Seven new ideas and projects supported by the Fundación Repsol Entrepreneurs Fund

More than 360 proposals have been presented in the seventh edition of the Fundación Repsol Entrepreneurs Fund and, following an exhaustive process of evaluation and selection, an expert jury has selected seven as being the most innovative: five in the projects category and two in the ideas category.

Ideas Category:

  • Orchestrate CO2 selective membranes (Tarragona): selective membranes to separate CO2 from the rest of the elements in gases.
  • Sensoy (Guipúzcoa): Digital on/off control of the position of any type of manual valve.
Projects Category:
  • Bulgeone (Cantabria): an online tool for real time prediction and detection of possible cracks or deformations in refinery coke chambers.
  • Finboot (Barcelona): easily accessible and scalable blockchain applications for corporate.
  • Frac-Less O & G Well Stimulation (USA): a system to improve the efficiency of exploration and production operations.
  • Fuelsave (Portugal): a mobile application for professional truck fleet drivers that facilitates safe and environmentally friendly driving and helps reduce fuel consumption by up to 20%.
  • Venvirotech Biotechnology (Barcelona): biotechnology based treatment of organic waste and transformation into biodegradable plastics.
The projects, that will now commence the acceleration program, will receive up to 144,000 euros for a year that may be extended for a second year. The ideas will receive 2,000 euros a month support for 12 months.

In addition to financial support, the projects and ideas will be supported by a team of mentors throughout the acceleration stage, and will receive technical and legal advice and specialized training appropriate to their needs.

The startups will also have access to potential investors and will have the opportunity to test their prototypes in industrial facilities. This support does not imply any kind of participation in the capital of the company or transfer of intellectual property rights by Fundación Repsol

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