Poznan Science and Technology Park (PSTP), the first technology park in Poland, operated by Adam Mickiewicz University Foundation has just found a new investor for uBirds, a startup that can turn your classic watch into a smartwatch.
uBirds is an extremely interesting project. If you prefer traditional watches but would still like to be able to use the smart functions, they’re the people to go to. They’ve created Unique watch bands that will allow you to upgrade your watch without changing the look you like. Unique’s motivation system will monitor your activity, measure steps and burned calories and you’ll be able to access all the info in their app. With Unique you can get all the notifications from your mobile thanks to NFC tech; you’ll be able to reject a call without taking your mobile out of your pocket. You’ll never lose your phone again thanks to loss prevention settings. You can upload your office card or gym pass and have them always with you.
The PSTP seed capital has been founded in 2011 in the InQbator Seed – InQbacja project to fund biotech, chem and ICT startups. In the beginning of 2016 they sold PhotoHiTech Sp. z o.o. to Capital Group Synthos SA, one of the largest manufacturers of chemical raw materials in Poland.
“In 2011-2014 we invested in thirteen biotech, chem and ICT startups. We invested almost 8 million PLN in a dozen projects. Now it’s high time we had some new investments,” says Piotr Nędzewicz from PSTP Seed Capital.
Now, with the funds received from selling PhotoHiTech and uBirds, PSTP is ready to invest in new innovative companies that deal with chemistry, biotech or ICT. They’ve opened applications on their website for all entrepreneurs who have some experience in managing their business and aren’t afraid of operating on global scale.
“We’re especially waiting for applications from those entrepreneurs and scientists, who are planning to run their business, they know the market and are conscious of the competition and their strengths, and above all else they [the entrepreneurs] are working on completely new solutions and that’s why they’re looking for an investor,’ says Katarzyna Wlaź from PSTP Seed Capital.
The startups that get chosen by the PSTP Seed Capital will develop their ideas rapidly working with their project’s coordinators and finance, economics, intellectual property and tech transfer experts. However, it’s not until the product is tested, the final decision to set up an SPV is made.
The applications are open till 28th Feb. If you are interested, you can go here to apply. It’s definitely worth your while as you’ll have a chance to get some funds and get interesting partners who will help you improve your idea and turn it into a profitable business.