At the final cut-off date of the SOUL-FI accelerator programme on 30 September, an impressive total of 205 eligible submissions were received.

As in the earlier three rounds (A1, A2 and B1), the highest number of applications came from southern European countries, with Italy in top position with 50 candidates, followed by Spain with 41, Portugal 31 and Greece 16. The United Kingdom was in fifth position with 14 applications. Over half of the applicants’ projects focus on “Quality of Life” and “Mobility”, while the rest are working in the tourism, environment, energy and “other” sectors or even multiple sectors. Among the 205 projects, some 85% are promoted by SMEs and 15% by web-entrepreneurs.

 

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In total 66 companies participated in Round A of the SOUL-FI acceleration programme, while 139 applicants applied to SOUL-FI for the first time. As the graph below illustrates, the most important source of information about SOUL-FI for candidates is the project website, followed by f6s. On the other hand, word of mouth recommendations, SOUL-FI events and other FIWARE accelerators have made essential contributions to spreading the word about SOUL-FI funding opportunities.

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As far as company size is concerned, 32% of the applicant companies have less than 2 employees, while 56% have a team of between 3 and 10 people and only 1% has 11 or more people working for them.

As with the earlier funding rounds, by far the largest percentage of companies is less than two years old. As far as intellectual property rights (IPR) are concerned, a much larger percentage (48%) declares ownership of its own IP than in the previous three application rounds.

Last but not least, a significant majority of applicants (72%) has annual turnover of less than 100 000 euro, thus highlighting the clear need for investment in new apps and services relating to the Internet of Things. Some 19% of SOUL-FI application earn between 100 000 and 500 000 euro annually, while only a handful of them have earnings above 500 000 euro.

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