Deadline:
As soon as possible
Location(s)
Bulgaria
Overview
Introducing the new standard for new ventures. EUR 30k equity funding. Over 50 world-class mentors. Individually tailored program, weekly touch points, in-person and online. Daily support for strategy, team, business development, and follow-on funding. Welcome to Vitosha ACCELERATE.
Details
THE PROGRAM
Vitosha ACCELERATE consists of a revolving program with cycles that take place throughout the year. Each cycle is a three-month timeline
- TRACTION Week - Immersion: ACCELERATE kicks off with a loaded week of networking, assessing, learning, and setting goals with the entire partner team and a group of 20+ top mentors from the Vitosha ACCELERATE network.
- Metrics Portfolio - Measurement: Our partner team will work in-depth with each company to define an individual set of metrics and goals that we can jointly track and grow on a weekly basis, adapting the program to the individual needs.
- Tailored mentoring - Context: The most treasured asset of ACCELERATE is our global network of successful entrepreneurs, storied VC investors, and business growth wizards, who will be working with companies at group sessions and individually.
- Biz dev and investors - Growth: The Vitosha team is directly available and involved with each company in making intros to potential clients, users, and working alongside the founders on preparing the next fundraise.
- Graduation - Beyond Vitosha: Instead of demo days, Vitosha ACCELERATE will feature tailored graduation presentations throughout the year, attended by investors and business executives relevant to each company.
Opportunity is About
Eligibility
Candidates should be from:
Description of Ideal Candidate
Requirements and process
Vitosha ACCELERATE is open year-round, accepting applications and selecting approximately 10 companies per year for investment and program participation.
- Eligibility: We accept any early-stage product or service concept, at or around MVP validation stage. For funding, we require a legal entity with an address in Bulgaria and a founder team dedicated to the startup.
- Application: Vitosha ACCELERATE accepts applications year-round, submitted online on this website. Initial review occurs ahead of program cycles, with selected finalists getting an invitation to pitch to Vitosha ACCELERATE in person.
- Selection: The Vitosha ACCELERATE Investment Committee reviews all finalist pitches, conducts compliance and due diligence checks, and announces the selected teams within a month of initial review.
- Program: Selected companies join the program at the next program cycle kick-off. After an intensive TRACTION Week, each company obtains a personal plan and tailored workshops and mentoring sessions.
- Investment: Upon selection into Vitosha ACCELERATE, each company is offered a term sheet for EUR 30k, with the possibility for Vitosha to follow-on fund up to EUR 1 million after completion of Vitosha ACCELERATE.
Dates
Deadline: As soon as possible
Cost/funding for participants
Funding for 8% equity in company: EUR 30,000
For founders who have reached minimum viable product (MVP) with their solution, and are on track for reaching product-market fit through the first users or customers.
Equity investment of EUR 30,000 for 8% participation in the company. Through participation in Vitosha Accelerate, the team will grow their product, business development, and fundraising abilities, focusing on metrics sustainability, team expansion, and market validation.
Un-save Opportunity
Internships, scholarships, student conferences and competitions.
