TechFounders

“The aim of the accelerator program is to get you one of our industry partners as a high class customer or investor”

Award Amount

€25,000 (approx. $28,000 USD)

Location

Munich (Garching) Germany

Duration

20 weeks

Benefits

  • €25,000 (approx. $28,000 USD)
  • Direct access to industry partners, such as BMW, Bosch, Festo, Siemens, Munich Re, and HypoVereinsbank
  • Free office space and administrative support
  • Access to a 1,500m2 high-tech workshop – MakerSpace
  • Access to events and training sessions provided by the incubator network
  • Intensive coaching and mentoring by 200 VC’s, serial entrepreneurs and experts
  • Demo Day opportunity to meet over 100 VC’s, business angels, industry partners and press

Who Can Apply

  • Everybody who is passionate about building a technology company is welcome to apply
  • All business models (e.g. Freemium, SaaS, License, etc.) if they are operating in the fields of automotive, robotics and automation, financial services, cleantech, software, telecommunications and electronics
  • International applicants are welcomed

Selection Criteria

  • Founders should demonstrate tenacity, strong technical know-how, good judgment, the ability to clearly explain complicated matters, and 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
  • In-person interview before a selection committee

Conditions

  • All program events are mandatory
  • Teams are required to stay at the accelerator full time
  • A group evening check-in is held every Thursday evening

Website

TechFounders

As always, this program takes ZERO equity!