Bright Pixel announces its first international partnership with Spanish startup accelerator EGI Booster to attract retail and ecommerce talent across borders.
Bright Pixel’s first international partnership furthers its mission to be one of the main engines of technological development and digital transformation in Europe.
“The objectives of the partnership are to attract talent across borders and help, together with EGI Booster, so that its acceleration program will power the startups that participate in it,” said Bright Pixel Co-Founder and CIO Alexandre Santos.
“One of our investment priorities focuses on retail technologies and the EGI Booster program is ideal for such projects,” he added.
EGI Booster is an intense vertical acceleration program by the EGI Group that helps tech startups enter the European market.
This accelerator program takes place three times a year, each lasting three months, and hosts startups with B2B solutions focused in the Software as a Service (SaaS) industry for ecommerce and retail in the seed and pre-seed stages.
EGI Booster is already accepting applications for the third quarter of 2018.
The three selected startups will be accompanied by a network of 60 experts in various areas, including sales, SaaS technology and financing, receive funding of €20,000 to invest in the development of the product or service, support of services related to sales, communication and institutional relations in the amount of €20,000, and up to €170,000 in discounts on technical services.
“The partnership with Bright Pixel not only represents a great opportunity for mutual collaboration, but also to establish strategic relationships in Portugal with this great startups laboratory that welcomes innovation and new ventures – fundamental values which EGI Booster also advocates. We are happy to create and continue this synergy together,” said Ronan Bardet, Founder and CEO at EGI Group.
With this partnership, Bright Pixel will play an active role in the selection and evaluation process of the startups, namely in the selection of the projects participating in the Spanish accelerator.
“We chose EGI Booster for the synergies we can create with the organization, [which are] based on trust and commitment, the sharing of values and principles, and interests in terms of action. We consider EGI Booster to be an organization of reference with national and international recognition.”
Bright Pixel, with the support of Sonae IM, will also be able to invest in the projects that will stand out the most during the program. Apart from being a co-founder at Bright Pixel, Santos is also the Head of Portfolio Development at Sonae.
Sonae IM, along with Portugal Ventures, co-funded cybersecurity startup Jscrambler with €1.9 million in Series A funding last March.