors and media. The winners from this pitch competition will take home a ticket to join the Toyota Accelerator Program powered by ISDI, which will offer training, mentoring, funding, as well as potential future collaboration with TME.
Around 200 startups from over 45 countries entered the competition with a focus on ‘Mobility for All’. On top of the quantity, TME also notes the high quality of applicants. 52% of all the projects that applied can prove customer growth, 38% of them are generating revenues and 23.5% have each raised €1M or more in private funding already. Geographically, Spain and UK are the countries with the highest amount of applications, with 15% and 12% respectively. Disruptive Mobility (48%) is the vertical with the highest amount of applications, followed by Socially Inclusive Mobility (24%).
Key Visual of the Toyota Startup Awards Finals (Photo: Toyota)