This year’s ProSiebenSat.1 accelerator programme will begin on 1 April – startups from all market segments will have a shot at coaching, mentoring, networking and quite some media exposure to boot! The deadline for applying is 16 February.
What is it?
The ProSiebenSat.1 accelerator programme will begin in April and will run until the end of June. As a start, the eight startups ultimately selected will receive 25.000 euros for 5% equity, with ProSiebenSat.1 looking to set them up in their own headquarters in Unterföhring (near Munich). The chosen ventures will receive advice from the accelerator’s executives, mentoring and personal development sessions and a chance to participate in the SevenVentures Pitch day for seven million euros – with a wild card entry. Startups from previous rounds include Kinematic Blocks and Talentry. Out of the 13 startups in the accelerator’s portfolio, almost all are still cooperating with the ProSiebenSat.1 media group.
Who can apply?
Jens Pippig, Head of the ProSiebenSat.1 Accelerator Program, told inventures.eu that “the accelerator programme has a very wide focus – startups from the B2B and B2C segments are equally welcome [to apply] and while we do not have a specific geographic focus either, we see great potential in the CEE region”. These startups will thus have the opportunity of entering the German market.
How can startups apply?
Startups can apply here – a brief description of the business model is (almost) all you need! “Explaining the business model concisely and to the point is a very important skill – both in applying for the accelerator programme and in further business life,” said Pippig. ProSiebenSat.1 will shortlist about 20 applicants, eight of which will have the chance to participate in the 12-week programme ending with the Demo Day in June.
Time to take the leap – best of luck!