28 accelerated startups, more than 1 million USD in seed investments and 13 products launched on the global market. These are the results of the MVP Academy alumni in a nutshell.
Tech startups with global potential are invited to join the next edition of the accelerator that will take place in between April 11 – May 31 at TechHub Bucharest. Applications are open until Thursday, March 31st, on the program website www.mvpacademy.co.
MVP Academy is an accelerator program that helps tech entrepreneurs refine their products, bring them to market, generate sales, and raise money. All these by offering product and business consultancy, access to an international network of 400 mentors and 700+ startups, a funding pipeline, recruitment opportuniti, s and training.
13 of the 28 startups accelerated so far have launched their products on the global market, and the alumni have raised more than 1 million USD in seed funding to date. At early stage, the main sources of funding remain angel investors and accelerator programs (each one having a share of 40% from total investments), while the other 20% are raised from VC funds.
Most startups have a software-as-a-service business model, followed closely by consumer businesses that opted for freemium subscriptions or advertisement revenue streams. They build social platforms on different niches, or products in eHealth, educational, and cyber-security industries. There is also notable interest in hardware – based startups.
I have been doing business for more than 7 years and one month of MVP Academy was a life changer for me. I learnt that you have to give clients what they want, not what you think they want. I understood that you have to launch fast and validate the product with the market. Moreover, I saw that people want to help you: all you have to do is ask for their helps, said Andrei Manea, Co-Founder & CEO, CloudHero.
InnerTrends, startup that helps web and mobile developers optimise their user acquisition process by better understanding user behaviour; Clepsisoft CyberFog, a proactive cyber-security solution that helps companies deflect cyber attacks; CloudHero, a PaaS that automates the management and scaling of an application across any public cloud; Gloria Food, free online ordering systems for restaurants, now available in 25 languages and having a 600+ network of active restaurants; SafeDrive, mobile app that encourages responsible driving by rewarding drivers that do not use their phones; or Axosuits, affordable exoskeletons for people with disabilities, are part of the MVP Academy alumni network. More details about the progress of the alumni are available in the follow-up report.
MVP Academy continues with its third edition. Tech startups with global potential are invited to submit their application by completing the form available online at www.mvpacademy.co. The program takes place in between April 11th – May 31st at TechHub Bucharest, and the selected teams will attend product, sales & marketing workshops, individual mentoring & coaching sessions, and will get the chance to close strategic partnerships while connecting with an international network of 400 mentors and 700+ startups.
Moreover, some of the best teams that will be part of MVP Academy batch of 2016 will have the opportunity to raise an average seed investment of 50.000 EUR in exchange for a minority stake in the company from MVP Angels, angel investors network associated with the program.
MVP Academy, looking for startups that think big, execute and learn fast
Powered by CyberGhost with the support of Telekom Romania, Bitdefender, BCR, Microsoft, hub:raum, Raiffeisen Bank, and Retargeting.biz, MVP Academy targets tech startups with less than 2 years of activity, who have built at least a functional prototype for their product to date, have not raised more than 50.000 EUR and have not graduated any other accelerator with the product they’re actually working on.
The startups will be selected by an experienced jury taking into consideration the team fit and experience, the market size & trends, the market validation & traction, international potential, impact and the overall feasibility of the product.
The judges are Robert Knapp (Co-Founder & CEO, CyberGhost); Cosmin Ochior (Business Development Manager, hub:raum); Mihai Sfinescu (private equity/venture capital investor); Carmen Sebe (angel investor); Bogdan Iordache (Co-Managing Director, MVP Academy), etc.
We are looking for startups that think big and have the capacity to execute and learn fast. The only advantage of an early-stage startup is its speed and we expect our teams to use this advantage when building their product and learning from the interactions with customers, said Bogdan Iordache, Co-Managing Director, MVP Academy.
The third edition of MVP Academy will take place in between April 11th – May 31st. TechHub Bucharest and will wrap up with Demo Day, an event where the teams will showcase their products in front of key actors on the regional tech ecosystem. Attending MVP Academy is free of charge for the selected teams, and applications are open on the program website by March 31st. The results of the selection process will be available on Thursday, April 5th.
MVP Academy is an accelerator powered by CyberGhost with the support of Telekom Romania, Bitdefender, BCR, Microsoft, hub:raum, Raiffeisen Bank and Retargeting.biz. The visibility of the program is ensured by Academia Catavencu, Crunchbase, Digjitale, Europa FM, Goal Europe, Incont.ro, IT, Dogadjaji, IQAds, Lumea SEO PPC, Market Watch, Newtrend, Refresh.ro, Romania Insider, Romania liberÄƒ, Softlead, Startup Caf, Start-up.ro, The trends, Times New Roman, Today Software Magazine, UIeMagazine, Wall-Street, Yoda, zOltan77.com, Zona IT, 150sec.com.