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Tag: Techcelerator

  • Techcelerator launched Scale Match, the first regional matchathon

    Techcelerator launched Scale Match, the first regional matchathon

    Techcelerator expands in South-East Europe by launching Scale Match, the first regional matchathon.

    Scale Match aims to facilitate the access of high-tech startups to strategic partners in the region and investments.

    The program targets companies that develop solutions in Fintech, eHealth, companies that integrate artificial intelligence, and developers of SaaS solutions that are in the Market Ready phase.

    To be eligible, startups must have internationally scalable solutions, a sustainable business model, and an ambitious team.

    The applications are open here, until April 13, 2021, and the results will be announced on April 19, 2021.

    Up to 40 startups will be selected to enter the matchmaking program.

    Scale Match will take place online, through one-on-one sessions with investors and strategic partners.

    The program aims at companies from Romania, Bulgaria, Slovenia, Georgia, Armenia, Turkey, Albania, Bosnia and Herzegovina, Croatia, Kosovo, Montenegro, Northern Macedonia, Serbia, Greece, Moldova.

  • Techcelerator and Google, accelerator for Romanian startups

    Techcelerator and Google, accelerator for Romanian startups

    Techcelerator and Google for Startups announce the launch of ”Advancing AI” acceleration program for local startups looking to build AI products and scale their businesses.

    The program aims to boost the Romanian AI ecosystem by supporting AI entrepreneurs with access to the dedicated AI resources provided by Google.

    Applications are open until October 15th, 2020. All applicants will be invited to an online session during which Google AI experts will talk about the industry, opportunities, and success stories.

    The jury will select up to five teams

    The selected teams which will enter the program will have to cumulatively meet the following criteria: have a strong technical team with a prototype or a Minimum Viable Product (MVP) making use of technologies like AI, ML, Deep Learning, Big Data, Advanced Analytics.

    The startups should aim to have a feasible product, an internationally scalable solution, and a strong commitment to validate and expand fast in the targeted market.

    For this specific program, Techcelerator maintains the same level of potential investments as in the case of the Fintech program rolled out in parallel: up to 200,000 euros from GapMinder VC and access to co-investment deals from SeedBlink crowdfunding platform, business angel communities, like Tech Angels, and other international investors, as the startups’ progress during the acceleration program.

  • Techcelerator continues the acceleration program with nine startups

    Techcelerator continues the acceleration program with nine startups

    Techcelerator launched its fourth batch with 9 startups selected from a number of 250 initial applications, which will benefit from intensive mentoring. The acceleration program will take place exclusively online.

    With projects from areas such as HealthTech, FinTech, legal, electronics, RPA or lead generation for companies, the startups of this batch are:

    – Aggranda – creates software robots that automate repetitive processes within companies. This way, Aggranda helps employees to spend more time dedicated to activities with higher added value, and also helps companies to scale faster.

    – AMSIMCEL develops a Software-as-a-Service (SaaS) platform to accelerate the physical verification stage of integrated circuits. The product targets the manufacturers of integrated circuits (B2B), offering high speed and precise verification that will shorten the development / production cycle.

    – credia.store: a digital consumer credit brokerage platform, available for physical retailers and service providers, which helps increase their sales and offers an additional sales channel for banks and non-banking financial institutions.

    – DATA AGAINST DATA connects personal users with any personal data operator, empowering their choices through technology and increasing the confidence in the data industry through transparency.

    – Lab7 develops SmartCover, an intelligent office chair cushion that monitors the user’s posture and provides directions, in order to take a correct position.

    – OncoChain: innovative blockchain-based platform that facilitates the collection of data useful in research, personalized medicine and patient-centered healthcare in the oncology field.

    – Soleadify: search engine for companies, used by marketing and sales teams to find the ideal customers.

    – Voxi Kids: the first platform that connects speech therapists and children through an application that offers special exercises to improve listening and pronunciation.

    – YeParking: a solution for effectively distributing, renting, monetizing and using the parking infrastructure of a city. This includes residential, commercial or private parking spaces.

    Techcelerator’s strategic partner, GapMinder Venture Partners BV, reserved up to 1 million euros for investments in the 9 companies in exchange for a stake in the company.

    The selected companies have the opportunity to access funds from TechAngels. Based on the partnership between the two entities, GapMinder will participate in any round of investments between 40,000 and 200,000 euros made by TechAngels members with a similar amount.

    GapMinder Venture Partners BV has reached a value of over 40 million euros and has invested in 35 companies so far. The venture capital investment fund is co-financed through the Competitiveness Operational Program 2014-2020, implemented by the European Investment Fund.

  • Techcelerator announces the opening of the applications

    Techcelerator opens application for the fourth acceleration batch for tech and digital startups. They can register by November 6, 2019. Approximately 10 selected startups can receive 50,000 euros each, in exchange for a stake in the company, followed by convertible note/s by the end of the program according to progress made, worth another 25-50,000 euros.

    The financing is provided by the strategic partner, GapMinder Venture Partners BV, co-financed through the Competitiveness Operational Program 2014-2020.

    Techcelerator targets companies in the Minimum Viable Product (MVP) or in Beta testing phase. The vision regarding the commercialization on the global market, the quality of the team and the feasibility of the product will get higher scores.

    The focus will be on fields such as FinTech, cyber security, MedTech, digital transformation solutions, including applications in the blockchain, business process automation, artificial intelligence (AI) or machine learning (ML) areas. The program accepts applications from any vertical should the founders prove their product potential.

    “Starting with this edition, the acceleration program aims at closely working together with local business angels who can recommend projects in the acceleration phase or who are interested in co-investing in this round, together with the accelerator and the VC fund. We target projects that have proven that they can attract, together with the founders’ team, a valuable network of advisors involved in reaching the first signs of traction of the developed technology”, said Cristian Dascălu, GapMinder VC Partner and Co-Founder of Techcelerator.

    The fourth batch will start on December 5th, 2019 and will end mid June 2020, taking place both in Bucharest and Cluj-Napoca, with the support of corporate partner companies and approximately 60 Romanian and foreign mentors and business angels.

    Startups from the fourth round of Techcelerator  will benefit of intensive business coaching sessions, mentoring, specific know-how depending on the startup industry and marketing services. Also, startups will have access to international communities for growth and exposure in the global market.

    At the end of the acceleration program, the attending startups will publicly present their businesses during a Demo Day event, thus being able to attract additional funds from other investors.

    “We are increasingly demanding. The program has grown, we have gained experience in evaluating the potential of the products and the founders. The value of the investment has also increased since the third round, from 25,000 euros to 50,000 euros, with the possibility of accessing new rounds of up to 200,000 euros from the venture capital fund, GapMinder Venture Capital. We have gathered around the program a number of renowned partners who complement the services of the program and increase its relevance. And this trend will continue”, says Cristina Țoncu, Manager of the Techcelerator program.

    27 startups have completed the first three rounds of acceleration provided by Techcelerator, benefiting from a total investment of € 1.35 million from the venture capital fund GapMinder Venture Partners.