Fundación Repsol's Entrepreneurs Fund is a business accelerator for innovative technological projects in the field of energy and energy efficiency. This initiative is a way of effectively supporting entrepreneurs who collaborate on creating a more sustainable energy future through their innovations.
The projects beginning the acceleration process receive financial support, a team of mentors, technical and legal advice, training to suit their needs, and access to potential investors. We also offer the opportunity of using our facilities to test their prototypes.
There are two types of support, depending on how developed the proposals are. Business projects receive financial support of €144,000 per year with the possibility of renewing the support for a second year, and ideas receive €24,000 for 12 months of acceleration. The support received from the Entrepreneurs Fund in both cases does not involve a stake in the company nor the transfer of intellectual property rights. All we ask in return is that participants make a commitment and work towards fulfilling a work plan.
Since its creation in 2011, Fundación Repsol’s Entrepreneurs Fund has accelerated 43 startups that have obtained more than €16 million in investment and funding.