Have an Innovative Idea? MITA Invites Startups to Apply for the “TechHub” Pre-Accelerator

The Agency for Science, Innovation and Technology (MITA) and Vilnius University (VU) invites startup teams and those with innovative ideas to register for the fourth cohort of the “TechHub” pre-accelerator. During the program, selected startups will participate in a three-month training course, in which they will develop their ideas, meet investors and business angels, gain business development knowledge, find new team members and receive services worth 25,000 Eur. The application process will end on September 26th.

“Startups participating in this pre-accelerator can self-evaluate and improve their ideas without any risk. Even if the initial idea does not work during the program, ideas are changed with the help of personal mentors, and the acquired business development knowledge, established contacts with the startup community and investors will definitely be useful for participants in any future activities,” says Gintarė Narakienė, “TechHub” project manager.

40 teams in various fields have already completed the program, another 20 are currently participating. The program so far brought together more than 150 professionals from various fields, they are led through the program by 9 mentors, a large team of partners, innovation experts, and investors.

As in previous “TechHub” pre-accelerator cohorts, the program contains a total of twelve training topics. Startups will refine the target customer, perform market and competitor analysis, create market entry strategy, learn about business and product development, positioning, branding, team building, intellectual property, investing.

Successful graduates will have the opportunity to present themselves to the investors at the final “Demo Day” event. In addition, the best performing teams will be awarded valuable prizes - tickets to accelerators abroad and trips to meetings with partners or events in the EU countries.

Startups (small companies with high and innovation-based business development potential, operating for up to 5 years), as well as teams with an innovative idea intending to register a company during the pre-accelerator, can apply for participation. Each applicant team will have to provide information about the startup, team, and service (product). The received applications will be evaluated and the participants will be selected by the project experts.

You can also find out more about the program at the Pre-accelerator Info Day Event, during which the program manager dr. Gediminas Rumšas will present the content of the program in more detail, talk about the application process, benefits, mentors, and prizes. During the event, all questions will also be answered by participants from previous cohorts.
Registration is open until September 26th. The pre-accelerator will start on October 25. Depending on the epidemiological situation, the program might be conducted remotely, in Lithuanian or English, depending on the needs of the selected teams.

You can find the registration form here.

TechHub is a project implemented by the Agency for Science, Innovation and Technology (MITA) to help develop early-stage innovative business ideas, encourage intensive start-up growth and sustainable development of the entrepreneurial ecosystem. The aim of the project is to encourage researchers, scientists, students and businesses to develop innovative ideas, provide their teams with support and opportunities for intensive growth. We invite you to follow all project related news on Facebook and LinkedIn as well as https://mita.lrv.lt/lt/veiklos-sritys/mita-vykdomi-projektai/techhub.