The Agency for Science, Innovation and Technology (MITA) invites startup teams and those with innovative ideas to register to the “TechHub” pre-accelerator. During 12-week program selected startups will participate in a three-month training course, develop their ideas and present them to investors. The sixth cohort of the program will begin in May and it is expected to be the last one so far.
„The pre-accelerator has been running for a year and a half. We are glad that during this period we have established many useful partnerships and constantly feel the support from the Lithuanian innovation ecosystem. The graduates of the program together have already attracted more than 4 million Eur of investments and this is just the beginning of their journey,” says Gintarė Narakienė, “TechHub” project manager, about the results of the program.
“TechHub” is the most intensive startup training program in Lithuania. 90 startups have already completed the program, 25 are currently participating. In total, the pre-accelerator brought together about 300 innovators, assisted by 10 program mentors from Lithuania and abroad, and a large number of partners, innovation experts and investors.
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, intellectual property and gain other skills necessary to turn their ideas into s business.
Startups in various fields can take part in the program, but ideas than could help Ukraine and its people is more welcome than ever. “During the „TechHub hack for Ukraine“ that we organized a couple of weeks ago, several tools to improve the effectiveness of humanitarian aid and information dissemination were developed. All teams were invited to participate in the pre-accelerator. We very much hope that we will see even more innovations in this field during this cohort,” says G. Narakienė
Each participating team will have an individual mentor throughout the entire pre-accelerator. “This is the greatest uniqueness of our program. Consistent work with the mentor helps to solve emerging problems and gain useful knowledge. Also, mentors can provide additional resources or contacts,”– says G. Narakienė.
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. 15 winners from previous cohorts have already used this opportunity.
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.
Registration is open until April 17th. The pre-accelerator will start on May 16th. Depending on the epidemiological situation, the program might be conducted remotely. Program language – English. Learn more about the program during the info day event on April 12th.
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 website.
The project is funded by the European Regional Development Fund. No: 01.2.1-LVPA-V-842 “Inogeb LT”