Lithuanian SEMSEYE joins Intel, Cisco and Deutsche Telekom acceleration program

Intel, Cisco and Deutsche Telekom today announced the twelve startups selected to join the next phase of the Challenge Up! Program, a joint startup initiative organized by the three companies. Lithuanian startup SEMSYE, developing a unique solution for monitoring people flows with intelligent video processing, is among the selected participants. The teams will participate in a 4-month incubation program designed for young innovative companies building Internet of Things (IoT) solutions.

The winning teams were selected after five days of intensive mentoring sessions, workshops and pitching during the Challenge Up! Acceleration Week at hub:raum Krakow. Out of more than 300 applicants, twenty startups from 13 countries were invited to meet over 100 international mentors, experts and entrepreneurs. The sessions were designed to help early-stage companies scale their business ideas for faster market entry.

Participants spent close to 40 hours in workshops refining their pitching skills, product development, business modeling, user experience (UX) design and sales strategy. The startups invited to join the Challenge Up! Incubation program are:

• Admetsys (Denmark) admetsys.com
  Admetsys developed Smart PancreasTM, a solution that measures and helps maintain blood sugar levels of diabetic patients. The Admetsys Smart PancreasTM attached to a patient’s intravenous line automatically measures blood glucose concentration in real time with no blood loss.
• ComfyLight (Switzerland) comfylight.com
  It is a smart LED light bulb, enhanced with a presence sensor and connectivity which helps to protect homes. The device learns movement schemes and switches the light on and off in a natural rhythm.
• net (Romania) www.devicehub.net
  Devicehub offers a Platform as a Service (PaaS) through which users can connect easily and remotely manage multiple devices and create services on top of them. The platform significantly decreases effort and time to enter the market for IoT services.
• Hi-Park (Israel) hi-park.co
  Hi-Park’s technology uses crowd-sourced data and images to provide information on parking vacancy. As a result, it significantly reduces the time spent on searching for parking.
• Ifinity (Poland) getifinity.com
  Ifinity provides beacons based tailor-made technology to cities, public spaces and commercial clients around the world. The solution lets people digitally interact with reality through their mobiles.
• OORT (Poland) oort.in
  OORT is a unique patent-pending technology that allowed to build an open ecosystem consisting of smart devices, sensors, mobile software & cloud platform. Base upon it, the company developed first Bluetooth Smart specialized Smart Home system that can be controlled via any device with an internet access regardless of its producer and used OS.
• ProGlove (Germany) proglove.de
  ProGlove is a smart glove that enables its users to scan handsfree and provides them with an instant feedback. The device unlocks a new level of business intelligence through additional data point.
• Senic (Germany) senic.com
  A universal dial for the Internet of Things, able to control smart lights, locks, thermostats or speakers with simple gestures rather than browsing through apps on a smartphone.
• SEMSEYE (Lithuania) semseye.com
  A unique solution for monitoring people flows. It is built on the most advanced algorithms for intelligent video processing, and can be used, among others, in retail areas.
• Taggalo (Italy) taggalo.co.uk
  iTunes for real world analytics. Open platform integrating video analytics, wifi tracking and Beacon, all in a single, plug & play sensor. It allows to collect contextual data (footfall, viewers, dwell time, length of stay, frequency of returns, demographics) accessible directly (custom dashboards) or via APIs in real time.
• Waylay (Belgium) waylay.io
  Waylay is a real-time automation platform that integrates the Internet-of-Things (IoT) with enterprise IT systems and online services.

The incubation program will take place in Krakow, Berlin and London from July to November 2015. Startups that successfully complete the program will be eligible for potential co-investment from Intel, Cisco and Deutsche Telekom, as well as other leading corporate venture funds. More details will be announced in December during the Challenge Up! Summit, part of the unBoundDigital tech conference to be held in London, between November 30th and December 1st 2015.

Challenge Up! is designed to help IoT startups enter the market faster by combining access to corporate resources and joint projects with mentoring and high-value networking. The program unites resources and experience from the startup initiatives of the individual companies, including Cisco, Intel® Business Challenge Europe and hub:raum powered by Deutsche Telekom.

Read full article in German at telecom.com