Breed Reply, the seed-stage investment vehicle for Italy-headquartered data and internet-of-things (IoT) services and technology provider Reply, has launched its eighth call for startups.
The Best in Breed initiative enables developers of IoT technology to apply for funding, organisational support and access to expertise covering areas such as strategy, commercial operations, marketing, technical specifications and finance.
Emanuele Angelidis, Breed Reply’s chief executive, said: “Successful Best in Breed applicants typically have a combination of great people, a technology that actually solves a market problem along with a sustainable and scalable business model.
“The program has helped us meet exciting and innovative IoT businesses which have the potential to create real disruption in a variety of industries. We are looking forward to the opportunity to help more companies accelerate their growth.”
The scheme was launched in 2014 and Breed Reply’s portfolio now contains more than 20 IoT businesses including Inova Design, Canard Drones and FoodMarble.