doDOC, the Coimbra and Boston-based startup, was selected by Techstars. doDOC helps highly regulated enterprises to focus on the content, import and share highly complex documents with its web-based platform. It is the first Portuguese startup to win a spot in the prestigious business accelerator and it was found by three MIT Portugal PhD graduates Carlos Boto, Federico Cismondi and Paulo Melo.
doDOC and its founders were chosen to participate in Techstars after an exhaustively competitive application process. "We are extremely impressed with the quality of the projects being developed in Portugal", said Semyon Dukach, Managing Director of Techstars in Boston, "Our investment in doDOC reflects our intensified efforts to identify and support the next generation of technology ventures wherever they are in the world, adding them to our track record of scalable successful businesses".
doDOC is focusing its market entry on pharmaceutic and biotech companies, hospitals and universities. Such organizations generate high volumes of documents and require an easy, secure and organized way of accessing and output the information contained in those documents. doDOC has developed a platform that optimizes such processes.
doDOC is a great example of the growth of the Portuguese Entrepreneurship Ecosystem during the last few years. The team behind doDOC first met in 2008 through the MIT Portugal Program. However, doDOC only gain form in February 2014 with the support of Coimbra University ArriscaC competition and the very early accelerator program INEO-Start, promoted by Instituto Pedro Nunes (IPN), Coimbra University Business Incubator. Shortly after, Lisbon Challenge, an ambitious 3-month acceleration program, powered by Beta-i and sponsored by Caixa Capital, which provided consistent methods and resources to reach global markets and where doDOC won a spot among the TOP10 startups. Also the support of IAPMEI, through Passaporte para o Empreendedorismo was essential to the business and product development that led to the selection of doDOC to join the Building Global Innovators, a program also sponsored by Caixa Capital, ISCTE-IUL and MIT Portugal. This accelerator, focused on innovation and in direct contact with the US market, was essential to place doDOC right on track to enroll in Techstars.
Carlos Boto, one of doDOC founders reveals: "Techstars investment is a validation of doDOC's technology and value proposition, and the entire team is proud of being the first Portuguese start-up to join the Techstars accelerator program. It's recognition of the work and support from an entire community that worked with us towards this moment, which represents a unique opportunity for the future of doDOC".