6 months have passed since the first batch of teams has officially graduated from the How to Web MVP Academy, a pre-acceleration program that has been created by How to Web and has been running since last summer at TechHub Bucharest.
In a nutshell, out of the 14 pre-accelerated startups that were part of the first batch, 4 are being accelerated or have been accepted to well-known international accelerators, while 5 have raised 207.000 EUR total funding from international investors. And there’s more than this to add to the story: a couple of the teams have already started discussions with potential investors for the second round of financing, while most of them are still active and have registered significant progress with their products and teams.
What was MVP Academy all about?
The program launched on June 2nd at TechHub Bucharest and where How to Web spent together with the teams 7 intense weeks: 11 practical workshops specifically tailored to meet the needs of theÂ teams, 30 hours of 1 to 1 coaching, 3500+ mentoring hours with 60 well known professionals in the industry, 2 office visits, all ending up with the Demo Day on July 22nd.
6 months later
Axosuits, startup building affordable & easy to use exoskeletons that help paraplegics walk again, have secured the second financing round and are in the course of starting clinical trials. They’ve won several awards, out of which we have to mention the Best Startup Award (and the 10.000 USD) at How to Web Startup Spotlight Competition, or the Get in the Ring Romania final. Moreover, they’ve added one more member to their team to help them keep up with their fast-paced evolution.
How to Web MVP Academy helped us make lots of steps further, while the mentoring sessions determined us to look at our project from a different perspective and think out of the box. Add this to the amazing networking opportunities, some of the best I’ve seen in Romania, and you’ve got a success recipe –, said Andras Kapy, Axosuits Founder.
getFittter Inc., the health & wellness platform offering a personalized training experience to its users, is another team that has registered exceptional results: after graduating MVP Academy, they’ve been accepted to Health Wildcatters, the best US healthcare accelerator, and they raised their first financing round. The getFitter team grew to the 11 members it has today, working from all around the world (Dallas, New York, Dusseldorf & Bucharest). They’ve already started the discussions for securing their second financing round and next month they will begin piloting their corporate wellness app with three employers in the US.
MVP Academy had a major contribution both to our acceptance in a valuable US-based accelerator, and to our evolution after completing the program. More than this, the program helped us refine lots of ideas that we’ve further on had the chance to discuss and evaluate with several exceptional mentors. We highly appreciate the things we’ve discovered and learned during the program and we’re proud to be part of the first batch of MVP Academy, said Bogdan Predu, Founder getFittter Inc.
And this is not all. Qalendra, the world’s festivals and events travel calendar, has already raised 2 rounds of financing and they will soon relocate to the US where they’ve been accepted to a well-known Seattle-based accelerator.
Lifebox (photo sharing tool allowing users to privately share photo albums with their friends) and Pocketo (development board used to build any wearable devices) also have some interesting stories to tell: they’ve raised the first financing rounds and are currently being accelerated in Ignite 100, one of UK’s top accelerators, while Gloria Food (free online ordering system for restaurants) has registered a consistent user base growth, launched their first paid feature and started on-boarding the first paying users.
Curious to find out more? Here’s the 6 months follow-up report presenting the detailed evolution of the How to Web MVPÂ teams after completing the program.
The program is getting ready to launch the call for applications for the second batch. Taking into account the last year’s experience, the program has made some improvements in the structure andÂ expectations are set even higher. Early stage tech startups interested in being part of the second round? Sign up here to be the first to know the latest news about How to Web MVP Academy 2.
How to Web MVP Academy has been supported by Telekom Romania, Microsoft, Bitdefender, Raiffeisen Bank, hub:raum, TechHub Bucharest & F6S and all the amazing mentors that generously invested their time and effort into making this program a success.