ISTOBAL open innovation START-UP program

ISTOBAL in Brief

ISTOBAL is a leading company that develops, manufactures and market solutions for the vehicle wash and care industry. Our products are sold worldwide.

With Headquarters in Valencia, Spain, ISTOBAL is present in more than 75 countries and employs more than 900 associates. At present, international sales represent 80% of the company’s activity.

ISTOBAL has managed to preserve its essence as a family-owned business - currently in the third generation - while running a multinational corporate group with 10 subsidiaries and 3 manufacturing plants in Europe and America.

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The Challenge

The automotive industry evolves to more complex scenarios where mobility, connected cars, electric vehicles play an important role. Vehicle interiors and exteriors will not be the same as we know them today and we want you to revolutionize the way we understand cleaning cars.

We look for start-ups, Universities, teams, spin-offs… to co-create a solution capable to vacuum, disinfect and/or clean all kind of complex surfaces using robotics, AI, AV, Machine Learning, AGV, Chemicals or any other means you have explored and you would like to share with us

Where

ISTOBAL
L'alcudia, Valencia Spain

When

from 3rd Feb to 31st May 2020

What do we offer

Depending on the origin and size of the start-ups, help with you travel expenses for the Selection Day (3 to maximum 4 members)

During the program, the 2/3 selected start-ups will enjoy

Acceleration

≈17 weeks acceleration program (from 3rd Feb to 31st May 2020)

Space

Free office space, at our headquarter in Valencia

Reward

Up to 10.000€ per team to fund the process of develop, adapt, validate and implement your Proof Of Concept

Scalability

Potential carry on to implement and scale concept, for which we can be your customer and be helping you to grow your product offerings

Equity

Interest in taking equity %

Accesibility

Access to our Innovation Lab, our prototype and manufacturing workshops and our testing area Access to our R&D and Manufacturing experts

Additionally, during the acceleration program you will benefit from

Workshops
Workshops following our Design Thinking methodology to generate concept and product offerings

Networking
Networking and mentoring with subject matter experts

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Time Frame

Here is our event schedule

Check the dates about our open innovation start-up program

Submission period

September 1st, 2019 – December 15th, 2019

Selection Day

January 16th, 2020

Acceleration Program

February 1st, 2020 – May 31st, 2020

Team

Yolanda Tomás

CEO

Rafael Tomás

CEO

Benjamin Lorente

Product & Innovation Director

Elena Buendia

M&A

Juan Luis Hortelano

Advisor

Rubén Colomer

Program Co-ordinator