Bulgarian startup accelerator Eleven confirmed that the founder of the Romanian startup conference How to Web Bogdan Iordache, SEE ICT’s cofounder Vukašin Stojkov and Netocratic’s founder and editor Ivan Brezak Brkan will be their first tal… startup scouts for their respective countries: Romania, Serbia and Croatia. The 12 million dollar fund from Bulgaria wants it’s scouts to act like agents in the manner that other accelerator’s have tried as well, with Eleven hoping that it’s partnerships with UK accelerator Springboard and US-based Google Ventures help them come out on top.
Scouting Startups to Selection Day!
Eleven’s scouts will find “talented” startups and refer them to Eleven, with each scout being able to send one startup directly to a Eleven Selection Day that will happen 3 times a year, in which 10 to 15 startups will be selected for Eleven’s next batch.
Eleven invests $25,000 for 3 months of acceleration, that can be followed by another $25,000 and another 3 months of work. Startups can also get an additional seed investment of up to $150,000, while working out of Eleven’s “Roof” coworking space in Sofia.
Stojkov told Netocratic that Eleven’s team seems very passionalte about helping regional startups become a global success while Ivan thinks that although a bit sceptical at first, he now believes Sofia to be a great place for a startup to develope itself in the accelerator – he’s also confident that a lot of Croatian startups will apply seeing Eleven’s own interested in the local startup scene with Maxim Gurvitz attending Geeks on a Plane Zagreb. Interestingly, applications for Eleven’s next batch started last week!