MVP Academy accelerator to offer USD 1 million in perks for startups

Newsroom 08/02/2017 | 15:07

Startups accepted  in the MVP Academy accelerator are set to receive USD 1 million worth of services from mentor companies across the MVP Academy network and of enabling the help for founders to accelerate their business during the nine weeks of the program. The teams will get industry connections, mentoring sessions with tech professionals and access to investment opportunities.

The MVP Academy accelerator will take place this year between March 6 and May 8, at TechHub Bucharest and it is organized in partnership with CyberGhost VPN, with the support of Bitdefender, Microsoft Romania and Raiffeisen Bank.

Participation at MVP Academy is free of charge. Tech startups can apply on the program’s website by Sunday, February 19.

For over nine weeks, tech startups accepted into the program will go through tens of hours of 1 on 1 mentoring sessions with local and global experts part of the MVP Academy network. They will work on defining their business development strategy, product features, product market fit and will practice their investment pitch. The most promising teams of this edition will have a chance to raise an investment through MVP Angels, the angel investors network associated with the acceleration program, in exchange for a minority stake in the company.

“Early stage startups need a lot of business and technical support to accelerate their company’s growth. Some of them are established companies, with recurring revenue so what they need is to test various distribution channels. Others are working on their product, and they need specific technical tools and programs. Starting with 2017, we will be able to give them free access to various tools for hosting, e-mailing services, marketing tools, storage services etc. that will allow founders to validate new product features and to identify emerging opportunities much easier. These perks are another benefit of our program that will help the teams to accelerate their companies as much as possible during the 9 weeks of the program.”, said Bogdan Iordache, managing director MVP Academy.

The total financing of all the MVP Academy alumni until now is EUR 1.7 million. Companies as Axosuits, InnerTrends, Reflex, Urby and TypingDNA have been a part of the program during previous editions.

Georgiana Bendre

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