After 6 weeks of intensive work in Pittsburgh and a week in Silicon Valley, the teams from inRes program came back to pitch their projects and showcase the results of the program offered by Carnegie Mellon University Portugal (CMU Portugal).
From the four 2015 finalists, Scraim (a spin-off project from Strongstep) was recognized as the most promising, securing a 50 thousand euros investment from Caixa Capital. This prize is a result of a partnership between Caixa Geral de Depósitos and CMU Portugal.
Our support and participation in the program is part of our perspective to extend the international basis of national startups. An initiative with less participants like inRes, ensures higher quality on the interactions, especially with their great American partners, which ensures better investments.
Stephan Morais, Caixa Capital
This investment will support Scraim’s efforts to raise the 1.2 million dollars that Strongstep’s CEO Pedro Castro Henriques hopes to raise to guarantee the startup’s activity on the US market.
Scraim provides an integrated process management platform that leads to a huge reduction in the time needed to achieve international certifications. It also reliefs human labor and reduces the financial effort. The spin-off states it can reduce the certification period from 12 months to 3 and the costs from 180 thousand euros to 30 thousand, all this without resorting to external consultancy services.
At the moment, the startup is developing pilot-projects in the USA with the CMMI Institute, e360 and Kopo. It has also established a partnership with the incubator Plug and Play, with the Founder Institute and the startup accelerator Thrill Mill.