[Fiware-acceleration-help] FIWARE and SOUL-FI questions

[Nuno Varandas (ipn.pt)]

Hi Marijan,

answers directly in you email below...

regards,

2015-03-17 9:18 GMT+00:00 Marijan <marijan.net at gmail.com>:

> Hello,
>
> I have few questions to ask, please help.
>
> 1. I have a team of people for Startup but they won't apply officially
> because they are not sure will we get funds or not, and in that time they
> might get some other job.
> So basically question is can I apply alone and if we get funds then I
> apply them to the project?
>
*teams of 1 person are not good teams. most of accelerators will not
finance such projects.*​


>
> 2. Do we need to open SME company or wait funds first? if we need to open
> company is any type of company ok?
>
*to apply you do not need to have an open SME, but will be requested to
create one if you are awarded and want to sign contracts.*​


>
> 3. I don't see information where it says rules for spending money that we
> get. Question is can we spend the money for salaries? or money-funds must
> be spent for something else?
>
*​There is information available for each accelerator. Besides this differs
from accelerator to accelerator.*



> 4. About the SOUL-FI, information is no that fully clear so I have to ask.
> On your website everywhere it says you don't take % of the startup, but
> nowhere it says which is critical info that we have to fund 25% of the
> given funds - which I just saw in the "01. Fact Sheet Round A and Round
> B.pdf".
>
*​0% equity*
*we make a co-finance of 75%. The 25% of your funding can be personnel. or
others, it is up to you to present, we will evaluate. *

 Startups are usually startups if you understand :-) therefore in Round B
how do we get 25% or €18,750 euro out of €75k budget. For startups is
difficult to get those funds. And how is that different from any other EU
grants? There are EU ICT grants with ratio 85:15 which is better than this.

>
> At first FIWARE looked as great opportunity, but when I read everything
> now it doesn't look that way :-)
>

*I respect your opinion, but do not agree.*
*​FIWARE is supporting startups and entrepreneurs eager to use the FIWARE
technology within their products! It is true that funding is an attractive
incentive but besides investing in individual SMEs we are providing
Acceleration services in order to improve the rate of success of those
SMEs. *
*H2020 funds are quiet different in terms of: teams/ consortium's/ funding/
domains/ application form/ orientation towards startups/ ...*


> 5. Also if we get funds from Round A, then we should apply with same
> project to Round B, is that correct? because Round A is applying the
> project for designing the concept and creating a business plan.
>

*No it isn't. ​Either you apply to Round A either you apply to Round B. *
*Round A is for less mature projects (therefore the support on proof of
concept and business model) while Round B is focus on​ development and
pilots. A project can not be in both stages at same time!*

*hope to have clarified your doubts.*


>
> Thank you,
> Marijan Supec
>
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>
>


-- 

Nuno Varandas

*Executive Coordinator of SOUL-FI* (*S*tartups *O*ptimizing *U*rban *L*ife
with *F*uture *I*nternet)

Instituto Pedro Nunes - Information technology and Systems Laboratory

Phone: +351 239 700 988; Mobile: +351 910 063 189; Skype: nvarandas

Website: soul-fi.ipn.pt; Twitter: @SOULFI_FP7
<https://twitter.com/SOULFI_FP7>; F6S: http://www.f6s.com/fiware-soul-fi
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