Fundraising for an early stage technology startup is always a challenge. You have to navigate many meetings with potential investors and hopefully reach agreements that make everyone happy so you can continue to work in good faith after the negotiations are over. However, in some cases, after the dust has settled in a negotiation, it isn’t always a win-win for everyone.
TechPeaks, a "People Accelerator" involving both individuals and teams to start-up successful global businesses in information technology, opens next application call for Spring 2014. The program will start in March, 2014 and continue for 4 months with the traditional Demo Day at the end. Deadline for this batch is January 20, 2014.
Just four months after it was first launched, Appidemia announced that it's shutting down. According to Appricot, the company behind the "social network for your apps", the decision on puling the plug was unanimous due to the lack of motivation caused by Apple's rigid set of rules that developers must comply to.
The winner of the Startup AddVenture conference, which took place in Kyiv on the 5th of December, was the world's first cloud-hosted 3D game development platform – PlayCanvas from the UK. The winners got a €25,000 investment and a real boxing championship belt.
After the great success of the first two GIC competitions in the CEE region, applications are now open for GIC 2014. Applicants are invited from Austria, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia, and Ukraine. Applicants should submit their projects aiming to improve the lives of at least one million people in Central Eastern Europe leveraging the power of accelerating technologies.
Over 50 international experts, 8 days of hard working and possibility of reaching Deutsche Telekom customers – this is a short summary of hub:raum Krakow Warp which started on Saturday. A chosen group of 15 startups from Central and Eastern Europe including Croatia, Czech Republic, Romania, Austria, Poland and Greece, came to Krakow. The best team will be offered an investment and an invitation to the innovation incubator.
Bulgarian fund LAUNCHub just announced the final shortlist of selected technology startups which will attend the Long Weekend Event of its Fourth Selection Run this season. After four days of intensive work with coachers and mentors the final pitch in front of the Investment Committee on December 1, will decide the winners in the Long Weekend to be offered investment of up to 200 K Euro.
During the last few months, the crowdfunding phenomena became a very hot topic on the sunny side of the Alps. Gathered around Crowdfunding.si initiative, Slovene projects have already raised more than 1 million euros on leading crowdfunding platform Kickstarter. This initiative is working closely with key decision makers to change Slovene legislation in order to help fund projects access their capital easily, without administrative complications and huge taxes. On the top of that, Slovenes already have their own translation of the word crowdfunding that is actually being used – množično financiranje (“mass financing”).
Serbian Minister of finance, Sasa Radulovic, announced today that beginning next year Serbia will start a 35 million euro co-fund intended for local startups. The government will co-invest from 20 to 40 percent with foreign investors, who are to be attracted to this South-East European country which is slowly but surely starting to forge a stable startup ecosystem.
The first TechCrunch Disrupt Europe was held on 28th and 29th of October in Berlin, the Europe’s startup capital. The sought-after conference was preceded by a 24-hour hackathon and a warm-up meetup organized by Webrazzi on Sunday evening. Over two days the conference venue Arena Berlin was attended by a total of over 2000 people, making it a busy, lively place for the startup bunch that came to show off their dreams.
They could have continued being successful on a smaller scale and be stagnant but they recognized there is a global market opportunity and decided to act. Here is the story of Lemax, a successful Software-as-a-Service company from Croatia.
When entering a new market, regardless of the type of technology, platform or content, software localization is a must. But for digital tools in the agriculture industry it takes on a whole set of new, unexpected dimensions.