Spherik Accelerator, the startup accelerator from Cluj-Napoca, Romania, has opened its 4th acceleration program for tech startups. The program targets startups teams and entrepreneurs from Central and Eastern Europe, focusing on projects that target fast international expansion and real impact at a global level.
The selected startups will receive an extensive list of perks and benefits, from mentorship, to working space and guidance with business growth and international development. Startups from Armenia can apply until 7th of May at spherikaccelerator.com and get up to 1Million € investment + hands-on assistance in product building and go-to market strategy.
“In the past 3 years we saw a steady maturing of the startup teams in the CEE region, Romania included. Spherik Accelerator evolved according to the real needs of the teams and our program offers a more comprehensive benefits package this year. This includes mentorship, direct assistance in product development but also new market access and international growth. Money is also an important component and when they arrive at the right moment, being able to give a huge boost to any well-structured startup team. This year, we’ve got 1 Million Euro ready to be invested in some disrupting startups”, declared Dan Sturza, the Investment Manager in Spherik.
4 months acceleration program
Nina Moldovan, Spherik President, said that “the new program has a strong component of market validation for every project we accept. Our main goal is to foster tech startups growth faster, but also secure their chances to succeed worldwide. We’re building a solid ground for them, so at the end of the program they will be ready to get a significant round of funding”.
The acceleration program will begin at the end of May with a validation phase that will last 4 weeks, then a few of those will be selected for the second phase. The second phase of the program, from June to September, will focus on product development, creating the go to market strategy for the teams and facilitating the international launch of projects. During these both phases the teams will access specific areas of support from the program’s mentors, corporate partners and the extended network of development partners.
The admission in the program is free for the selected teams. Spherik only received 3.14% from any investment facilitated in the first year after the program.
About Spherik Accelerator
Based in Cluj-Napoca, Romania, Spherik Accelerator was founded in 2013 as an NGO by Liberty Technology Park, Transilvania Bank, Babes-Bolyai University and Technical University.
The acceleration team in Spherik has the following components: Nina Moldovan, Spherik President, Dan Sturza, Investment Manager, Roxana Rugină, Program Facilitator, Diana Rusu, Business Development Manager, and the two associates in the program, Alex Burciu (ex Software Development Manager in Amazon) and Gabriel Dombri (Founder @GROWTH MARKETING Academy & CEO @Tapptitude).
As mentors, over 40 business professionals are part of the program this year, covering areas like technology, business advising, marketing, investment or international expansion, among which: Radu Georgescu, Șerban Toader, Marius Ghenea, Sorin Mîndruțescu, Cosmin Negrescu and Elisabeta Moraru. Some major corporate names like KPMG, Google, Microsoft and GTS Telecom have also joined the acceleration program, offering services and business assistance.
