Conector Accelerator launches gaming vertical in Madrid
Share on Facebook
Share on Twitter
Share on Google+
Share on Reddit
Share on Email

Photo Credit: Conector's Facebook page

Conector Games Madrid will be the result of a partnership between Conector and Grupo Recreativos Franco, one of the leading Spanish companies in the field of arcade machines.

Novobrief

Conector, the accelerator founded by entrepreneur and investor Carlos Blanco, is coming to Madrid. Conector’s first initiative in the capital of Spain will be a gaming-focused accelerator, the second vertical in the company’s history after the launch of an e-commerce program in Barcelona in November.

Conector Games Madrid will be the result of a partnership between Conector and Grupo Recreativos Franco, one of the leading Spanish companies in the field of arcade machines. The accelerator is looking for startups in the sectors of casual gaming, mobile, social and gambling.

The choice of R. Franco is interesting, since the company has been around for more than 50 years and has no strong digital assets. Carlos Blanco, in a conversation with Novobrief, explains that “R. Franco is also looking to join the digital world, and they think this is the best way to adapt to new and changing times.”

Carlos pointed out that R. Franco’s strong ties with the casino and gambling industry could also be attractive for startups. “We’ve seen a significant increase in gambling or casino projects, such as Playfulbet, Betrocket or even Akamon, co-founded by Carlos himself, and we think R. Franco’s experience in the field could also pay dividends.”

Startups have until February 23 to apply to the four-month program, which will start in March. As is usually the case with Conector, the accelerator does not provide capital to the startups. Its main asset is a very strong group of mentors and connections with local VCs and business angels. Conector keeps an equity stake of 5 to 10 percent per startup.

In a blog post, Carlos claims that R. Franco will help finance part of a startup’s costs via convertible notes.

Conector’s plans in Madrid are not stopping here

Asked about the decision to launch a gaming vertical in Madrid instead of Barcelona, where there’s a bigger gaming industry, Carlos explains that it responds to three key aspects:

  • There’s already a gaming incubator in Barcelona, Gamebcn.
  • R. Franco is located in Madrid.
  • Three startups from Southern Spain have already been selected, and it makes sense for them to move to Madrid instead of Barcelona.

Interestingly, Conector’s plans in Madrid don’t stop here. Carlos admits that they will fully launch Conector Madrid in September, with an official announcement probably happening around April or May.

This post was originally published on Novobrief

Featured Image Credit: Conector’s Facebook page

Share on:Share
Share on Facebook
Share on Twitter
Share on Google+
Share on Reddit
Share on Email
Jaime Novoa

About Jaime Novoa


Chief editor and startup ecosystem analyst for the blog of Startupxplore. Startupxplore is the leading startup funding community, connecting investors and startups all around Europe. He also writes for Novobrief, an English language publication covering the Spanish startup ecosystem.

More Goodies From Accelerators


Jerusalem rising: the city of gold’s transformation into a startup capital

Cologne Mayor tours Tel Aviv, prepares groundwork for startup and entrepreneur exchange

Honda and Volvo open smart car accelerator DRIVE in Tel Aviv, showing Israel is battlefield in self-driving race