StartupYard Triples Seed Investments to €30,000; €250,000 For Best Startups
Tech entrepreneurs have until Dec 15th to apply for the accelerator’s 5th round
13 NOVEMBER 2014, PRAGUE, CZECH REPUBLIC
SummaryStartupYard, a tech startups accelerator based in Prague, and focused on Data, Mobile, and Analytics projects from across Europe, recently announced a call for applications to its next accelerator round, backed by a combination of private and European Commission funds. This effectively triples funds available to new applicants to StartupYard over previous rounds.
StartupYard is a member of the accelerator consortium CEED Tech, a group of Central and Eastern European technology accelerators which have secured €5 Million in grants from the European Commission, to be directly invested in newly forming tech startups. The funds will be distributed to startups that are accepted through an open call running through December 15th, 2014, with a second call following in 2015.
StartupYard will accept 10 qualified teams. Startups will be accepted on the strength of their ideas, which may be in various stages of development, or exist only on paper. They will receive seed investments, and will spend 3 months in Prague, where the accelerator helps its member teams to incorporate and design business plans. Teams spend the 3 months working to launch their new products on time, culminating in a major Demo Day, where entrepreneurs will pitch to investors. StartupYard expects at least 150 qualified startup teams to apply.
Startup teams can get more info and apply now at Startupyard.com
“It’s very exciting to be back, and be able to offer so much more to Central European Startups. The last accelerator round produced some fantastic products, and really impressive teams, and with triple the initial investments, we’re looking forward to attracting some of the best talent in the region,” said Cedric Maloux, Managing Director at StartupYard. “This EC grant allows us to accelerate young startups at a much smaller cost of equity. That’s only good news for this upcoming round.”
Startups accepted at StartupYard will receive €30,000 in up-front seed capital in exchange for 10% equity, and will undergo 3 months of acceleration. Teams will experience near daily mentorship and conferences with StartupYard’s impressive stable of mentors made of successful entrepreneurs, investors and tech professionals, with the goal to launch their products to the public while seeking further investment.
Up to €250,000 in follow-up financing will be available for projects that show the greatest potential from among CEED Tech’s accelerators. “We especially welcome projects in the areas of analytics, fintech, e-commerce, B2B, location based services, and security,” Maloux said, “we’re selecting up to 50 teams between the CEED accelerators, so we expect to see a great range of applicants.”
"We especially welcome projects in the areas of analytics, fintech, e-commerce, B2B, location based services, and security. We’re selecting up to 50 teams between the CEED accelerators, so we expect to see a great range of applicants." Cedric Maloux, Managing Director, StartupYard
StartupYard is a seed accelerator for technology startups. Its goal is to help companies build viable products, launch fast and successfully raise capital. It follows the philosophy, methodology, and standard of world-class accelerators such as Y Combinator or TechStars.
StartupYard’s efforts were awarded by membership in the Global Accelerator Network in June 2012, and it is a member of StartupYard Accelerator Consortium CeedTech. Since September 2011 StartupYard has accelerated 29 companies, out of which 4 were acquired, 19 are still active, and 10 have raised investments for a total of $2.5 Million. For more information, read our blog, visit our website and follow @startupyard on Twitter.