Deadline: 28 April 2024
Embark on an pan-European market discovery and validate your MVP into a scalable solution, by applying to the Startup Reaktor Program 2024.
Startup Reaktor is a validation platform (a mix between the acceleration, incubation and investment processes), created as a launchpad for early-stage tech startups in SEE.
They are so much more than a mentoring program with a demoday or startup tourism immersion tours. They are pragmatically focused on assisting the demand generation for the startup teams joining the program.
In a hybrid format, startups will go through an experiential process based on most validated frameworks, research tools and business modeling design. All with the objective that founders find their new best market and scaleup beyond national borders, with the guidance of experienced mentors, and commercial advisors.
The 4th edition is built on top of the team latest experiences in Romanian Tech Startups Association, the strategic collaborations with Techcelerator, the experience of Romanian Internationalization and Commercialization Assistance Program – RICAP, initiated back in 2015, and the EIT Digital continuous partnership.
To all this they add up in 2024 new benefits through the consolidated partnership with the teams at Strategy Tools Norway and Innovation Norway, SeedBlink, TechAngels, Linnify in Romania and European Startup Network in Brussels.
The program is designed and run by the Romanian Tech Startups Association team in partnership with European partners and regional investors.
Verticals
- Enterprise Software
- Financial Services
- Data Automation
- Cloud Technologies
- Cleantech
- Sustainability
- Cybersec
- DefenceTech
- AeroSpace
- Transportation
- eHealth
- Agritech
Pillars
- Market Access
- with the support of the partners in Western Europe, DACH region, Nordics and the UK they will facilitate the identification of the perfect market for your internationalisation actions and you will receive support for your softlanding in the specific choosen countries.
- Validation Framework
- Through the fast-forward process and experiments facilitated by Strategy Tools from Norway & Linnify, they will assist you in deconstructing your solution and build and MVP based on the principles of User Desirabilty, Feasibility & Viability.
- Launch ProxyMarket®
- From your HomeMarket on your road to the PerfectMarket they will analyze and identify a series of optimal potential markets in which they will experiment and test partnerships. Through this process, they will identify that specific market to take it as ProxyMarket® fit for softlanding and prepare to launch opperations.
- Get Early Traction
- Based on the frameworks they will analyze the customer forces existing in the new international market and they will practically address how to bring on board initial clients to achieve faster customer-to-solution fit. On the demand generation side, they will assist you with leads & partnerships in the new market/s, with the go-to-market and commercialization strategy.
- Startup Valuation
- During the program you will obtain an initial valuation from the investment board formed by VC investors and business angels. As you pass through the validation process and you increase your commercial activities in new markets the startup becomes more competitive you will receive a new & multiplied valuation towards the end of the program.
- Investment Round
- The most performant startups will access initial investment rounds and will be invited to VC & angel rounds or crowdfunding campaigns from the investment partners: SeedBlink, TechAngels Romania, EIT Digital, other equity investors and angel investment partner clubs.
- Through the strategic partnership with Techcelerator they are continuously supporting the alumni on their Investment Readiness strategy to unlock Seed and Late Seed rounds.
Startups Join For
- International Validation First
- Founders in South-East Europe have a tendency to delay the international outreach. This program is bringing a paradigm shift: focus and urgency on validating a new international market.
- Market Readiness Strategy
- Over 80% of the experts and partners have 10+ years experience in more than one European market. Together they will generate your strategy to develop beyond your home market.
- Discover Distribution Partnerships
- Via the program partners in Western Europe, DACH, Scandinavia and The UK they will assure the local ground support to initiate and expand your partnerships. If Europe is too small they access the globe.
- Dedicated Commercial Success Mentors
- From the network of sales experts and mentors they will matchmake you with the ones that best fit your profile and needs of expansion. Together they will continuously assess and enhance the performance.
- Access to Softlanding Missions
- Throughout the year you have the opportunity to access TechMissions that they are organizing with the occasion of the most prominent conferences in West & North Europe.
- International Alumni Community
- The programs Alumni are now present in 50+ countries in the world and they support companies from 10+ countries in Europe. Also, on specific topics you could access the partners alumni communities.
What they are looking for?
The goal of Startup Reaktor is to give access opportunities to startups enrolled for growing their business, funding, and scaleup beyond national borders. Selection will be based on the quality of the submission prepared by the team:
- By validating at least, a first mock-up prototype, they are proving the fit of the MVP to solve a market challenge within one of the verticals.
- Business model, implementation, and scalability of the venture.
- The team’s capabilities and quality of execution of the strategy, including clearly defined technical and business skills, are of paramount importance.
- Communication skills demonstrated and general quality of the presentation.
Criteria
- Startup Reaktor is addressing all early stage startups / idea stage up to going to market with an incorporated team or not, no matter if they have or not a MVP
- Each team can submit one and no more than one application.
For more information, visit Startup Reaktor.