Until April 20th 2016, any innovative Romanian early-stage start-up can enrol to participate to the fifth edition of “hub:raum Krakow WARP – a turbo accelerator”, the free of charge business academy rolled out by hub:raum for CEE.
hub:raum Krakow WARP, project developed within Deutsche Telekom Group, is a week of workshops and a tailor-made program for entrepreneurs from the CEE region, scheduled for May 21-27 2016. Start-ups develop their ideas under the eye of mentors and experts to present it afterwards in front of investors from Deutsche Telekom group, and the jury chooses the most interesting projects that can reach potential customers, which are funded each with 80,000 euro for completion.
Then the selected teams will develop their ideas in hub:raum Krakow for a few weeks thanks to financing, mentoring and co-working sessions. The main aim of this part of the accelerator is to prepare a product or service to commercialization on markets thanks to the companies within Deutsche Telekom group. For the selected teams, the costs of flight and accommodation will be supported by the organizers.
“Four editions of our flagship program has proved that cooperation between corporations and start-ups can bring mutual benefits. Start-ups base on the experience of the global partner that can support them in launching their projects faster on the market. On the other hand, corporations gain innovations thanks to which they can build their competitive edge. This is a classical win-win situation and model that works well” said Jakub Probola, head of hub:raum Krakow.
So far, 6 Romanian teams participated to the previous editions of the program and two Romanian start-ups received a 80,000 euro investment each to develop their ideas within the program: Omnipaste in 2013 and DeviceHub in 2014.
“We participated in the last edition of WARP and I can admit it was a great experience for our business. During this time we had the opportunity to meet great investors, customers and experts from all around the wordl which resulted in many ideas on how to develop our service. Now we are working on launching it on the market. Joining WARP totally paid off” says Marius Corici, cofounder of CTF365.
hub:raum Krakow is the Innovation Hub developed by Deutsche Telekom for tech entrepreneurs providing market access to customers. The innovation centre does not take any equity in the idea. Start-ups that want to take part in the accelerator should fill the form on the website: warpaccelerator.com.
“With this program, we are looking to help young companies with innovative ideas to shape their products on the market better and faster. Telekom backs innovation and supports companies of all sizes, as this mix offers the premises for durable development of tomorrow’s society,” said Olaf Lausen, Chief of Staff and Business Development Director, Telekom Romania.
More details about other similar programs of the Deutsche Telekom currently rolled out at local level are available here.