TechFounders

If you’re an early-stage tech startup in one of the appropriate fields (see below) you might want to hand in your application to this accelerator program. Their aim is to get you one of their industry partners —  BMW, Bosch, Festo, Linde, Miele, or ADAC — as a high-class customer or investor.

Apply now and follow Lootstrap on Facebook for updates!

Award Amount

  • €25,000 (approx. $28,000 USD)

Location

  • Munich (Garching) Germany

Length

  • 20 weeks

Additional Benefits

  • Direct access to industry partners, such as BMW, Bosch, Festo, Linde, Miele, and ADAC
  • Free office space and administrative support,
  • Access to a 1,500 sq m high-tech workshop – MakerSpace
  • Access to events and training sessions provided by the accelerator network
  • Intensive coaching and mentoring by 200 VCs, serial entrepreneurs, and experts
  • Demo Day opportunity to meet over 100 VCs, business angels, industry partners and press

Who Can Apply

  • Everybody who is passionate about building a technology company
  • Early and seed-stage startups still below €2,000,000 funding
  • Companies looking to do a pilot/proof of concept with one the industry partners
  • All business models (e.g. Freemium, SaaS, License, etc.) operating in the ff fields:
  • Automotive, robotics and automation, 3D printing, big data, kitchen & cooking, smart home, industrial IoT, industry 4.0, cleaning & hygiene, industry software, electronics, mobility, and wind power
  • International applicants are welcome

Selection Criteria

  • Founders should demonstrate the following qualities:
    • Tenacity, strong technical know-how, and good judgment
    • The ability to clearly explain complicated matters,
    • A great product sense and a clear passion for outcomes
  • Teams of 2 or 3 preferred
  • Ideal team has both a technical cofounder and a business-side cofounder
  • Focus is on markets that are big enough to make the top venture funds interested
  • “Stellar teams without a clear market focus may be admitted”

Application Process

  • Written application via website
  • Video conference for pre-selection
  • Live pitch (preferred) or video conference for final selection

Conditions

  • All program events are mandatory
  • Teams are required to stay at the TechFounders office for 7 out of the 20 weeks

Website

As always, this program takes ZERO equity!