CEED Tech is a consortium of five startup accelerators that are based in Central and Eastern Europe. The company’s mission is to help young companies build viable products, launch them quickly, and successfully raise capital. CEED Tech’s five 3-6 month acceleration programs are based in vibrant technology hubs in Estonia, Lithuania, Slovakia, The Czech Republic, and Hungary. The company’s acceleration process is broken down into four phases, and it has helped to launch 94 technology companies since 2011.
A Consortium of Five Startup Accelerators
CEED Tech is a consortium of five startup accelerators that are based in Central and Eastern Europe. Its members are StartupYard in Prague, Digital Factory in Budapest, The Spot in Bratislava, Startup Wise Guys in Tallinn, and Open Coffee Club Vilnius. Together, these accelerators have helped to launch 94 technology companies since 2011 and have helped these companies to raise over €5M in seed and venture capital. CEED Tech is committed to helping young companies build viable products and successfully raise capital, and its accelerators are designed to meet the specific needs of each participating team.
A Comprehensive Acceleration Process
CEED Tech’s acceleration process is broken down into four phases. The first three phases take place in-house, at the company’s accelerators, for 3 to 6 months, depending on location. Each team accepted to the accelerator will receive initial seed financing in the form of a grant in total of up to €30,000. In addition, promising companies with the highest potential business ideas, who have proved the viability and market potential of their product idea, as well as capabilities of the project team, will receive follow-up funding of €30,000 – 250,000 after the program. CEED Tech carefully designs its acceleration processes around the specific needs of its participants, while employing best practices established by larger, world-leading technology accelerators like Y-Combinator, Seedcamp, and Techstars.
Funding from Private Angels and Venture Investors
CEED Tech is a project co-funded by the European Commission under the Seventh Framework Programme (2007-2013). All investments made are co-financed by private angels and venture investors with a proven track record of cooperation with the company’s accelerators. The private investment will be made in return for 5% to 15% of equity stake in the startup. CEED Tech’s commitment to building viable products and successfully raising capital is reflected in its partnership with private angels and venture investors.
Conclusion
CEED Tech is a consortium of five startup accelerators that are based in Central and Eastern Europe. The company’s mission is to help young companies build viable products, launch them quickly, and successfully raise capital. CEED Tech’s acceleration process is broken down into four phases, and it has helped to launch 94 technology companies since 2011. The company’s partnership with private angels and venture investors is a testament to its commitment to building viable products and successfully raising capital. With its accelerators based in vibrant technology hubs in Estonia, Lithuania, Slovakia, The Czech Republic, and Hungary, CEED Tech is a valuable partner for young companies looking to launch and grow in Central and Eastern Europe.
Link to the startup’s website and social media:
Website: http://www.ceedtech.eu/
Twitter: http://twitter.com/ceedtech
Facebook: http://www.facebook.com/Ceedtech/info
LinkedIn: https://www.linkedin.com/company/ceed-tech/
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