The Startup Next Program came to an end last Friday, Dec 12 with the concluding Demo Day. The 6 startups participating pitched at the Mobile World Centre in front of an audience formed by itnig’s investors, local business angels, entrepreneurs and other curious minds involved with Barcelona’s entrepreneurial ecosystem .

The Demo Day was the final step after 5 intensive mentoring sessions, where teams found their way to product/market fit and received tips & tricks on how to talk and convince investors. The winners, Foot Analytics, WeFitter and UpVideo were the most investment-ready teams, those who had the most scalable products and those who demonstrated the highest commitment to improve their product during the whole program.

The three startups from Barcelona are eligible to win a trip to Silicon Valley. Of course they are not the only eligible ones: this Fall the program has taken place in 15 cities with 102 participating startups. Every city will nominate 2 startups, but only 15 of the 30 nominated ones will get the chance to travel to the Valley.

The program is an initiative of Up Global, and it will be their judges who decide which of the nominated startups are the winners of the trip to Silicon Valley, which will take place early next year.

This is the 2nd edition of the Startup Next program that has been voluntarily organized by itnig. The program wouldn’t have been possible without the invaluable support of well known community members who have contributed as speakers and mentors throughout both editions.

At the beginning running a startup is difficult, there are many decisions to make and many possible directions to go in and in most cases the entrepreneurs lack the mindset, the skills and the tools to narrow the options and pin down their business models. We organised this program to help startups who are maturing, but not yet ready to convince investors nor accelerators to come onboard.

We know there are lots of entrepreneurs in Barcelona engaged in good projects and have the right attitude and determination to make them grow. This is why we believe in the contribution that this program is making to the startup community in Barcelona, and we are happy to help running it in our offices.

It is also very rewarding to see how the teams take advantage of every session and how the mentors also find it fulfilling and a very tangible way to give back to the community.

It is not defined yet when the next edition — Spring 2015 — will take place. But we will keep you informed. We will also let you know if Foot Analytics, WeFitter or UpVideo (or all three!) cross the Atlantic next year.

> Find here all the info about the Startup Next Fall Edition 2014
> Find here all the info about the Startup Next Spring Edition 2014

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W.

WeWork running out of cash & Faraday on bankruptcy

This is the Newsletter shared on the 21st of October. If you wish to receive newsletter faster, you can subscribe here: https://itnig.net/newsletter ​​

Hi entrepreneur,


After raising €25M, Bnext is opening a new… crowdfunding round! The neobank is quickly growing like many other fintech startups. Don’t lose count and check out the European unicorn landscape.

On the other side of the spectrum, the once-claimed Tesla competitor Faraday files for bankruptcy. Other manufacturers are racing to capture the growing electric vehicle opportunity.

Of course, WeWork also had its show time this week as we got to know that it might run out of cash by mid-November. Oh, and totally unrelated, if you are thinking of changing offices, check out our options available at Itnig😜

– Itnig’s team

Podcast #111: How to boost your startup growth with Glovo and Ulabox

In this week’s podcast, Glovo and Ulabox are two companies having a business model based on a big number of operations. On the one hand, Ulabox is an online supermarket that stocks and ships items everywhere in Spain while Glovo is an on-demand courier service.

In this episode Eduard Cabanas (CFO at Ulabox) and Eduard Ros (CFO at Glovo) answer topics like how to get your company ready to rapidly grow and which metrics to pay close attention to keep on the right path.

This week’s podcast is brought to you by Factorial, the HR software that does all the heavy work for you. Start now managing your company with advance reports, time & attendance signing and muc more!

New funding for startups