startup spotlight report 2013
DESCRIPTION
Apply for Startup Spotlight 2014 to pitch on stage, meet world-renowned accelerators, early stage investors, strategic partners & win $20k in cash awards! 35% success rate in 2013, and it’s absolutely free. Startup Spotlight is dedicated to supporting early-stage CEE startups on their way to securing investments, joining top acceleration programs and finding strategic partners to support their growth. Last year’s results speak of the quality of the program: 35% of the 2013 finalists have either received funding, secured an essential partnership or found strategic advisers to support their future growth. Startup Spotlight is part of the How to Web Conference, one of the leading CEE tech & entrepreneurship events.TRANSCRIPT
FOLLOW-UP REPORT
HOW TO WEB STARTUP SPOTLIGHT 2013
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2013 PROGRAM OVERVIEW
4 days of workshops, pitching, accelerator presentations, investment panels,
mentoring sessions and 1 to 1 meetings with accelerators and investors
32 early-stage startups from 5 countries in the CEE region
14 accelerators from Europe
20.000$ cash prizes
Participants who have closed an important deal as a consequence of participating in Startup Spotlight.
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Yes, 12
No, 20
Yes No
CLOSED DEALS
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Got Accepted to an accelerator, 5
Got a VC investment, 1
Signed a partnership, 5
Found an advisor/mentor,
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Other, 1
• Found an advisor/mentor • Got Accepted to and accelerator • Got a VC Investment • Signed a partnership
UNFINISHED NEGOCIATIONS
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Yes, 10
No, 22
Yes No
1. We talked with an accelerator in the region.
2. We were approached by an accelerator, but we're looking for different opportunities.
3. We have had a discussion with a couple of investors and 2 accelerators (one in Europe and one in China/US).
4. Met a regional accelerator’s representative & got a shortcut to their pitch day event that was just a few days away from How to Web, where we pitched. We were also invited to Budapest for a startup training event.
5. We started discussing an investment with a VC fund, and didn't close.
6. Found avangate.com.
7. After How to Web we got investment offers from some pretty awesome funds for early-stage startups :-) We declined.
8. Lots of talking to weed out investors we don’t need or which cannot help us. At the end we found a match.
HOW IS THE BUSINESS GOING?
Developing and growing strong,
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We're struggling, 8
We've closed, 5
Developing andgrowing strong
We're struggling
We've closed
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WHAT STAGE IS YOUR PRODUCT IN NOW?
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It's still a prototype, 6
We're in beta, 6
We've launched the MVP, 4
We've officially launched, version 1+, 9
We pivoted, 2
Business closed, no product, 5
It's still a prototype
We're in beta
We've launched the MVP
We've officially launched, version 1+
We pivoted
Business closed, no product
PARTICIPANTS’ PROGRESS
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Wyliodrin
Launched second version of the product.
Partnered with Intel as the official recommended software for Galileo.
Expanded.
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https://www.wyliodrin.com/
GloriaFood
Publicly launched the product on 2 mobile platforms.
Doubled the development team.
Adding 15 restaurants/day (60% in US).
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http://gloriafood.com/
Appticles
Got accepted to Launchub.
Got accepted to Wayra.
Publicly launched the product.
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www.appticles.com
Synetiq
Got accepted to Startup Sauna.
Received a 40k euro investment.
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http://synetiq.net/
Omnipaste
Went to the WARP acceleration program from hub:raum Cracovia.
Received 80k euro funding.
Launched the Beta.
Got featured on www.soft32.com.
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https://www.omnipasteapp.com/
14 Apply for Startup Spotlight 2014,
until October 20th! StartupSpotlight.co