buildit accelerator of hardware startups

Accelerator of hardware startups A startup accelerator in Europe specialized in robotics, electronics, gadgets Why? There´s a hardware revolution underway. “It’s a shift that Silicon Valley has taken note of in the last couple of years. Hardware startups are increasingly sharing the spotlight with software companies. Take Nest, the smart thermostat; Lytro, a camera that lets you adjust point of focus; and Pebble, the smartwatch that broke Kickstarter’s funding record with more than $10 million pledged” (Wired) Technology innovations during the last decade have made it possible to have a similar efficiency play in hardware as we have witnessed in software.This means huge potential for new start-ups. Where? Tartu, Estonia (in Northern Europe) and how? It´s a great location for the development phase, prototyping and testing of new hardware products. We have high-quality mechanical, electrical and software engineering, excellent facilities offering complex product development services in the field of precision mechanics and mechatronics with focus on offering 3D design and prototype production services (see www.protolab.eu). Manufacturing can be organized in cooperation with strategic partners in Estonia and Finland (small-scale), China and Taiwan (large-scale). Buildit seed-fund is raised from regional angels. Buildit connects startups to 50+ investors in the Silicon Valley, UK, Israel and China. Follow-on funding & networking are of key importance, therefore trips to investor hotspots and big hardware events are part of the program. Success stories from estonia so far? Some examples. program for new global success stories in hardware: Click&Grow smartpot that grows plants without watering and fertilizing received 625 000 USD (more than 10 400 backers) at Kickstarter shaka wind measuring device for wind sports (wind surfing, sailing, golf, etc.). The first wind meter for iPhone. The company also participated in the HAXLR8R accelerator program. Fits.me Virtual fitting room, SaaS solution based on sophisticated robotic mannequins. Series A investment in the company close to 5.5 mln EUR Intensive 3-month mentoring & development program + 1 month investor “roadshow” (UK, US, China) + alumni program World-class mentors from top engineering and technology giants (ABB, Ericsson, Siemens), and local start-up successes (Click&Grow, Fortumo); research institutions (Stanford, Berkeley, Tsinghua) 15k EUR investment per start-up for 10% equity 2 batches annually,up to 12 teams per batch Accepting strong applicants globally Business + Technology & Design track - Business model development - Free office space & business service deals - Product development, prototyping, testing - Contacts with trustworthy manufacturers

Upload: viesturs-selmanovs-pless

Post on 27-Nov-2015

49 views

Category:

Documents

3 download

Report

Download

Embed Size (px):

DESCRIPTION

BuildIt Accelerator of hardware startups (Iganijā, Tartu)Why? There´s a hardware revolution underway.Where? Tartu, Estonia (in Northern Europe) and how?Program for new global success stories in hardware:

TRANSCRIPT

Accelerator of hardware startups

A startup accelerator in Europe

specialized in robotics, electronics, gadgets

Why? There´s a hardware revolution underway.

“It’s a shift that Silicon Valley has taken note of in the last couple of years. Hardware startups are increasingly sharing the spotlight with software companies. Take Nest, the smart thermostat; Lytro, a camera that lets you adjust point of focus; and Pebble, the smartwatch

that broke Kickstarter’s funding record with more than $10 million pledged” (Wired)

Technology innovations during the last decade have made it possible to have a similar efficiency play in hardware as we have witnessed in software. This means huge potential for new start-ups.

Where? Tartu, Estonia (in Northern Europe) and how?

It´s a great location for the development phase, prototyping and testing of new hardware products. We have high-quality mechanical, electrical and software engineering, excellent facilities offering complex product development services in the field of precision mechanics and mechatronics with focus on offering 3D design and prototype production services (see www.protolab.eu). Manufacturing can be organized in cooperation with strategic partners in Estonia and Finland (small-scale), China and Taiwan (large-scale). Buildit seed-fund is raised from regional angels. Buildit connects startups to 50+ investors in the Silicon Valley, UK, Israel and China. Follow-on funding & networking are of key importance, therefore trips to investor hotspots and big hardware events are part of the program.

Success stories from estonia so far? Some examples.

program for new global success stories in hardware:

Click&Growsmartpot that grows

plants without watering and fertilizing

received 625 000 USD (more than 10 400

backers) at Kickstarter

shaka wind measuring device

for wind sports (wind surfing, sailing, golf, etc.). The first wind meter for iPhone. The company also participated in the HAXLR8R accelerator

program.

Fits.meVirtual fitting room,

SaaS solution based on sophisticated robotic mannequins. Series A

investment in the company close to 5.5

mln EUR

Intensive 3-month mentoring

& development program + 1 month investor “roadshow”

(UK, US, China) + alumni program

World-class mentors from top engineering and

technology giants (ABB, Ericsson, Siemens), and local start-up successes (Click&Grow, Fortumo);

research institutions (Stanford, Berkeley, Tsinghua)

15k EUR investment per start-up

for 10% equity

2 batches annually,up to 12 teams per batch

Accepting strong applicants

globally

Business + Technology & Design track- Business model development- Free office space & business service deals - Product development, prototyping, testing - Contacts with trustworthy manufacturers