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Polish Corporation ORLEN Calls on Korean Startups for Accelerator Program

by KoreaTechDesk Writer
March 15, 2024
in Programs
0
ORLEN Skylight Accelerator

ORLEN Skylight Accelerator

In a bid to foster global innovation and collaboration, ORLEN Group, one of Central and Eastern Europe’s most prominent multi-energy conglomerates and Rebels Valley, a leading Polish business consultancy, is reaching out to Korean startups for its leading accelerator program.

The ORLEN Skylight Accelerator is an initiative that opens doors for young technological companies worldwide to accelerate their growth and commercialize their innovative products and services within one of the most prominent multi-energy conglomerates in CEE. 

With its diverse portfolio encompassing the production and sale of fuels and energy, logistics, recycling, plastics production, and fertilizers, ORLEN Group boasts annual revenues of approximately 70 billion euros. Its products are distributed across over 100 markets worldwide, reflecting its global influence and reach.

ORLEN Skylight Accelerator

ORLEN Skylight is an implementation-acceleration program, offering startups a streamlined pathway to commercial success within ORLEN Group. By participating in this program, tech companies gain access to quarterly challenges spanning various business domains, including petrochemicals, energy, green technologies, digitization, HR, marketing, and retail. The program kick-starts with pilot projects valued at around 60,000 EUR, which hold the potential to evolve into full-scale implementations, providing startups with unprecedented opportunities for growth and collaboration.

Investment Opportunities and Evaluation Process

ORLEN Skylight welcomes global startups including from South Korea that have been operational for no more than 10 years and possess technology ready for testing and implementation. Successful validation of business hypotheses, both within ORLEN’s areas of interest and in other economic sectors, is highly advantageous. 

The program operates on a challenge-based model, where applying startups submit their value propositions for specific challenges. ORLEN Skylight evaluates the potential benefit that ORLEN Group and the startup can achieve together, rather than focusing solely on investor pitch decks. The program is non-equity based, ensuring that the intellectual property associated with pilot projects remains with the startup.

From the close of applications to the Steering Committee meeting, the evaluation process typically spans around 2 months. During this time, startups have the opportunity to engage with business owners of the challenges, gathering feedback and refining their proposals before final decisions on collaboration are made. Direct communication with ORLEN managers is a key value of the program.

ORLEN Skylight Challenges: Calling for Innovative Solutions

ORLEN Skylight has published a variety of challenges across different categories. These challenges range from enhancing digital marketing strategies, developing sustainable energy solutions, optimizing e-commerce processes, to innovating retail technologies and ensuring industrial safety.

In the category of Digital Organization, startups are called upon to create analytical tools for marketing, modern content creation tools, and communication solutions for diverse cultural zones. Meanwhile, the Efficient and Low-Carbon Power Generation category seeks innovations in CO2 emission reduction, energy storage, and waste heat utilization.

For the Modern Petrol Station and Customer of the Future category, challenges include designing wind turbines for fuel stations and developing green energy tracking tools for EV chargers. In the Industry 4.0 and Safe and Innovative Organization category, startups are tasked with creating tools for fluid leak detection, flow measurements, and automating processes like dewatering in storage tanks.

ORLEN Skylight represents a groundbreaking initiative in the Polish tech market, offering startups unprecedented opportunities for growth, collaboration, and commercialization within ORLEN Group. Rebels Valley is proud to support ORLEN Group as the program operator and invites international ecosystem partners to explore this remarkable opportunity. Join us in shaping the future of technology and innovation with ORLEN Skylight.

Also Read,

  • Hyundai Motor Group Launches 2024 Zero One Accelerator Program for Innovative Startups
  • Google Startup Campus Partners with Seoul Metropolitan Government for ‘AI Startup School’ Program  
  • SparkLabs Injects $75k Boost: Four Startups Secured for 22nd Accelerator Program with Substantial Initial Investment
  • Relevant Trailblazing Program Empowers Korean Startups for CES Triumph
  • Korean Law Firm SEUM Innovates Work-Life Balance with ‘Workation’ Program on Jeju Island

Keep tab on latest news in the Korean startup ecosystem & follow us on  LinkedIN, Facebook, and Twitter for more exciting updates and insights.

Tags: Accelerator ProgramInnovationKorean StartupsORLEN GroupORLEN SkylightPolish corporationRebels Valley
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