SaaS - Vilnius accelerator - Startup Wise Guys

WISE GUYS SAAS - VILNIUS

Starting June 2021 in Vilnius, Lithuania

Why SaaS accelerator?

Software as a Service is our flagship vertical, which we have been investing in and accelerating since the beginning. SaaS is also, without a doubt, one of the largest industries in the world. We have invested in more than 220 companies and our portfolio has a success and survival rate above 77%.

So if you have a B2B SaaS company with initial traction, a passionate and solid team, and most of all – a great ambition to go global, join our Wise Guys SaaS program starting June 2021.

The program will be run from Vilnius, Lithuania, with online and on-site modules. Applications for this program are closed!

Equity Investment

Up to 50k € cash investment plus 25k € program for up to 9% equity

Network

250+ mentors, 200+ investors, and 500+ alumni

Knowledge

Intensive up to 5 months long mentoring program

Program Outline

In 2020 Startup Wise Guys have launched a new acceleration program format. The program is adapted to meet the needs of today’s startups and apart from intensive mentoring also offers implementation time. The program is built around three main topics – sales, fundraising and company building to cover all aspects of accelerating sales, company, and founders.

March - May: Applications Open

Startups can apply online and take part in the Pitch days, get invited and take part in the Online Pre-acceleration program, or catch the SWG team for a chat during startup events. Follow our Facebook page for updates on upcoming events.

June: Selection Bootcamp

Our selection committee, consisting of investors, mentors, and the Wise Guys team, will select up to 25 startups who will be invited for the 2-day Selection Bootcamp.

Program Starts

June: Setting the Fundamentals

Setting clear KPI and goals, as well as working on the founder and team alignment.

July: Customer Discovery

Working on the target market and customers to find and validate the ideal customer persona and value proposition.

July: Fundraising fundamentals

Understanding the fundamentals of fundraising – the process, landscape and main players, as well as determining the fundraising needs based on a financial model.

August: Sales strategy development

Preparing a holistic sales strategy built on inbound or outbound sales, setting sales goals.

August: Pitching

Crystallizing the pitch storyline and developing the pitch deck.

September: Company building

Understanding the legal requirements, preparing the company scaling and hiring plans, learning from successful founders and peers.

September: Sales acceleration

Active work and iteration on sales strategy with a dedicated coach to hit the sales targets.

September: Fundraising strategy development

Fundraising strategy development including fundraising materials, negotiations, cap table management, and investor due diligence.

October: 6 months roadmap

Preparing a plan for the next 6 months on the tech, sales and business sides.

October: Fundraising and Demo Day

Broad exposure to business angels and VCs.

Post-Program Support

After program care

Continued on-demand help will be provided from the Startup Wise Guys team and mentors, as well as a never-ending journey as a part of the Startup Wise Guys alumni community will follow.

Accelerating in Lithuania

Lithuania is ranked 11th among 190 economies across the world in terms of the ease of doing business, and it’s 4th in the EU for digital public services for businesses. Lithuania has now more than 1040 startups, and, according to Baltic Startup Scene Report, Lithuania has the highest gender representation coefficient in the Baltics by having 20% of startups founded in 2019-2020 with at least one woman founder.

Recently Vilnius, the capital of Lithuania has been named among the top-25 Global Cities of the Future for foreign direct investment, and no surprise there as in a challenging year that 2020 was Lithuania had maintained the best traction in terms of startup funding compared to the other 2 Baltic countries, H1 2020 vs H1 2019 grew by +128.48%.

The Baltics overall rank on highest positions in terms of starting and ease of doing business. Just like in neighboring Estonia and Latvia, Lithuania as well has a special startup visa for non-EU founders. Lithuania has had the most new startup visas issued in H1 2020 compared to Estonia and Latvia. For more perks on building a startup in Lithuania go to the Baltic Startup Scene Report.

Awesome Mentors

We have a deep network of 250+ mentors who are experts in their fields or founders of startups themselves. Here are some of our top mentors you will get the chance to meet and learn from during the accelerator program.

Ginny Radmall

Pitch & Storytelling

Petra Wolkenstein

Business Development & Negotiations

Andrius Olechnovičius

Sales

Kamel Ben Yacoub

Marketing

And 250 more… Take a look

Team

Running an accelerator is a bit like running a sports camp! This is the kick-ass team that will keep you on track with KPIs, give constructive feedback, and make the acceleration program a life-changing experience!

Andra Bagdonaitė

Program Managing Director

Jurgita Sinkevičiūtė

Program Manager

Jone Vaituleviciute

General Partner – Lithuania

Dmitrij Sosunov