2016 Start-Up Prize: Fnac partners with Intel to accelerate the development of 10 IoT start-ups

For the second year of the Start-Up Prize, Fnac is collaborating with Intel in an effort to accelerate the development of 10 start-ups in the area of the Internet of Things. French start-ups have until January 17 to apply for the Fnac Start-Up Prize. Ten start-ups will benefit from a personalized assistance program; three of these entities will sign a distribution contract with Fnac.

Ivry-sur-Seine, FRANCE, 2015-12-21 — /EPR Retail News/ — Groupe Fnac announces the launch of the 2016 Fnac Start-Up Prize.

A leader and precursor to the distribution of connected objects, Fnac has contributed to the success of some of the main French players in the Internet of Things (IoT). Since the roll-out of dedicated spaces in all of its stores as of 2013, it has not stopped innovating, broadening access to connected objects and their uses. Through this new Start-Up Prize, Fnac wishes to go even further, stimulating innovation and assisting in the growth of French start-ups in the sector.

To do so, Fnac has partnered with Intel, a world leader in microprocessors. Intel is at the heart of the Internet of Things, with increasingly small connectivity and hardware solutions, which are efficient and easy to access, in an effort to remove the obstacles that entrepreneurs wishing to enter this market could face. Together, they designed a twelveweek program to accelerate the development of 10 IoT start-ups, regardless of their level of maturity or prototype design, and through to the distribution of the end products.

The start-ups have until January 17 to apply on the dedicated page at www.prixstartupfnac.com

At the end of the program, three winners will be appointed by a jury made up of personalities from the IoT ecosystem. These three winners will sign a distribution contract with Fnac and will benefit from a dedicated marketing and sales plan.

Main stages of the Fnac Start-up Prize:

  • Through January 17, 2016 : application
  • From January 18 to February 15 : selection of the 10 start-ups for the assistance program
  • From February 15 to May 15 : assistance and mentoring of the 10 start-ups selected
  • End of May – beginning of June : selection of three winners by emblematic personalities of the IoT ecosystem

About Groupe Fnac – www.groupe-fnac.com: Groupe Fnac is a retailer of entertainment and leisure products and consumer electronics. A leader in France and major player in the countries where it operates (Spain, Portugal, Brazil, Belgium, Switzerland, Morocco, Qatar), Groupe Fnac had a multiformat network of 189 stores (including 115 in France) at the end of 2014, plus e-commerce sites, including Fnac.com, ranked France’s third most visited e-commerce site (close to 10 million unique visitors/month). A standard-setting omni-channel retailer, Group Fnac posted consolidated revenue of €3.895 billion in 2014 and employs 14,500 people.

About Intel – Intel, which is headquartered in Santa Clara, California, currently employs more than 100,000 people in 63 countries, and serves customers in more than 120 countries. Intel creates and produces a broad range of essential technology, including microprocessors and chipsets, as well as hardware and software solutions, and services which, together, are used as the foundation for numerous IT devices worldwide.

Press Contact: Laurent Glépin: +33(0)1 55 21 54 13 – laurent.glepin@fnac.com Alexandre André: +33(0)1 55 21 54 46 – alexandre.andre@fnac.com

SOURCE: Groupe Fnac