IDEASX seeks to support the development of innovative ideas that allow the creation of new ventures through training, initial capital and entrepreneurship support services.

Banco Santander invites you to participate in a new initiative, IDEASX, an award that seeks to train, encourage and enhance university entrepreneurial talent.

IDEASX seeks to support the development of innovative ideas that allow the creation of new ventures through training, initial capital and entrepreneurship support services.

Each applicant team must have a minimum of two members and a maximum of four, it is not necessary that the members of the same team belong to the same university, and they must designate a member who will act as representative and contact with the Bank, to effects of being the responsible interlocutor with Santander.

IDEASX will accompany university entrepreneurs through a pre-incubation, acceleration and monitoring process where they will be distributed up to a total of $70.000.000, an amount that will be distributed in two stages:

• Stage 1. 20 teams (entrepreneurship ideas) will be preselected, each team will receive an amount of up to $1.000.000 in capital.
• Stage 2. A maximum of 10 teams will be selected as winners, who will receive funding of up to $5.000.000 per team for the continuity of their venture in the follow-up stage.

The registration and application process will be carried out online through the site www.santanderx.com.

This new award is part of the Higher Education Support Program (PAES), promoted by Santander Universities with the aim of complementing students' university education and bringing them closer to the realities of the professional field.

See program bases

Source: Santander Universities