€100,000 euros have been given to each of the finalists of the 2014/2015 edition of the Building Global Innovators (BGI) – IUL MIT Portugal Caixa Capital Accelerator, with the finalists announced this Friday, 20th of November. In accordance with the program rules, a specialist Jury panel chose the four finalists – one finalist for each of BGI’s characteristic Market areas.

• nuRise, winner of “Medical Technology and Health IT”
• Lokkupp, winner of “Smart Cities and Industrial Tech”
• doDoc, winner of “Enterprise IT & Smart Data”
• Corpower Ocean, winner of “Ocean Economy”

One of those still has the chance to win an additional €100,000.

(Portugal) Forecasts point to a 50% increase of cancer incidence by 2030. Radiotherapy is one of the best treatments available and dosimetry is mandatory. However, in some treatments it is not performed due to the lack of a suitable device. Our invention solves the lack of dose monitoring in regimes requiring a very sensitive, flexible and small dimension device. We seek for a 200 k€ investment, with a payback predicted at the 1st year of sales. We are 2 physicists and 1 bioengineer with 25 years of experience in radiation detection, with support from an economist and a successful entrepreneur.

(Sweden) Lokkupp offer subscription-based position as a service, which works without any premapping or hardware installation in any populated venue and is self-learning with an expected room and floor level accuracy of 1-3 m. We are now testing frontend applications in our beachhead verticals—healthcare and emergency services. Our team consists of Prof. Carlo Fischione, Dr. Torbjörn Nordling, Maria and Anders Lindström. We seek $380k to make us ready for seed or an acquisition candidate and thereby globally distribute our solution similarly to WifiSLAM, acquired by Apple for $20M in 2013.

(Portugal) doDOC automatically formats any document in a €6bn market, and is used as B2B service by companies R&D departments and academic laboratories. Users can fully focus on content, creating perfectly styled documents with just 1-click, saving time, money and hassle. Our team includes: Carlos an executive engineer expert in marketing and sales that leverages the business frontlines; Federico with expertise in startups and software architecture develops doDOC’s technology; Paulo uses his expertise in startups and product development to shape doDOC’s positioning and strategy.

(Sweden) CorPower’s Wave Energy Converters deliver five times more energy per ton of device at a third of the cost compared to previous state-of-the-art wave power. Compact format, low CAPEX, 25-300kW converters. Turn-key Wave farm projects in collaboration with leading offshore EPCs. Amplified power capture by proprietary phase control technology. Robust operations by detuning the device in storms, providing inherent survivability. Effective service and maintenance scheme based on replacement of entire units. 2.1 MEUR invested 2012-2014, additional 1.9MEUR secured for pilot, seed investment opportunity of 1.5 MEUR in 2015. Lean Ocean Energy Startup, limited capital need. High upside, 10-30x ROI multiple, 2019-2020 exit window. Team members: Patrik Möller (CEO, M.Sc.), Stig Lundbäck (M.D. founder), Stefan Svensson (Lead Eng., M.Sc.), Jörgen Hals (Lead Scientist, Ph.D.)

Now in its 5 edition, Building Global Innovators (BGI) – IUL MIT Portugal Caixa Capital Accelerator reinforced its international reputation and demonstrated its capacity to attract projects with value propositions that reach a global market. The number international applications represented 59.5% of all applications, coming from over 30 countries, including China, Slovenia, Finland, Hungary, Jordan, Maldives, Nigeria, Poland, Romania, Sweden, Turkey and Ukraine.

More information at  www.mitportugal-iei.org.