Bentley iTwin Activate Application (June 2025)

Bentley iTwin Activate Application

June, 2025
Purpose
The purpose of the Bentley iTwin Activate program is to help accelerate the development of a vibrant infrastructure digital twin ecosystem, supporting startups creating applications leveraging or interoperating with Bentley technology, or contributing data to Bentley’s infrastructure data ecosystem.

During the approximately four-month program, we will engage with program participants to expose them to Bentley’s domain-specific thought leaders, to upskill them on Bentley technology, and to accelerate their go-to-market planning. With our support, program participants will scope, develop and build one or more applications consuming or interoperating with Bentley platform technology and/or applications.

Accepted applicants will receive $50,000 payable on joining (to help defray your initial startup and participation costs, including any required travel) and a remaining reimbursement payment of up to $200,000 (to be scoped as part of the work statement process) upon completion of the program. All payments made to you under this program will take the form of a SAFE (simple agreement for future equity).

Please complete this application to apply to the iTwin Activate program. You can submit this document at our iTwin Activate landing page at https://bentleyitwinventures.com/itwin-activate-u pload/. For questions, use our contact form or contact us by email at itwinventures@bentley.com.
Company Information
Company Name*
Company URL*
Where is your company based (city & country)?*
When was the company founded?*
Describe what your company does in 50 characters or less*

0/50
What challenge or pain point does your solution solve for your customers?*
Primary contact person for your participation in iTwin Activate:
Name & Title*
Email*
example@example.com

Founders
Please provide the names & titles of the founders. If a founder has exited the business, please indicate accordingly*
Why did you start this business? What do you understand about your market that other companies in your space just don’t get?*
Progress
Have you released an MVP?*
How many paying customers do you currently have?*
What was the total revenue of the business last year?*
What were annually recurring revenues (ARR) last year?*
What was the approximate percentage of revenue coming from POCs / pilots last year?*
What was the approximate breakdown of revenue between software, hardware, and services last year?*
What are projected total revenues for this year?*
What is projected ARR for this year?*

Equity / Funding
Have you taken any investment yet?*
How much money have you raised from investors to-date in USD?*
Please describe the breakdown of equity ownership in percentages among the founders, employees, and any other stockholders. If there are multiple founders, be sure to provide the equity ownership of each founder.*
Have you received any government grants? If so, list the grants you have received, including the terms of the grant, who it’s from, what it covers, and when you received it.*
How long is your runway?*
Are you currently fundraising?*

Legal
Have you incorporated or formed any legal entity yet?*
Are any of the founders covered by non-competes or intellectual property agreements that overlap with your project? If so, please explain.*
Is there anything else we should know about your company e.g. pending lawsuits, co-founders who have exited the business, etc?*

Industry Focus and Strategic Alignment
Please describe your target markets and geographies within the infrastructure space*
What is your prior experience with Bentley products, if any?*
What are your goals for participating in the iTwin Activate program?*
The theme for this cohort of iTwin Activate is Advancing Infrastructure with Cesium & 3D Tiles. Please describe how your company fits into this theme.*
How would you connect the 3D geospatial capabilities of Cesium with the digital twin capabilities of iTwin to innovate the delivery of new infrastructure assets and/or the ongoing operation of existing infrastructure?*
The information contained in this document is Bentley’s proprietary information and is not to be disclosed to any third party without Bentley’s express prior written consent.
About Bentley Systems
Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 5,200 colleagues and generates annual revenues of more than $1.1B in 194 countries.
Global Offices
Bentley Worldwide Headquarters
Bentley Systems, Incorporated 685 Stockton Drive Exton, PA 19341, United States

1-800-BENTLEY | +1-610-458-5000
Bentley EMEA
Bentley Systems International Limited Charlemont Exchange 5th Floor, Charlemont Street Dublin 2, D02VN88, Ireland +353 1 436 4600
Bentley Asia
Bentley Systems (Beijing) Co., Ltd. Unit 1402-06, Tower 1 China Central Place, Beijing 100025, China +353 1 436 4600
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Bentley iTwin Activate Application

Purpose

Company Information

Founders

Progress

Equity / Funding

Legal

Industry Focus and Strategic Alignment

About Bentley Systems

Global Offices

Bentley Worldwide Headquarters

Bentley EMEA

Bentley Asia