Frequently asked questions

REGARDING PROJECTS

  • What kind of projects can be presented?
    There is no restriction regarding the type of project, nor in the status in which it is in, although the integration with the MASMOVIL Group as a whole must be clearly defined. It is important that there is a team dedicated to the project, can, and will benefit of the advantages that MASventures can offer you.
  • Is it necessary for the project/business to be operating commercially?
    Not being an essential requirement, there must be the capacity to prepare a pre-commercial pilot with the MASMOVIL Group during the Program.
  • At what stages should the projects be?
    At a minimum, they must be projects with an MVP already defined, that are in a growth stage and in search of new opportunities.
  • What benefits does MASventures offer?
    The selected projects will receive the following benefits:

    • 4 months of Acceleration
      • Joint work to integrate the Project within the MASMOVIL Group.
      • In collaboration with the operational departments of the MASMOVIL Group
      • Access to experts involved in your area of ​​activity.
      • Between 6 and 8 Mentoring sessions (1.5 hours approximately).
      • Training, adapted to real needs.
    • Implementation of a pilot with MASMOVIL
      • Joint work to define, and implement a pilot in real test environments to be defined with the technical and / or operational team of MASMOVIL Group.
    • Investment Possibility
      • The MASMOVIL and Inveready Group have allocated funds to invest in projects that fit their portfolio and have been successful in the acceleration phase. The investment conditions will be jointly agreed between Investor and Invested.
    • Demoday
      • Opportunity to present the results of the Project in the Final Demoday of the Program, maximizing the visibility of the same.

PARTICIPANTS / TEAMS CRITERIA

SELECTION AND PARTICIPATION PROCESS

  • When can I submit my project?
    From the opening of the registration form to the end date of the registration period, projects can be submitted.
    Specifically, the form will be opened on the F6s platform, with the name of the “MASventures by Grupo MASMOVIL” program, on January 23rd, 2019 and will remain open until March 10, 2019 at 23:59.
  • How can the project be submitted?
    The presentation of the project will be done using the external platform F6s.
    The program is called “MASventures by Grupo MASMOVIL” and can be accessed through the following address: https://www.f6s.com/masventures-programa1/apply.
    Projects presented by other means will not be accepted.
  • Do I have to answer all the fields in the form?
    The form is designed to obtain the necessary information to evaluate the project.
    The form itself indicates which questions are mandatory and which are optional. As well as it allows the option of attaching an executive Summary or a company Deck.
  • In what languages can I submit the project?
    The questions of the form are in English but you can submit both the form and the additional information, in Spanish or in English without distinction.
  • Will the information provided be treated confidentially?
    Yes, those involved in the evaluation and selection process will treat the information provided exclusively for the purpose of the evaluation of the project.
    The “DATA PROTECTION” section of the Legal Bases of the program specifies the details of the treatment of the information provided and how to exercise the ARCO rights of the participants.
  • Is it necessary to have a business plan?
    It is not necessary to submit the business plan.
    Nevertheless, in order to evaluate the project it is necessary to have analysed the viability of the project as a whole as well as the possible integration with the MASMOVIL Group.
  • Once the project is submitted, what is the procedure?
    All applications received within the registration period will be analysed.
    First, it will be confirmed that they meet all the requirements for participation and that they accept the conditions set forth in these rules.
    Subsequently, an internal evaluation committee, made up of technical personnel appointed by the MASMOVIL Group, will analyse the Projects based on the criteria defined in the section “EVALUATION CRITERIA” of the Legal Bases, obtaining a classification of all the candidates.
    Any of the 50 projects, which have obtained the best score, may require new or different information in order to clarify or expand some aspect of their application, and may arrange personal interviews if the Evaluation Committee so require.
    The Evaluation Committee, together with the MASMOVIL Management Team, will select the five projects that are considered best to be integrated and achieve the objectives set in the Program.
    The Committee’s decision regarding the five selected projects will be known within the 7 days prior to the start of the acceleration period, and its decision is final.
    The five projects proposed as participants will be informed of this circumstance and to be confirmed they must sign an agreement of participation in which they are committed to participate actively in the Program, under the conditions set by these rules and that there is no circumstance that has changed.
    Finally, the five projects will enjoy during 4 months of the acceleration program of MASventures, they will present the results of the process in a Demoday that will be celebrated in October of 2019.
    The MASMOVIL and Inveready Group have allocated funds to invest in projects that fit their portfolio and have been successful in the acceleration phase. The investment conditions will be jointly agreed between Investor and Invested.
  • Why was my application rejected?
    Of all the projects presented, only five can be selected.

    The evaluation and selection committee will put all the attention and interest in detecting the viability and potential of each project. Both for the information presented and in subsequent interviews if there were, and should issue a score in which, unfortunately, there will be good projects that will be less rated than the five selected, according to the criteria set by the Legal Bases of the program.
    The decision of the Committee will be indisputable but the possibilities of relations with MASMOVIL will remain open, even strengthened by participating in the Program.

  • What legal requirements must I meet once I am admitted as a program participant?
    The five projects proposed as participants will be informed of this circumstance and to be confirmed they must sign an agreement of participation in which they are committed to participate actively in the Program, under the conditions set by these rules and that there is no circumstance that has changed.
  • What are the criteria for choosing projects?
    The criteria that will be used to evaluate the projects presented are the following:

    • Criteria for creativity and innovation
      • Advances in technology development.
      • Degree of innovation and differentiation of the business model compared to the existing competition.
    • Criteria referring to the entrepreneurial team
      • Clear competencies and capabilities for business success.
      • Team background.
      • Knowledge of the industry and/ or scope of the Project.
      • Commitment and dedication of the team with the Project.
    • Business criteria
      • Potential market and possibilities for growth and profitability in relation to the telecommunications market or complementary activities in a broad sense.
      • Expected return, additional investment and risk analysis.
      • Marketing method.
    • Economic impact and scope of the Project
    • International projection
  • Is it necessary to participate in the organized group sessions?
    Yes, the group activities are designed to advance the growth of the participating projects.
    The non-participation in the activities without justified reasons, can lead to the exit of the project of the program due to disinterest.
  • Will MASventures cover my transportation and accommodation expenses during the acceleration program in the event that I do not live in Madrid?
    No. MASventures will not cover the travel expenses nor the accommodation in Madrid of the participants during the duration of the program.
    However, a 1-day in-person dedication is expected every 15 days during the 4 months of the program.
  • Should my company assign a percentage of participation to Grupo MASMOVIL in the case of belonging to MASventures?
    No. MASMOVIL does not require participation in the companies of the projects that will accelerate in MASventures within the framework of participation in the program.
    After the Program, the possibility of investment by MASMOVIL and / or Inveready will be studied and all the conditions of the investment process will be jointly agreed between Investor and Invested.