CMU Portugal Program Establishes a Partnership with Caixa Capital
Caixa Capital Will Award €50 Thousand Investment for the “Most-promising” 2015 inRes Team
The Carnegie Mellon Portugal Program has partnered with Caixa Capital in the scope of the 2015 Edition of inRes. This partnership agreement will give the opportunity to the "most-promising" startup of this edition to be awarded with 50 thousand euros, with the possibility of receiving additional 100 thousand euros as part of the "Caixa Empreender Award."
On April 17th, Caixa Capital joined the information session at IPN, Coimbra.
inRes is a very early stage acceleration program for Portuguese entrepreneurial teams working in Information and Communication Technologies (ICT) that will push them past their comfort zones, and require them to work at a steep pace, cope with high levels of uncertainty, and constantly reach out for contacts to further build and validate their business projects. The program includes a preparation and training stage in Portugal, followed by a two-months immersion in a highly competitive environment in Pittsburgh and at CMU. In Portugal, inRes has a unique format that responds to the specific needs of the teams, providing training to entrepreneurs, and creating and broadening an international network of contacts.
Launched in 2014 by the CMU Portugal Program, funded by the Fundação para a Ciência e a Tecnologia (Portuguese funding agency), inRes is an intense and challenging program that will require a great deal of commitment from the teams, but at the same time an extremely rewarding experience that allows participants to validate and develop their projects in the future, as they get to contact with partners such as Carnegie Mellon University (CMU), Pittsburgh Regional Alliance (PRA), UTEN Portugal, and INESC TEC. The applications will be open until May 8th, 2015.
Caixa Capital is the Private Equity and Venture Capital arm of banking Group Caixa Geral de Depósitos and has a track record spanning over two decades of activity, since the industry was created in Portugal. It is a leading investor in terms of funds under management, portfolio size and diversity. Caixa Capital´s mission is to invest in funds and companies, led by highly qualified management teams, with high growth and valuation potential, that enable our funds to achieve an attractive risk adjusted return and for society at large to benefit sustainably from our activity.