Deadline: 12-Jun-22
If you work for a startup involved in the fight against climate change, we have what you need to take your venture to the next level. Baltics & Slovakia ClimAccelerator program is delivered by cleantech experts and tailored to support startups in the region.
ClimAccelerator helps you scale your solution and take your venture globally, attracting potential investors and vastly expanding your reach.
Stages
- Business model development
- Intended to help early-stage Start-ups refine and develop their specific USP and business model.
- Focus on business fundamentals, testing the business model;
- First 2 weeks intensive workshop focusing on developing a comprehensive business case and efficient pitch deck;
- Further, 1:1 sessions with the business coach to set milestones and move further;
- Voluntarily thematic sessions on business development, sustainability, etc.;
- 1:1 sessions with different industry mentors
- Climate impact assessment workshop
- Intended to help early-stage Start-ups refine and develop their specific USP and business model.
- Customer traction & validation
- In this stage participants will develop and validate business models with real-life customers, plan the development of their products/services, focus on the essentials of finance, sales, marketing.
- Program will start with participation to ”Tartu Start-up days” and a stage time in the conference;
- Intensive 1:1 sessions with the business coach to set milestones and move further;
- Thematic sessions on business development, sustainability, etc.
- 1:1 sessions with different industry mentors
- Climate Impact assessment & validation
- Pitching and networking in an international ‘Investor Days’
- In this stage participants will develop and validate business models with real-life customers, plan the development of their products/services, focus on the essentials of finance, sales, marketing.
- Embracing collaboration & accessing finance
- In this stage focus is put on preparing for investment attraction, building networks, and collaborations – within Climate-KIC Alumni network and elsewhere.
- Thematic sessions on business development, sustainability, etc.
- Sessions with different industry mentors
- Climate Impact assessment & validation
- Pitching and networking in an international ‘Investor Days’
- Insight into further investment opportunities
- In this stage focus is put on preparing for investment attraction, building networks, and collaborations – within Climate-KIC Alumni network and elsewhere.
Benefits for the startup
- Hands-on program
- Financial support
- 1:1 mentoring & coaching
- Networking events
- Access to investors
Funding Information
- Grant: 2 850 EUR
- Convertible note investment: 50 000 EUR (20 000 EUR cash + 30 000 EUR services from Climate-KIC + 3 month Acceleration program) EIT Climate-KIC as a strategic seed investor.
- Funding: no grant, but qualitative program content aimed for investment attraction
Eligibility Criteria
They are looking for people passionate about fighting climate change. General requirements:
- Team with minimum 2 founders
- Company isn’t older than 5 years
- Founders have >75% equity of their company
- Startup must be incorporated, or plan to incorporate in Estonia, Latvia, Lithuania or Slovakia
- Scalable solution
- Potential high climate impact or significant climate adaptation
- Looking for one of the first investments
- Full commitment to the program
For more information, visit https://balticsk-climaccelerator.eu/#toggle-id-2