MATCH Startup Program
Sourcing HW startups from the EU for AQ Anton
The challenge
AQ Anton is an engineering & production company part of AQ Group AB, producing 30 tons of recyclable technical plastics each year that they would have liked to use as part of a non-financial, non-equity investment into an HW startup, also filling in the knowledge gaps in engineering, production, and other operational areas in order to assist in the launch of the final product to the market.
The solution
Through our MATCH Startup Program, we designed and managed scouting, communication, and the selection process, using our proprietary IT system, while providing strategy consulting to AQ Anton, and also supporting the execution of BootCamp.
The result
Using the vast network of XO.company, 50 relevant startups have been invited to the application process from all over the EU, and 3 of them have been pre-selected by AQ Anton to join the intensive BootCamp at the factory. The winning startup has received a contract for revenue-sharing-based plastic production.
Using XO.company’s resources to gain tangible results with startups
Consultancy
All phases of the program were fully adapted to the industry and business context of AQ Anton. Throughout the execution of whole the program, AQ Anton was supported with strategic consulting, with a special focus on the selection process.
Proprietary IT software
We used our software to manage the scouting and application process, collect data, evaluate the applications, and maintain communication with all the stakeholders.
Network activation
We used our vast global network of innovation ecosystem stakeholders, industry experts, founders, and lobbyists, built over the 10 years of history of XO.company’s owned innovation program, the Global Startup Awards, which is the world’s largest independent startup ecosystem competition.
Outbound channels
Besides our huge network, we also utilized our online communication channels that have an average yearly reach of 20M.