Frequently Asked Questions about StartupYard

Here are some of the typical questions candidates ask us. Check them out.
If we did not answer a question you might have about us, don’t hesitate and send it to us or leave a comment below.

How much experience do you have as an accelerator?

This year in 2015, it will be the 5th time we will accelerate projects.

What type of project are you looking for?

Starting in 2014, each year we are now focusing on certain domains of the Internet and Mobile industry. This year we are only accepting projects that are related to Data, Mobile and Analytics such as web-mining, Semantic Search, Real-Time Data Analysis, Prediction Algorithms, etc.

How many companies do you accept per session?

Between 6 and 8 depending on the quality of the applications we receive.

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

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

What type of commitment do you require?

If your project is selected you will have to spend 3 months in Prague with us.

What do you mean by mentor driven?

Money can’t buy you time but mentors can save you time. During the first month, you will go thru intense mentoring sessions with specialists in Data, Mobile and Analytics as well as successful business founders.

When does the program take place?

From March 2015 to the end of May 2015.

Will we receive training?

It depends what you mean by training. We’re not a school but we will organize workshops on specific topics like financial projections, growth hacking, media training, pitching, etc.

Do I have to pay to participate?

No. Participation in StartupYard is free of charge. We take however a 5% participation in the capital of each start-up participating 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 10% of equity of the start-up.

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

Unfortunately not.

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.