Central and Eastern European startups often have great technical talent, but also lack the necessary business knowledge to transform their ideas into commercially successful products. How to Web is therefore launching MVP Academy, a pre-acceleration program for Central and Eastern European startups, aimed at honing the business skills of new tech companies. Teams working on innovative tech products and solutions can apply for the program by 17 May.
The aim of the MVP Academy is to help new entrepreneurs with the necessary know-how they need in order to develop their startups into a globally successful venture. It is a seven week programme during which 14 teams will attend practical workshops and acquire key competencies required for building a startup: business concepts, finance, legal aspects, product development, storytelling, marketing, community building, networking and pitching.
14 teams, 40 mentors
They will also benefit from mentorship sessions with more than 40 mentors available to them: other startup founders, teams that have graduated acceleration program, business and product specialists, as well as early stage investors. On the last day of the program, the teams will pitch on a Demo Day, where they will present their progress in front of a jury comprising angel investors, early stage venture funds, and representatives of some of the most prestigious acceleration programs in Europe, getting the chance to secure additional funding and continue developing their products.
The program is mainly designed for tech startups with less than 2 years of activity and at least a minimum viable product, who haven’t raised more than 50.000 Euro or participated in any other acceleration program so far. The tech products they are working on must fall in one of the following categories: software, hardware, internet of things, mobile, robotics, biotech, medtech or ecommerce.
The application period is open til May 17, and the How to Web MVP Academy will take place between June 2nd and July 22nd .