VUNK is a pre-acceleration platform for teams who have an idea, a working prototype or even a product with traction.
What do I need to do to get into the VUNK Accelerator?
First, you need to join the VUNK Garage48 Hackathon event on September 09-11th 2016. You can pitch your idea or join other teams. If you want your pitch to be refined and to stand out, register to attend the free Idea Garages. At the end of the VUNK Garage48 Hackathon event, mentors will choose up to 7 teams that will continue on to the Team Validation phase to work with mentors on their idea for the next three weeks.
At the end of these three weeks, the mentors will select up to 3 teams that will get into the VUNK Accelerator, and receive n% from 30,000 EUR of fund, access to a co-working space, mentorship and other resources from Telia Eesti and our partners.
What is the Team Validation phase and why do you need it?
The Team Validation phase is a 3-week mentored phase for up to 5 teams who won at the VUNK Garage48 Hackathon event. After VUNK Garage48, teams will need to settle down, think about their businesses and set up their teams further. Mentors will help the teams through this process. The validation phase is an important process and is necessary if you’d like to be selected to join the VUNK Accelerator and receive funding from 30,000 EUR fund.
What is the VUNK Accelerator?
The VUNK Accelerator is Eesti Telia’s startup accelerator program, which carries funding from 30,000 EUR fund. It’s a full-time, 4-week intensive program, led by Startup Wise Guys. The VUNK Accelerator will take place between October 17th and November 11rd 2016. After this, teams will have an opportunity to pitch to angel investors.
VUNK Accelerator mentors will come from Telia Eesti, Startup Wise Guys and Garage48. They will include both global entrepreneurs who’ve built successful startups, and key decision-makers at Telia Eesti.
What will happen after the VUNK Accelerator 2016 program?
There are many possibilities that we cannot predict, and it pretty much depends on the team – ultimately it’s your business and you’ll have to be motivated to build it further. The teams will get direct access to the semi-final selection round of SWG’s next program: BusinessTech Winter 2017.