We are now accepting applications for the ReaktorX program for startups from the Central and Eastern European region. In addition to financing, participants will have the opportunity to receive partner discounts and loans, as well as consultations with “unicorns” and founders of other startups.
The organizers say that there will be no lectures or workshops as part of the program, because they rely on practical support for entrepreneurs. ReaktorX features include:
- Pre-Seed funding of €25k to launch the entrepreneurial journey in exchange for 5% ownership;
- €75 thousand to use partner discounts and loans for effective scaling;
- help from other founders, including unicorns from Central and Eastern Europe;
- ReaktorX Lifetime Alumni Badge.
Key events of the first week and “Demo Night” will be held annually in different European countries. According to the organizers, this will promote international cooperation. The location of the program is determined according to the Eurovision principle – it takes place in the country where the winner of last year’s season is from. This year the program will be held in Poland.
The following can take part in the program:
- startups from across the Central and Eastern Europe region, including Romania, Poland, Hungary, Serbia, Croatia, Bosnia and Herzegovina, Kosovo, Ukraine, North Macedonia, Albania, Moldova, Montenegro, Bulgaria, Slovenia, Slovakia, Czech Republic, Lithuania, Latvia, Azerbaijan , Armenia, Georgia;
- founders with expertise, academic and practical experience in creating a business, as well as first-time founders;
- serial entrepreneurs who have had two to four attempts at building a company and have valuable achievements and insights;
- visionaries with global solutions;
- startups that have received solution validation and have completed prototypes.
There can only be one startup from one country. Applications are accepted until January 20.
How is the selection going?
Along with the application, the participant must provide a two-minute video presentation of the team with which he works. The organizers review it, and if approved, the participant is included in the list of 40 selected applications. Next, representatives of the ReaktorX team communicate with each participant for 10-15 minutes and the selection committee determines the top 5 participants.