Frequently asked questions

What is Startup the Future by Galp Upcoming Energies?

Startup the Future by Galp Upcoming Energies is an open innovation program created by GALP, and powered by Beta-i. It focuses on the challenges of Electric Mobility, Renewables & Energy Management, Production & Operation, and Social Impact areas. Connects the best startups in these areas, with the company's internal stakeholders.

What does my Startup have to gain specifically from this program?

Accelerating Opportunities: boost your business while talking with our specialists.
Pilot with Galp: Get the chance of regenerating the future with us.
50.000 euros Monetary Prize: Get the opportunity to earn financial compensation.
One week in Portugal with full expenses paid: Two days in Porto for the Demo Day in Matosinhos Future Hub, and five days in Lisbon to attend and pitch at Web Summit.
Web Summit Pitch: Be able to Pitch your idea among the biggest Startups and Enterprises in the World. Full access to all days of the event paid by us.

In which stage should startups be in order to apply?

We’re looking for startups that have at least an MVP, ready to develop a PoC.

In what language will the program be conducted?

Startup the Future by Galp Upcoming Energies Program's official language is English. This is an international program looking for worldwide startups.

Where will the program take place?

Startup the Future by Galp Upcoming Energies will be mostly online (pitch days and modules), with a physical Demo Day and presence at Web Summit Lisbon 2022. This may be subject to changes, due to the covid-19 pandemic. All information will be communicated in advance.

Who needs to attend?

For the Online Pitch (Evaluation phase), one person will be required to pitch the startup and solution. It is important to have a team member that can address all questions from the program members. For the Modules, we advise at least two team members of your startup, one business-oriented and another more tech-oriented to be able to cover all types of conversations in the 1-on-1 sessions with Galp.

Do you take equity in the participating startups?

Startup the Future by Galp Upcoming Energies is a pilot-focused program that aims to foster collaboration between startups and corporations, therefore no equity is taken.

What are the selection criteria?

The selection process will be managed by Beta-i Brasil and GALP. A team of evaluators will be focusing on your product, team, market, and business model, and will even be counting on their gut feeling and experience from previous Open Innovation programs.

If my startup is selected, what are the next steps?

If your startup is pre-selected after the online applications (F6S), you’ll be invited to each Module Online Pitch. Afterward, the selected startups will be invited to take part in specific Modules and the startups with the best fit with the partners might move forward to Piloting Development. Top 8 startups will be invited to join program members in Portugal for the Demo Day and Web Summit.

Can I apply with more than one startup?

Yes, definitely. You can apply with as many projects as you believe would fit and benefit from the program. Each startup will require its own application.

Can I apply to more than one track/challenge?

Yes, indeed.