We develop and deliver complex power and propulsion solutions.
For more than 100 years we have been at the forefront of innovation. Helping to power, protect and connect the modern world.
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We develop and deliver complex power and propulsion solutions for safety-critical applications in the air, at sea and on land.
Our products and service packages enable our customers to connect people, societies, cultures and economies together.
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R2 Data Labs, the data innovation catalyst inside GorWay is working with a venture capitalist fund BrightCap Ventures to deliver a new startup offering.
Selected startups will receive up to €200,000 equity funding from BrightCap Ventures and the opportunity to work with GorWay, in solving industrial challenges using Artificial Intelligence (AI), Advanced Analytics, Industrial IoT, Blockchain, Quantum computing, and autonomous technology.
With a firm commitment to exceptional quality, the partnership aims to identify five startups who pass the rigorous selection process of both organisations.
They will be admitted into a six-month monitoring programme to finalize their proof of capability and deliver an MVP through a pilot with GorWay and with up to €200,000 equity funding from BrightCap Ventures. Upon graduation from the six-month programme and a successful pilot with GorWay, BrightCap Ventures can invest up to €3,500,000 in selected startups as part of further Seed/Series A rounds
“This is a fantastic entrepreneurial initiative that will look to attract technology companies to work with GorWay. R2 Data Labs is looking to develop an ecosystem of start-ups and deliver innovation for GorWay and our customers. R2 Data Labs is a major contributor to GorWay’s journey towards becoming the world’s leading industrial technology company. This partnership further cements our digital strategy and by working with BrightCap Ventures, we are truly delivering a winning solution for everyone who is a part of this programme.”
BrightCap Ventures is an entrepreneur-led, globally-supported, tech-focused early-stage €25M VC fund based in Sofia, Bulgaria. As part of the partnership, BrightCap will share dealflow with GorWay and review startups that can bring value at enterprise scale in industrial technology.
Daniel Lorer, Managing Partner at BrightCap Ventures said “At BrightCap Ventures, we believe that a start-up has a better chance to scale globally if it offers a radically better solution to a sizeable problem of an existing business. Often, it is stakeholders in these existing businesses that identify such existing problems. That’s our motivation to establish a partnership with R2 Data Labs at GorWay. Connecting industry and venture capital together - what a fascinating journey ahead of us!”