Conditions of Participation
Young, innovative companies with ambition and potential for growth are key for the economic and social development of the territories. Their contribution is not limited solely to generating wealth and employment, but also to creating knowledge and developing technology and solutions for new societal challenges and needs.
These young, innovative companies face great challenges related to product development, negotiations, and market access in their first stages. To face these challenges, the companies need not only specialised financing, but also expert guidance that will help them to develop their potential and improve their capability to attract investors and clients.
To that end, through “CaixaBank”, we contribute to the development of young, innovative companies with high growth potential, providing them with financing and expert guidance in their first stages and in their later growth through DayOne, the CaixaBank service for tech companies and investors.
Furthermore, through the EntrepreneurXXI Awards, we identify, recognise, and provide guidance to recently created, innovative companies with high growth potential. The EntrepreneurXXI Awards aim to drive companies that have taken their first steps, allowing them to accelerate their growth process and global expansion.
Since the awards were founded in 2007, we have provided guidance to 360 companies that have been winners in the various editions. The EntrepreneurXXI Awards have also had the support of over 135 entities that have been joining the initiative as co-grantors, co-organisers, or collaborators, and more than 200 businesspeople, investors, and representatives of companies linked to the venture who have participated annually in the 50 committees and juries held throughout Spain and Portugal.
New sector categories have been created for this thirteenth edition in order to encourage development in the areas of interest to be promoted by the co-grantors.
2. EntrepreneurXXI Awards. 2019 Call
The CaixaBank group, through CaixaBank DayOne, has opened the call for applications for the thirteenth edition of the EntrepreneurXXI Awards to identify, recognise, and provide guidance to recently created, innovative companies with high growth potential in Spain and Portugal.
The EntrepreneurXXI Awards are co-granted with the Ministry of Industry, Commerce, and Tourism through Empresa Nacional de Innovación S.M.E., S.A. (ENISA) in Spain and Banco BPI in Portugal and have the support of leading entities involved in the support of the development of innovative companies.
The EntrepreneurXXI Awards seek to identify young, innovative companies which, after having had some initial successful results, have an ambitious growth plan ahead of themselves and need resources to carry out their plan.
Participating companies may choose from among the following awards:
- Awards to companies with high impact in their territory. All companies in a territory may opt for this award regardless of their sector. This award is co-granted in Spain with the Ministry of Industry, Commerce and Tourism and through ENISA in Spain and with Banco BPI in Portugal.
- Award to the companies with high growth potential in the Agrofood, Mobility, Senior, Impact, Health and PropTech sectors. . Participating companies whose activity is linked to one of these sectors may choose to apply for the sector award.
In addition to a financial contribution, the winning companies will take part in an international business development programme. The organisation reserves the right to increase the contribution in kind for the awards via agreements with third-party collaborators. If this occurs, this will be reported on the EntrepreneurXXI Awards website and its social network channels.
3. Participation requirements
In order to present an application for the EntrepreneurXXI Awards, candidate companies must meet the following requirements:
- Be companies incorporated as a profit-seeking legal entity (S.A., S.L., Employee-owned companies, Cooperatives, Business Partnerships) and have a tax residence in Spain or Portugal.
- Have started their activity subsequent to 01 January 2016.
- The founding members must lead the company, hold a majority shareholder percentage and work principally in the company, as well as have experience in the sector and the aim to create teams.
- The Regional Award is intended for innovative technological micro-enterprises and SMEs from all sectors, broken down by territory.
- The Sector Award is intended exclusively for micro-enterprises and SMEs from the following sectors:
- AgroFood: Technological solutions related with agriculture and livestock production, technology and products for the agrofood industry, the transformation and the creation of agricultural and food products to be able to establish more efficient, effective and sustainable production in the food and agricultural industry.
- Health: Technology applied to medicine to help to improve the quality of life. Solutions in the field of therapeutics, diagnoses, and development of medical technologies. E-health.
- Senior: Technology that allows older individuals (the silver economy) to actively participate in all the areas of social life, improving and developing the quality of life in terms of personal assistance, health, or any other aspect related with this sector of society.
- Mobility: Solutions and digital platforms that provide solutions for vehicle financing and hire, multi-mobility or mobility as a service solutions, subscription models, connected/automated car, recharge/energy points, payment solutions related to mobility, mobility providers, used vehicle and after-sales platform.
- Prop Tech: Companies that combine a technological component with contributing value to the real estate market. Technological solutions (Market Place, Big Data, Investment, Software, Property Management, Financing, Visual Start-Ups, Peer to peer, Smart Home) focused on improving any service within the property sector from property purchase, rental or sale activities to construction or maintenance services.
- Impact: The goal is to provide tools, services and support mechanisms in technology- based innovative solutions linked to social purposes, environmental impact, sustainable development, job placement and encouraging diversity, etc.
The call is intended for technological and digital companies, with a high growth potential and scalable and innovative business models, with innovation understood in a broad sense (product, processes, business model, etc.
The following are explicitly excluded:
- self-employed individuals or freelancers
- companies considered “large companies” according to the European Commission, i.e., companies that have more than 250 employees and have more than 50 million Euro in annual revenue or whose annual balance sheet exceeds 43 million Euro, or companies that have more than 25% of their capital held by one or more companies considered “large” according to the definition above.
Companies that have been awarded in previous editions may not compete for the same award, but they can apply for and compete in other categories and for the second prizes.
4. Candidate application
Candidates may only apply for the Awards exclusively online through the website of the EntrepreneurXXI Awards, which will have a link to access the candidate registration platform. The website for the Awards is: http://www.emprendedorxxi.es/en/.
More specifically, candidates must:
- Fill in the application form, and
- Attach the documentation that accredits that the application meets the terms and conditions,
the rest of the mandatory information, as well as the optional information that may be considered suitable.
The candidate application period ends on Wednesday, 04 December 2019 at 06:00 p.m. (all times are listed in GMT+1).
The organisation reserves the right to change the opening and closing dates of the candidate application period. If this occurs, it will be reported on the EntrepreneurXXI Awards website and its social networks.
5. Evaluation criteria
The following criteria will be taken into account when evaluating candidates:
- Team: Commitment, dedication, and risk assumed by the entrepreneurial team; suitability of the team’s experience/training to the needs of the business; composition of the team and capacity to attract talent; motivation; existence of Boards of Directors and the profile of the experts, the founding teams shareholder percentage in the company, etc.
- Business model: Value chain and monetisation of the business model; competition analysis; capacity to attract customers; commercial and marketing plan; potential and capacity for globalisation; capacity or probability of having the necessary resources to implement the business plan; internal and historical coherence of financial projections, etc.
- Ambition: Size and growth projection of the accessible market; scalability; existing and expected competition; concentration of customers; ambition and strength of sales projections; expected gross margin; job creation, etc.
- Innovation: Level of innovation of the product or service; suitable analysis of customer needs; competitive advantages and barriers to entry; positioning with respect to competition, suitability of its proposed value to the transformation and impact in its sector, etc.
- Historic: Revenue and/or financing achieved; results obtained with respect to the resources employed, etc.
For the Awards to the best company in its territory, in addition to the criteria above, the company’s link to and impact on the territory will be evaluated.
6. Selection process
Graphic. EntrepreneurXXI Awards selection process
Evaluating and scoring candidates
- Eligibility analysis. The candidates are reviewed once the application period closes. This review centres on confirming that the candidates match the profile of the target company for the Awards and that they meet the participation requirements detailed in these terms and conditions, especially with regards to its innovative component. Candidates that do not match the participation requirements are discarded from the process.
- Scoring. Applications are reviewed and scored based on the information provided in the application form and the attached documentation. The applications are evaluated remotely by independent evaluators who score them based on standardised evaluation tables that include more than 20 criteria.
- Creating the rankings. Once the initial evaluation process is finished, the candidates are sorted by score and different rankings are generated by territory or sector, which are then sent to the corresponding selection bodies.
Selection process for territory awards
- Technical Committees: The Technical Committees are composed of representatives of the co-grantors of the EntrepreneurXXI Awards and of the organising bodies and collaborators from each territory who are experts in analysing companies. The Technical Committee analyses the candidacies submitted, the scores granted, and selects which companies will present before the regional Jury. In some cases, the Technical Committee may request the presentation and defence of the candidate by the competing company and organise pitch preparation sessions for the finalists. Attendance to these sessions, if organised, is mandatory to remain in the process.
- Juries and award ceremonies: Juries designate the winning company from each community. Regional Juries are formed by members representing the co-grantors, institutional representatives, investors, prestigious entrepreneurs, successful entrepreneurs, and former winners of the EntrepreneurXXI Awards. The jury is presided over by CaixaBank. The Jury requires that the competing company present and defend the candidate. Furthermore, they may organise pitch preparation sessions for the finalists. Attendance to these sessions, if organised, is mandatory to remain in the process. The Jury’s decision cannot be appealed and will be made public during the EntrepreneurXXI Awards ceremony, which may take place that same day or on a later date. The Awards Ceremony will take place during the DayOne Innovation Summit in the territory. All participants who have been designated as finalists commit to attending the ceremony. The award ceremonies will be held in the first quarter of 2020, and the exact dates will be published on the Awards website (http://www.emprendedorxxi.es/en/).
Selection process for sector awards
- Evaluation Commission: The Evaluation Commission is composed of representatives of the organising entities and co-grantors specialising in evaluating companies and selects which companies in each sector will move forward to each Technical Sector Committee.
- Technical Sector Committees: Technical Sector Committees are composed of leading professionals in the industry and sector, specialist investors, and institutional representatives. The Technical Sector Committees (one per sector) will be held in April 2020 and will select the winning company and two finalists in each sector. The companies will present their candidacy before the Committee in a pitch format plus a round of questions. Prior to this, the Committees will organise training sessions for the finalists. The failure to go before the Committee or to attend the preparation sessions entails exclusion from the selection process.
- Sector Jury and Award Ceremony: The Sector Jury confirms the winning company and the two finalists for each sector selected by the Technical Committee. The Jury is made up of the highest representatives of the organising entities, co-grantors, experts, and leading entities in supporting young, innovative companies. The Jury will meet in April 2020 (place and time still pending confirmation) on the day following the Technical Committees. The Jury’s decision may not be appealed and will be published during the Award ceremony that will be held later, and which will take place during the DayOne Innovation Sector Summit, in Barcelona.
General aspects of the selection process
The organisation reserves the right to modify any date for the committees, juries, or awards ceremonies included in these terms and conditions, as well as to adjust the procedure in the selection process if deemed necessary. If this occurs, it will be reported on the Awards website (http://www.emprendedorxxi.es/en/) and by email to the organising and collaborating entities.
In the event that the quality of the candidacies is not considered sufficient, the organisation may modify the number of candidacies that pass a phase or which move forward to the corresponding committees and juries, or it may declare the award forfeit.
The travel and accommodation costs of the companies that are called before the Committees and Jury for the sector awards are borne by the organisation (1 representative per company).
Through the EntrepreneurXXI Awards, we wish to contribute decisively to promoting companies. Therefore, apart from financial contributions, the awards offer business development programmes and actions to increase the companies’ visibility before key partners for their future.
All participating companies may choose from among the following awards:
To companies with high impact in their territory
The 17 winning companies in Spain (1 winning company in each community) and the 2 winning companies in Portugal (1 winning company in each region) will be recognised as the companies with high growth potential in their territory and will receive:
- A financial contribution of €5,000€ 1.
- Access to an international development programme.
To the companies with high growth potential in the sectors of AgroFood, Health, Senior, Impact, PropTech and Mobility
The 6 sector-winning companies (1 winning company from each sector) will be recognised as companies with high growth potential in their sector and will receive a financial contribution2:
- €15,000 to the winner in AgroFood
- €15,000 to the winner in Health
- €15,000 to the winner in Mobility
- €15,000 to the winner in Senior
- €15,000 to the winner in Impact
- €15,000 to the winner in PropTech
The 6 winning companies (1 winning company in each sector) and the 12 finalists (2 companies in each sector) will have access to an international business development programme.
International business development programme
In addition to the financial contribution for the award, the 19 companies that win the territory award, the 6 companies that win the sector award (1 company in each sector), and the 12 sector finalists (2 companies from each sector) will have access to an international business development programme.
The companies will have to fill out a request that will be evaluated by a selection committee made up of representatives from the ESADE Business School. This committee will select a maximum of 15 companies that will enjoy an exponential international development programme organised by ESADE in collaboration with Singularity University in Silicon Valley3 which will take place in July 2020.
All other winning companies or finalists not selected for the international programme in Singularity University may access the Ignite Fast Track international course from the University of Cambridge.4
International support and second prize in innovation
The EntrepreneurXXI Awards relies on the support of different international entities. The information on this topic will be reported on the awards website (www.emprendedorxxi.es/en/) and its company channels.
The EntrepreneurXXI Awards relies on the support of the Israeli Embassy in Spain and the Ministerio Adjunto e da Economia de Portugal.
Furthermore, the Agência Nacional da Inovaçao de Portugal, through the BFK Awards, gives out a second prize for innovation which includes a €5,000 prize to a Portuguese company.
To grant the second prizes in innovation, the evaluators will assess the value contribution and the disruptive capacity of the proposed innovation, with innovation being understood in a broad sense (technology, business model, processes, sales channel, etc.).
The promoters of the EntrepreneurXXI Awards will submit candidates that opt for the second prize to the entity that grants this prize, which will select and propose the winning company. The entity also reserves the right to declare the second prize forfeit. The entity granting the second prize may request additional information and perform interviews, whether in person or over the phone, with the candidate companies.
The sector Jury of the EntrepreneurXXI Awards will announce the winning company of the second prize based on the proposal of the entity granting it. The Jury’s decision may not be appealed and will be published during the Award ceremony to be determined jointly with the entity that grants the second prize.
DayOne Open Innovation Programme
The EntrepreneurXXI Awards, through CaixaBank DayOne, will launch the “DayOne Open Innovation” programme in the last quarter of 2019. The aim of this programme is to select a company from each sector vertical in which the challenge will be to carry out a pilot programme with a CaixaBank group business line. The company selected from each sector will receive €15,000 to carry out a pilot project with CaixaBank.
The legal terms and conditions to participate in this programme will be published on the DayOne website (www.dayonecaixabank.com) and the EntrepreneurXXI Awards website (www.emprendedorxxi.es/en/). DayOne and the EntrepreneurXXI Awards will inform the companies participating in the EntrepreneurXXI Awards when this call opens, which they can apply for if they meet the participation requisites.
8. Formal aspects
The awards are formally granted by Caixa Emprendedor XXI S.A., co-granted by Empresa Nacional de Innovación S.M.E., S.A. (ENISA), the Ministry of Industry, Commerce, and Tourism in Spain and Banco BPI in Portugal, and managed by CaixaBank SA. through DayOne, its division for technological companies and their investors.
The confidentiality of the candidacies submitted will be guaranteed throughout the entire process. In any case, their general characteristics may be disclosed along with, in due time, the name of the winning projects, their logo, their activity and main achievements, as well as the members of the promoting team.
Caixa Emprendedor XXI S.A.U. states that:
- a) They will not have access to personal data for the management of the Awards except for data on the representatives of the participating company that are recorded in the Awards.
- b) Data on the representatives of the legal entities.
Data on the representatives will be processed in order to manage these Awards and, where applicable, to comply with regulatory obligations imposed on Caixa Emprendedor XXI S.A.U. Once the period of validity expires, the data will be kept (as indicated in the regulations) for the sole purposes of complying with mandatory legal obligations and for the formulation, exercise, or defence of claims for the prescription period of actions derived from this Contract.
The data holder may exercise the rights in accordance with the applicable legislation through the following website:
- Regarding EmprendedorXXI: www.caixabank.com/ejerciciodederechos.
Finally, the contact details for the Data Protection Officer are:
- Regarding EmprendedorXXI : www.caixabank.com/delegadoprotecciondedatos.
Furthermore, they may direct any claims derived from the processing of their data to the Spanish Data Protection Agency (www.agpd.es).
Caixa Emprendedor XXI S.A.U. collaborates with business schools and universities in generating the relevant knowledge on the state and growth of entrepreneurial initiatives with high growth potential in Spain starting with the information generated through the EntrepreneurXXI Awards. To this end, Caixa Emprendedor XXI S.A. discloses the data solely for research purposes, the publication of aggregated and anonymised results and excludes any personal information.
Advertising the nominations for the awards
The winning and nominee companies may advertise this status on their letterheads, announcements, and reports, specifying the year in which they were awarded and if they are winning or nominated companies, as well as publishing or broadcasting the granting of the Awards in any communications media.
The organising and granting entities will advertise the companies that win and are nominated with the due relevance in the national and/or regional media they consider most appropriate and on all platforms which request examples of excellence and best practices in the field of innovation.
Acceptance of the terms and conditions
Participation in the Contest implies the full acceptance of these terms and conditions, the interpretation of which corresponds to the Jury corresponding to each phase.
Any breach of the deadlines or procedures reflected in these terms and conditions will result in the loss of the ability to participate in the awards.
1 All awards are subject to any corresponding withholdings and tax payments that may apply. It is the responsibility of the winner, in any case, to declare the award appropriately in the tax to which they are subject. The prize money will be paid via transfer to a CaixaBank or BPI checking account owned by the winning company.
2 All awards are subject to any corresponding withholdings and tax payments that may apply. It is the responsibility of the winner, in any case, to declare the award appropriately in the tax to which they are subject. The prize money will be paid via transfer to a CaixaBank or BPI checking account owned by the winning company.
3 This includes registration for the course, as well as the travel and accommodation expenses. Only one of the founding partners or the CEO of the company may attend. Attendance to the course is conditioned upon properly registering and passing the admissions process for the programme itself. The call for the course, as well as the acceptance of a participant therein, is the sole responsibility of the organisers and not the promoters of the EntrepreneurXXI Awards, which decline any responsibility for modifying the dates or a winner not accepting the course and will not offer any compensation or alternative prize in that case.
4 This includes registration for the course, as well as the accommodation expenses. Only one of the founding partners or the CEO of the company may attend. Attendance to the course is conditioned upon properly registering and passing the admissions process for the programme itself. The call for the course, as well as the acceptance of a participant therein, is the sole responsibility of the organisers and not the promoters of the EntrepreneurXXI Awards, which decline any responsibility for modifying the dates or a winner not accepting the course and will not offer any compensation or alternative prize in that case. Further information can be found at: https://www.jbs.cam.ac.uk/entrepreneurship/programmes/ignite/