Buildit Accelerator batch #13

Connect by Feb 28 '21

Mar 1-May 31 '21 (13 weeks)

20 Elizabetes

Riga, Latvia

12 batches, 1800 applications, 80+ startups, 18 countries......and that's just the beginning

Our program is specifically designed for IoT and hardware startups according to the current situation. We think that four intensive weeks were are covered four main topics during the four months is what is needed for IoT / hardware startup to be ready to raise the Seed investment they deserve.

Join and benefit from:
✔️ Accelerator program with world-class mentoring
✔️ Pre-seed investment up to 50K EUR
✔️ Workspace in the city center
✔️ Contacts with Asian & European manufacturers and investors

Buildit is an accelerator that supports hardware and IoT startups in turning an idea into a tangible, market-worthy product.

Our experience is based on 12 acceleration programs that have been run in Estonia (2014) and continued in Latvia since 2018. more

Funds up to ^€300K per team

Funds 20 startups per year

Saving

Company

Startup / Product name
Current location
Web page
Are you already incorporated? If yes, when did you start this company?
If yes, where and when was the company incorporated? Please indicate the exact date your company was registered.
What is the current shareholding structure (who owns how much of the company)? If not incorporated yet, how do you plan to divide shares between founders? If you have investors on board, how much do they own?
Skype name
Mobile phone number Enter team leader's phone number.
E-mail address

Product

What is the problem you are solving?
What is your product or service?
Who are your competitors and why is your idea better? List at least three (include URLs).
What is new/innovative about your idea?
Do you have a working prototype and/or how far have you developed it? How much time you think it takes to complete the prototype?
How does or will your startup make money? How do you plan to earn money? What are you selling to whom?
Who is your Customer? For whom you are creating value? Who are your the most important customers, clients, or users?
Customer Acquisition Through which Channels you are / you will reach your Customer Segment? How are you reaching them now?
What are your plans for the next 3 months? What are 3 the most important tasks to be done?
If you plan to raise more money in the near future, When, How much, and What are you going to spend it on?
Financials Your monthly Recurring Revenues and Costs.

Team

Please provide information about each team member.

How many people are working full time on this startup?
How long have you known each other? What have you built together?
How much time has been invested into this startup? E.g. 3 people working fulltime for 2 months.
How much cash has been invested in this startup? Only count investments in money, not in-kind or other contributions.
What is your primary role in the startup?
Are you willing to commit to work only for your startup? What other commitments do you have (job/school/family/other businesses/etc.)?
Provide your: age; year of graduation, school, degree and subject for each degree; personal, LinkedIn, Facebook and Twitter URLs; current employer and title. If you're still in school, put down your expected graduation year.
What else extraordinary have you personally built or done? What was it that made you feel proud about yourself?
If you are a single founder then how will you make sure that your company will succeed? Are you planning to find co-founders and when?
Where do you plan to move physically after graduating from the program?

Company

How much is your current cash burn rate in one month? Including payrolls to founders, employees and other business expenses.
How long is your runway? Based on your cash burn rate, how long can you survive without any additional investments?
How many customers do you currently have? Please also describe your average customer.
What is your progress for the last 3 months?
How much revenue has your startup generated during last 3 months and in total?

Additional info

Which skills are missing from your team?
Please upload your pitch deck (if you have one). (Max file size 30MB.)
Are you re-applying?
Have you already participated in an another accelerator programme?
Which accelerator did you participate and when?
Where did you hear about Buildit?
Say something we did not know. Amaze us.

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