IMPACT Accelerator

IMPACT Accelerator, based in Madrid, Spain, operates as a unique hybrid entity, combining elements of a venture capital firm with an accelerator model, primarily focusing on early-stage startups undergoing digital transformation and deep tech innovation. Its mission is to empower entrepreneurs, enterprises, and institutions to thrive in the digital era. A distinctive feature of IMPACT Accelerator is its significant reliance on European Commission funding, which enables it to provide substantial equity-free grants to its portfolio companies, distinguishing it from traditional equity-only VC funds.

Since its inception in 2014, IMPACT Accelerator has played a pivotal role in the European startup ecosystem, having accelerated over 200 startups across various specialized programs. These programs include initiatives like IMPACT Growth, IMPACT Connected Car, IMPACT EdTech, and IMPACT Smart Cities, each targeting specific technological or market verticals. Through these programs, the accelerator has collectively distributed more than €20 million (approximately $21.6 million USD) in funding, demonstrating its commitment to fostering innovation without immediately taking equity.

The typical first funding provided by IMPACT Accelerator varies depending on the specific program, ranging from approximately €60,000 (around $64,800 USD) for programs like IMPACT Connected Car, up to €250,000 (around $270,000 USD) for larger initiatives such as IMPACT Growth. While this initial funding is generally equity-free, the accelerator also indicates the potential for follow-on investments, suggesting a more traditional equity-based engagement for later stages or select high-potential ventures. This model allows startups to grow without immediate dilution, providing crucial early-stage capital.

IMPACT Accelerator's strategic focus on deep tech and digital transformation aligns with broader European initiatives to enhance technological competitiveness. By supporting a diverse array of startups across sectors like IoT, AI, smart cities, and education technology, it contributes significantly to the development of innovative solutions and the scaling of promising ventures within the European Union and beyond. Its approach provides a valuable pathway for nascent companies to secure initial capital and mentorship, preparing them for subsequent growth and investment rounds.