Before the summer really kicks in, and you head to your chosen or yet-to-be-chosen holiday destinations, you might want to review your startup application once more, and send it out. Munich-based accelerator ProSiebenSat.1 is currently accepting submissions, and will do so until 15 July. You can apply now here.
The accelerator is looking for up to seven startups from the fields of entertainment, digital media or e-commerce to join the programme at the beginning of September. It will provide participants with coaching, mentoring, free office space, and access to potential investors for three months, as well as with 25.000 euros in seed money in exchange for 5% equity. The goal of the programme is to enable companies to develop innovative business models and position themselves on the market for the long run. Also, one of the startups will get a chance to pitch at the SevenVentures Pitch Day in November.
The current batch
The call for applications has gone out to find ProSiebenSat.1’s second cohort. In the meantime, the first batch of six startups is getting closer to the end of their three-month acceleration. The teams, whose programme launched on 1 April, have already had the chance to pitch their projects to investors, and will have their Demo Day on 24 July.
Part of the current batch is Austrian startup DreamaTV, whose platform aims to introduce non-fiction stories of people who make a living by pursuing their dreams. Other startups include ampido, a parking lot finder app, and get2play, an e-learning music platform. For the complete list, go here.
Yet another opportunity
While the accelerator’s first round comes to an end and preparations for the next are underway,there seems to be more in store for up-and-coming startups. We reported some time ago that Austrian private TV PULS 4, which belongs to the German ProSiebenSat.1 Media AG, is getting ready to roll out a reality TV startup show. The format will select about 25 startups to pitch their business ideas to a “high-profile” jury on TV, who in turn will decide whether or not to invest in them, and if so – to what extent.
Although the Start-Up Show (only a working title) is developed independently of the ProSiebenSat.1 accelerator programme, Oliver Svec, programme director of PULS 4, said that overlaps among the selected teams might occur. The submission window is currently open (for more go here), so perhaps you’d like to make two copies of your application.
Among the main selection criteria are “an innovative and scalable idea with potential investment” and “a business-to-consumer orientated concept”, as those profit the most from a public presence, said Svec. And to set things into perspective, he added: “There will also be an investment of about 2 million euros as part of the show.”