Teams of Kaunas Startups Accelerator spent eight weeks strengthening their product through different angles and soaking up experience and advice from international and local experts. The program concludes on December 6 when eleven startups will pitch to investors and compete for valuable prizes.
Every week teams participated in free workshops, received tailored personal consultations, and took part in speed mentoring sessions with over 40 mentors from leading organizations: Civitta, Socialus marketingas, Startup Wise Guys, SEB, JurisConsultus, Neo Finance, Katalista Ventures, Svaros broliai, Startup Division, BitDegree, Triniti, and others. International experts—M Wallace Green, Mario Krivokapic, Cristobal Alonso—helped teams develop business plans, position their products, pitch to investors.
The progress made during the acceleration program will be evaluated on December 6 at the final event, Demo Day. Startups will pitch their polished product ideas to an honourable commission comprised of investors from Lithuania‘s Business Angel Network, Practica Capital, Open Circle Capital, Business Angels‘ Fund II, and others. Top startups will be invited to start negotiation on investment and receive prizes that will help them further grow their products: a foreign startup ecosystem exploration mission to a chosen destination; Consulting Voucher for services by a leading management consulting company Civitta; an invitation to the Bootcamp of the prestigious Startup Wise Guys accelerator for the upcoming Vilnius program; incubation services at KTU Startup Space; legal services from JurisConsultus; and a co-working space at Talent Garden Kaunas. In total, startups will be awarded prizes worth 10,000+ euros.
“Kaunas Startups Accelerator deserves 20 out of 10 stars. The program completely delivered on what was promised and exceeded my expectations many times. The connections made during speed mentoring are top of the industry,” says Petras Janulevicius, member of TaskerMate, a startup participating in the acceleration program.
Demo Day is a free event open to the public. It wil take place from 3 to 6 pm on December 6 at the Bosca Amphitheatre of Zalgirio Arena. You can find more information and register HERE.