_who should apply?
Any startup or company from anywhere in the globe, willing to carry out a real pilot with commercial products or services, in collaboration with MAPFRE‘s business units. We look forward to partnering with startups or companies at an early or advanced stage, who will have the opportunity to take out the most from our program.
We look for Creators, Builders and Boosters, the core pillars of insur_space.
Early stage startups or entrepreneurs with a prototype or MVP, willing to accelerate growth and speed up their solutions through an innovation program with one of the main players in the insurance sector
Startups with a validated MVP or a market-ready solution, with some market traction and looking for the next development stage, willing to collaborate with MAPFRE’s ecosystem and ready to scale their companies at an international level
Mature startups who have a commercial product, solid market traction and who are looking for further development within MAPFRE, which may require an adaptation of their solution
_what do we offer?
The startups and businesses participating in our innovation program will have the opportunity to access a unique set of resources such as:
Mentoring with MAPFRE’s network of experts and the world of insurance;
Access to real data provided by MAPFRE for the pilots;
Possibility of developing pilots in the countries where MAPFRE is present and integrate new ideas / solutions in their business areas;
Pilot assessment and advisoring by MAPFRE’s top management team;
Further collaborations and funding at the end of the program, through the different financial instruments available within the corporation;
A workspace in an innovative and inspiring environment in the city of Madrid during the program
_how does it work?
We provide advisory and mentoring throughout the entire program, along with access to the right resources, data and knowledge to ensure each project meets its objectives.
The program starts with an Application and ends 4 months later with a Demo Day in front of MAPFRE’s top management and strategic partners who will assess each one of the pilots developed, in terms of results, impact and fit achieved within the corporation.
All applications are to be sent via the competition platform.
Deadlines for each acceleration program are:
• Fall Program: September 15th, 2018
• Spring Program: January 15th, 2019
Applications will be sent to experts who will assess all projects according to different aspects relevant to the program.
We will then select the most suitable candidates to develop the pilots within the corporation.
Startups will meet the sponsors and mentors of the program to define objectives, methodology and timings.
We will focus on the best way to conduct all pilots during the program.
Startups begin to work in the program (mentoring, pitch days, events, speed dating with entrepreneurs and investors, etc).
pilot and testing
Startups begin to work on the pilots in our hub and together with MAPFRE’s team. Ongoing activities, workshops and events with mentors and experts will take place along the process.
At the end of each pilot we hold a demo day to evaluate the success of each program.
After the demo day, MAPFRE’s committee will review the results of each one of the pilots and decide future agreements with the startup.
If you are an established startup and want to take your project to the next level with insur_space, we'd be happy to hear from you. Fill out the form and we’ll be in touch as soon as we can.