Frequently Asked Questions about StartupYard

What is StartupYard?

StartupYard, based in beautiful Prague, is Central Europe’s leading seed accelerator for technology startups. Founded in 2011, we have accelerated 58 startups from 20+ countries, and over half of our alumni have been either funded, or acquired within 2 years.

StartupYard alumni include a broad range of successful and award-winning tech startups including BrandEmbassy, Gjirafa.com, TeskaLabs, NeuronSoundware, Rossum.ai, BudgetBakers, Cryptelo, and SteelMountain, among many others. Our alumni now collectively employ hundreds of people, across the world, and have created 100s of millions of Euros in shareholder value.

What are we looking for?

StartupYard invests in and accelerates “Deep Tech” startups that are solving a unique and difficult technology problem, or tackling an old problem in a unique and challenging way, with the possibility of scaling globally. Startups that apply should be able to benefit from intensive mentoring from some of the tech industry’s best minds.

What do we offer?

Program: StartupYard is a 3 month, in-person mentorship based program for early to seed-stage companies, that leverages deep corporate partnerships with telcos, banks, tech companies, and many others, to help a high tech company develop its business with access to a top-tier network.

Funding: Startups may be offered €30,000 in initial seed funding from StartupYard if they need it, and we operate a follow-on fund for startups that perform well during and after the program. This is in addition to over €1 Million worth of  perks offered through the exclusive GAN (Global Accelerator Network) partner program, including free access to professional services like Amazon AWS and Microsoft Bizpark+.

Network: More important than money, our startups gain access to our extensive network of mentors, investors, and advisors from Central Europe’s leading firms in Technology, Finance, Telco, Software, and Retail. Among our top mentors are C-level executives from KB- Bank, Vodafone, Accenture, KPMG, Seznam, Google, Microsoft, E.ON, and many more.

 

Applications are open for StartupYard Batch 9

Are you a startup, or an entrepreneur with a great Deep Tech idea?
Applications are now open.

 

Can I apply even if I don’t have a product yet?

Yes you can. We are interested in people who have the capability and the ambition to deliver and build global solutions.

What type of commitment do you require?

StartupYard’s official program lasts 3 months, during which time the core team of your startup will be resident in Prague. We look for startups that will benefit most from cooperation with StartupYard, so ongoing support and assistance should become a natural extension of our relationship over time.

StartupYard is a mentor-driven accelerator. Deep and valuable mentorship can only happen in person, on an intensive day-by-day basis over a period of time. An in person commitment is essential to this process.

What do you mean by mentor driven?

Our program revolves around the mentors. During the first month, you will go through intense mentoring sessions with industry experts from many different businesses, including a host of c-level executives from leading tech companies, as well as successful business founders. You’ll then follow up continuously with those mentors who are best placed to help you expand your network, and make connections you need going forward.


Will we receive training?

It depends what you mean by training. We’re not a school, and we won’t teach you how to code, but we organize extensive workshops and on-to-one sessions with experts on specific topics like financial projections, investments, growth hacking, media training, pitching, etc.

Do I have to pay to participate?

No. Participation in StartupYard is free of charge. We take a 5% stake in any company that participates in the program.

Do you invest in start-ups?

Teams that are selected can receive, if they want, a €30,000 investment in exchange for 5% of equity of the start-up. We also offer follow-on funds to our best performing startups.

I’m a single founder. Can I still apply?

In rare cases, we select solo founders. However, the vast majority of our startups have a founding team. A founding team is not only important for you as a company, but it is vital for the StartupYard program, which is far too demanding for a typical single founder alone.

We don’t have any programming skills in our team. Can we still apply?

Non-technical teams can apply to StartupYard, and will have to quickly find a way to build their product.

I’m not located in Prague. Do I have to be physically present on-site?

Yes, for 3 months you will have to be with us in our great open-space in Node5.

Can I apply even if I am not from Europe?

Yes you can but be aware that you will require a Visa to stay and work in Prague for 3 months.

We have already raised money from friends/family or business angels. Can we still apply?

Yes you can.