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Toyota Ventures Startup Competition 2022

Toyota Ventures Startup Competition

Applications are open for the Toyota Ventures Startup Competition 2022.

Are you the founder of a startup working on solutions to modernize manufacturing and enhance sustainable manufacturing? So here is the opportunity for the innovators to get their product or service in front of the Toyota to help make the future factory a reality sooner and jump-start their firm. Toyota seeks potential firms to develop technologies that will enable more competent, more flexible, and networked factories that will empower people while increasing efficiency and sustainability.

This startup competition offers a chance to receive $500,000 to $2 million in venture capital funding through the Frontier Fund or Climate Fund. Toyota ventures also collaborate with Toyota’s Manufacturing Project Innovation Center (MPIC), Toyota Research Institute, and selected companies. The 2022 Toyota Ventures call for innovation is an opportunity for early-stage companies to develop solutions to modernize manufacturing and advance sustainable production.

Toyota invites innovators to submit to the call if the company meets our investment thesis; startups have a working prototype and a viable business plan. They should not have more than $10 million in outside capital.

Here are more details about the Toyota Ventures Startup Competition

Deadline is May 31, 2022

  • Financial coverage: Fully Funded
  • Deadline: May 31, 2022
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    Eligibility Criteria :

    The innovators must meet the following criteria to apply for the Toyota Ventures startup competition:

    • Illustrate the solution; innovators must have a functional prototype.
    • The company should not have received more than $10 million in finance.
    • In addition, the startup business model meets market demand while also providing value to clients.

     

    Pitch Deck Guidelines:

    The Pitch deck must address the following:

    • How the solution addresses the problem described in the call for innovation.
    • Present traction and the market opportunity.
    • The competitive landscape and how their strategy differs.
    • The company’s financial performance and expectations.
    • New business models and go-to-market strategies for delivering value to customers are also important.
    • Company’s technology and how they’re using it to solve the problem.
    • In addition, the history and expertise of the founding team.
    • Also, if the startup has a history of funding, mention it.

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    Benefits :

    • The winner of this venture receives venture capital funds from Toyota Ventures through Frontier Fund or Climate Fund.
    • Receive capital funding of $500,000 to $2 million
    • Selected startups may also be allowed to work with Toyota on a proof-of-concept project.

    The following are the criteria for evaluating innovators:

    • Team
    • Technology
    • Business plan
    • Market entry approach
    • The influence that the solution will have on assisting people in the long run, among other things.
    • Toyota Ventures will also bring in subject matter experts from Toyota’s MPIC and TRI teams to help examine the startup’s technological capabilities and strategy.

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    Application Process:

    • Make sure to include a pitch deck in PDF format with no more than 12 slides.
    • Applications should only include information about the company that is permitted to release and should be submitted by one of the startup’s founders or someone authorized to apply on their behalf by the company’s founder.
    • Do not send any highly sensitive or confidential information.

     

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