Startup Sauna

Apply to this 7-week intensive startup accelerator and choose between a $1,000 USD grant and free accommodations. You also receive one-on-one coaching and free coworking space, as wells as a free invitation to Slush, Northern Europe’s premiere rock-and-roll startup event.

Applications for the recent batch have closed. Follow Lootstrap on Facebook for updates!

Award Amount

  • €1,000 (approx. $1,065 USD)

Location

  • Helsinki, Finland

Length

  • 7 weeks

Additional Benefits

  • Teams may accept free accommodations instead of cash grant
  • Free coworking space in the Otaniemi district near Helsinki center
  • One-on-one coaching sessions with veteran entrepreneurs, investors, and VCs
  • Working alongside other international startup companies
  • Visa invitation letters provided for successful applicants from outside the EU

Who Can Apply

  • Teams with innovative, scalable products in one of the following areas:
    • Electronics and instrumentation
    • Fintech
    • Internet and IT Services
    • Marketing and advertising
    • Security
    • Software
    • Telecommunications
  • Have developed a working prototype or already launched a product
  • Fluent in English (program held in English)

Selection Criteria

  • Teams with the knowledge and skills to execute their idea
  • Quality of your business model and its potential

Application Process

  • Apply in person at one of many local events across Europe
  • Or fill out a written application
  • Finalists will get an additional assignment and may be interviewed

Conditions

  • Full-time presence is required for the entire duration of the program
  • Startup Sauna provides invitation letters, but applicants must obtain their own visas

Post-Program Perks

  • Selected teams get the chance to go to London, Berlin, or Silicon Valley
  • Free access to Slush and chance to participate in Slush 100 pitching competition

Website

As always, this program takes ZERO equity!