We are proud to announce that our project has been awarded by Katapult Accelerator Program. Training & support, mentoring, funding, networking opportunities are around the corner, and we are ready for it!
Republic of Serbia, World Bank, and EU launched the first Serbian accelerator, enabling startups to scale globally. Katapult Accelerator supports growth oriented startups. So far they have supported 38 startups, helped them raise 15M, and aquire market cap of 110M, all of this with about 40 world-class mentors. Nice community to hang out with, but at the same time a great responsibility to justify the trust.
There is a quite comprehensive list of benefits:
- Practical training and support in launching products and building businesses
- Mentoring from successful entrepreneurs, technologists, industry experts, company scalers, and investors
- Funding via at-entry and co-investment grants
- Valuable networking opportunities with potential partners, clients, and investors
The mentoring part is consisted of the following:
- Matching startups with experts and mentors with proven ability to grow companies.
- Improving trajectory against identified company milestones and growth KPIs.
- Fundraising strategy & Preparation for Demo day.
Katapult funding program has two parts:
- At-Entry Grants of up to €20K for Ideation stream and up to €50K for Scale-up stream companies.
- Co-Investment Grants (CI Grants) of up to 1:1 investment matching up to the ceiling of €300K awarded to Katapult companies that secure private investment deducted for the amount of At-Entry Grant. Co-investment funding is vailable as a match to private investment from VCs, angel investors, and other eligible investors. It can be secured at any time during or up to 9 months after the acceleration program ends.
It seems there is a lot of work ahead of us, on many different fronts, however motivation is very high, energy is boiling, all prerequisits for a successful business year are there.
Participation in the Katapult Acceleration Program is funded by the Innovation Fund thanks to joint investments of the Republic of Serbia (Ministry of Science, Technological Development аnd Innovation), the World Bank and the European Union.
More about the Katapult Accelerator you could find on this link.
