CEED Tech

CEED Tech

450 mentors to help 50 teams in 5 established startup accelerators
Dec 2 '14
Hi,

I've read someone talking here about equity. The FI-WARE accelerator programme gives funds without equity, isn't it?
Hi,

I've read someone talking here about equity. The FI-WARE accelerator programme gives funds without equity, isn't it?
Show 7 more comments
Nikola Rafaj
Nikola Rafaj December 3 2014
Yes, CEED Tech is different as we provide our private investment as well and the grant is just a part.
Let me share this basic overview (or send me an e-mail to discuss in detail):

Funding and Equity
Each team accepted to the accelerator will receive initial seed financing in total of up to €30,000. Participation in the program and other perks are offered in exchange for between 5% to 15% of equity in the proposed company.

In addition, promising companies with highest potential business ideas, who have proved the viability and market potential of their product idea, as well as capabilities of the project team, will receive follow-up funding of €30,000 - 250,000.

CEED Tech is a project co-funded by the European Commission under the Seventh Framework Programme (2007-2013). All investments made are co-financed by private angels and venture investors with proven track records of cooperation with our startups.
Nikola Rafaj
Nikola Rafaj December 3 2014
Selection Process

A total of 40 to 50 teams per call will be accepted to five CEED Tech acceleration programs, with each location selecting between 8 and 10 teams.

The following aspects of the team and the business concept will be evaluated:

TEAM
(AT LEAST 50% OF THE FINAL SCORE)
- Industry background and previous startup experience
- Team cohesion, and composition
- Demonstrated motivation and drive to succeed

Technical viability and sustainability (up to 25% of the final score)
- Current stage of product development
- Traction

Market opportunity
(UP TO 25% OF THE FINAL SCORE)
- Potential market size and opportunity
- Competitive landscape
- Business model

Following the open call, applicants will be selected based on the strength of the initial application for follow-up interviews and inquiries. Interviews are conducted online and in person.