MVP Academy 2016 www.mvpacademy.co

Follow-up Report

MVP Academy is a program for founding teams with a good professional track record, that are targeting a global opportunity.

In nine weeks, they improve product value and business pitch, get early traction and connections to a selected network of tech stakeholders.

Track record (2014 - 2016)

45 accelerated startups

EUR 1.7M raised by alumni

18 products on the global market

12 startups generating revenue

The 2016 Edition

Geographically diverse

Batch coming from 7 cities: Arad, Bucharest, Chisinau, Cluj-Napoca, Craiova, Oradea, Sibiu

Operating in trending industries

AI, Security, Energy, Health, Mobility, Agritech

Directed to all types of users

Equal proportion between B2B and B2C startups, several of them moving to a consumer / business-oriented model during the program

The 2016 Edition

Growing startup teams

Average team size going into the program: 5 people

Rising interest in hardware

More than a third of the batch worked on physical products

(100% increase since 2015 edition)

The 2016 Edition

Current status of the startups

0

2

4

6

8

10

Closed beta / Development

Launched New products

To date, the 2016 MVP Academy alumni have received more than EUR 760k (investment, prizes, grants)

Featured Alumni

•  Raised seed round, won additional grants and prizes

•  Fully functional product is 75% ready

•  Starting clinical trials in February 2017

(http://reflex.help)

(http://hiwoogie.com)

•  Accepted in SBC IoT & Connected Devices (London)

•  Demo-ed the prototype at TechCrunch Disrupt (London)

•  Currently in closed-beta, waiting list of 250 customers in US & UK

Featured Alumni

•  EUR 106k upfront payments received or in progress

•  EUR 21k total annual subscription fee for cloud services

•  In pre-selection process for Pearse Lyons Accelerator (Dublin)

•  Stable, ready-to-produce version

(http://silometer.com)

(http://typingdna.com)

•  Raised seed round from Gecad Ventures & several angels

•  Typing API available, working on downloadable software

Featured Alumni

•  Available in 23 cities in 5 countries, more than 4,500 active users per month

•  Validated B2B approach, 20 paying customers

•  Raised seed round, currently looking for next round

(http://urbyapp.com)

(http://scooterson.com)

•  Accepted in HAX Boost acceleration program (San Francisco)

•  Generated EUR 380k in pre-sales

•  Currently raising seed round

What to expect in 2017?

Extended program

9 weeks (instead of 7 weeks in 2016), running from 6 March to 8 May

Dedicated core team with multilateral experience

in entrepreneurship, product management, legal and industry in-depth research

60+ mentors, 10+ custom workshops, 90+ hours of pitch practice

plus weekly deep-dive sessions, meetings with industry experts and investors, recruitment support

Become an MVP Academy Alumni

keep in touch with your peers, find out first-hand about new opportunities

If you

… are an early-stage tech startup

… have (at least) a working prototype of your product

…have a committed team with history of working together and/or good track record

…are a dedicated founder with recognised experience in the field

Apply until 19 February 2017 (11.59 PM) on the program’s website:

www.mvpacademy.co

For additional questions or inquiries about the program, contact Bogdan Iordache (bogdan.iordache@howtoweb.co) or Mircea Vădan (mircea.vadan@howtoweb.co).

Note: This material is purely informational in its character and does not bind in any

way TechHub Bucharest or its collaborators.