launch | connect | transform

A targeted venture platform for early stage startups

launch | connect | transform

A targeted venture platform for early stage startups

launch | connect | transform

A targeted venture platform for early stage startups

Ideal for first time founders,
researchers and entrepreneurs in residence

Build a capable team, incorporate your startup, and launch your MVP – incubate

Ideal for first time founders, researchers and EIRs, the Spark focuses on validation, operations setup, team formation and scale – venture formation

Receive financial support from the funds of the Equifund vehicle, including but not limited to our very own Velocity.Partners - Grow

Access new European markets and negotiate partnerships with major corporations. Ideal for companies above 1M ARR - scale

team formation

Team formation

operation_setup

Operations setup

validation

Validation

growth

Scale

Participation

Spark will comprise an intensive 8 weeks program for up to 5 teams each cohort. For 2020, the teams will be selected from the pool of teams that have successfully completed the EIT Digital Venture Program 2020.

It provides tailored coaching, training on service design and pitching, as well as opportunities for networking and exposure to market.

The program targets technological companies from Greece, Cyprus, Bulgaria, Romania and Albania. It is offered at no cost to the selected startups.

Focus

We are choosing among innovative, tech companies developing products in 5 major fields

Digital Industry

Digital Wellbeing

Digital Tech

Digital Finance

Digital Cities

Benefits

1

Be assigned a sponsor that will monitor their progress and accelerate their growth.

1

The sponsor will be responsible to customize support to each team and pull resources as required.

2

Receive service design guidance and support focused on their product...

2

making sure of the correct product fit and market alignment

3

Be connected through their sponsor to mentors

3

from Found.ation’s ecosystem and other industry experts

4

Have access to cloud infrastructure, ad spending budget and professional advisory services

4

all provided for free by our platform partner

5

Receive intensive support, tailored to each team's needs

5

to accelerate the development of the startups

1

Be assigned a sponsor that will monitor their progress and accelerate their growth. The sponsor will be responsible to customize support to each team and pull resources as required

2

Receive service design guidance and support focused on their product making sure of the correct product fit and market alignment

3

Be connected through their sponsor to mentors from Found.ation’s ecosystem and other industry experts

Provided by our sponsors

  • Receive a complimentary media plan of €3000 by Kathimerini, with the possibility of a custom follow-up media-for-equity deal.
  • Get free credits and significant discount for the “Oracle for Startups” package, receive 1:1 consulting and participate in webinars from Oracle specialists.
  • Participate in business webinars by PWC consultants and join 1:1 sessions with their industry experts.
Work with a dedicated coach that will monitor your progress and push towards accelerating your growth. The coach will be responsible to customize support to each team’s needs and pull resources for help as required.


Receive service design guidance and support, focused on your product and users, aiming at the correct product fit and market alignment.


Connect through your coach to mentors from Found.ation’s ecosystem and other industry experts.

Provided by our sponsors

Kathimerini will offer to the participating companies a communication program through its printed and digital media, which will promote the product and the goals of the companies.

Oracle will provide all teams with participation in the Oracle for Startups program, including free credits for using Oracle Cloud services, as well as significant discounts afterwards, and a chance to get in touch with Oracle’s international startup ecosystem. Company experts will contribute to the technological guidance and consulting support of the teams that will choose it.


PwC will provide specialized consultants, who will offer training to the teams on specific business sectors through the organization of targeted seminars, while at the same time they will provide guidance and consulting services to the teams that request for them.

Selection criteria

Team:
Is your team in a position to tackle the challenge you are proposing and deliver results at a larger scale?
 
Product & Technology:
Do you have a technological MVP, close to launching in the market, implementing novel technologies?
 
Business Model:
Have you devised a comprehensive financial plan, ensuring a profitable business with exponential growth?
 
Scalability:
Can your product be developed fast enough and enter a global market in the near future?

Outcomes

Startup founders taking part will:
  1. Develop a go to market strategy and test their product market fit
  2. Optimize their business plan for entering the market with confidence
  3. Deliver a cutting edge technological product
  4. Network with key stakeholders, potential corporate clients and investors
  5. Have the opportunity to grow on a professional as well as personal level
  6. Fine tune their investment plan and readiness, targeting pre seed to seed financing (100-500k)

Outcomes

Startup founders taking part will:
1. Develop a go to market strategy and test their product market fit
2. Optimize their business plan for entering the market with confidence
3. Deliver a cutting edge technological product
4. Network with key stakeholders, potential corporate clients and investors
5. Have the opportunity to grow on a professional as well as personal level
6. Fine tune their investment plan and readiness, targeting pre seed to seed financing (100-500k)

Key dates

Announcement of selected teams

07/09

Spark Cohort starts

14/09

2 months Program duration

Ecosystem event

08/10

Spark Cohort ends

06/11

Closing event

23/11

Program supporters

Found.ation Spark program is supported by:
KATHIMERINI
oracle_for_startups
PWC