ABC accelerator is getting ready to launch its 3rd program for startups this time under the name Commercial Tech. They describe it as the champion amongst their programs and are confident it will carve a new and profitable niche for their startups.
Barely a year ago, ABC accelerator was known only by the most determined and enthusiastic startups. Today, you can rightfully doubt the ambitions of any startup which has not heard of it.
Young entrepreneurs in the region eagerly await ABC’s new programs, and their last one, Smartliving & Health, received over a hundred applications for the ten available spots. Luckily, applications for the newest program are already opened and ABC is describing it as the champion that will even carve its own niche. But first things first.
ABC helped 18 chosen startups in one year and successfully organized 2 Demo Days, where those startups pitched their business models to over 200 investors from all around the globe. Some of the investors even heard of ABC before they heard of Slovenia. During the year many incredibly successful entrepreneurs visited ABC’s premises and shared their knowledge with ABC’s startups. Jeff Burton, a co-founder of the billions worth Electronic Arts, Jure Leskovec, co-owner of Pinterest and Patrick Mullane, executive director of Harvard Business School are just a few of them.
Patrick Mullane even said, that if someone took him to Demo Day blindfolded, he would never have guessed that he is in Ljubljana, because everything had such a Silicon Valley feel to it.
A year ago you would surely think he is exaggerating and is simply being nice, but with the opening of the new ABC hub such comments have gotten pretty common and totally believable. The new hub is a playful and creative space with modern co-working offices and top-notch equipment. It’s designed to make teams feel relaxed and inspired. It’s practically an ideal garden for the growth of business ideas.
The word ideal can also be used to describe ABC’s location. It lies in the heart of BTC City, which enables startups to get in touch with 4.500 companies and thousands and thousands of consumers.
When you add ABC’s partners, the possibilities of testing projects in different ways and on different markets become countless. IBM, Microsoft, Cisco, Lidl, Triglav group and BTC City are some of the big names proving that startup scene in Slovenia is being taken very seriously.
If all of the above sounds like the perfect environment for your startup, you’re one lucky entrepreneur as the applications for the new ABC’s are in progress right now.
The program is called Commercial Tech and ABC is looking for startups that have to do with mobile commerce, e-commerce platforms, social shopping, dynamic pricing, marketing automation, mobile security and many other fields. Actually, any startup that is somehow connected with some aspect of commerce and believes it can make a big impact is welcome to apply.
ABC decided for Commercial Tech because it represents a new, profitable and very useful startup niche, where even small companies can have a big impact on the market.
The program starts on 1st of April 2016 and the applications will be open until 15th of March. However, the most impressive startups will have the chance to pitch their ideas to the ABC team, because ABC team goes on a roadshow! Meet them in your home town.
The chosen ten startups will get 15.000€ seed investment, a possibility of a loan ranging between 35.000 and 300.000€ best possible conditions for product testing in the wider region, up to 310.000€ in bonuses such as licenses and software and top notch offices.
Teams will be visited, guided and encouraged by international mentors, educated by some of the most successful entrepreneurs and followed by curious investors, who will fill up a hall in BTC City on 23th of June 2016 when the Demo day will take place. Before that, ABC will take the startups to various events, help them polish theirÂ pitches and assist them with making priceless connections in their field of business.
Dentem is a start-up from Albania that is part of the ABC Accelerator program and they’ve managed to successfully push their idea ahead, aiming to expand to the European market.