CEED Tech

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City: Tallinn

State: Harjumaa

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Country: Estonia

CEED Tech is a consortium of five startup accelerators, operating in Central and Eastern Europe. Its members are StartupYard in Prague, Digital Factory in Budapest, The Spot in Bratislava, Startup Wise Guys in Tallinn, and Open Coffee Club Vilnius. Since 2011, we have launched 94 technology companies, and helped them to raise over €5M in seed and venture capital. Our passion is to help young companies build viable products, launch them quickly and successfully raise capital. Our five 3-6 months acceleration programs are based in vibrant technology hubs in Estonia, Lithuania, Slovakia, The Czech Republic and Hungary. We carefully design our acceleration processes around the specific needs of our participants, while employing best practices established by larger, world-leading technology accelerators like Y-Combinator, Seedcamp and Techstars. The acceleration process is broken down into 4 phases. The first 3 phases take place in-house, at our accelerators, for 3 to 6 months, depending on location. Each team accepted to the accelerator will receive initial seed financing in the form of a grant in total of up to €30,000. In addition, promising companies with highest potential business ideas, who have proved the viability and market potential of their product idea, as well as capabilities of the project team, will receive follow-up funding of €30,000 - 250,000 after the programme. CEED Tech is a project co-funded by the European Commission under the Seventh Framework Programme (2007-2013). All investments made are co-financed by private angels and venture investors with proven track records of cooperation with our accelerators.The private investment will be made in return for 5% to 15% of equity stake in the startup

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