Empowering Startups: Join the Startup Lithuania Accelerator

Applications Now Open for Startup Lithuania Accelerator

Startup Lithuania has officially announced the opening of applications for the highly anticipated Startup Lithuania Accelerator program, which is powered by Plug and Play. This exciting opportunity is now available for startups aiming to take their innovations to the next level on a global scale.

Program Overview: What to Expect

The Startup Lithuania Accelerator is designed to nurture startups through a structured program divided into five accelerator batches over three years. This includes an exciting annual Global Overseas Acceleration & Learning program in Silicon Valley, providing a unique chance for startups to access a wealth of international knowledge and networks.

Building a Competitive Edge

Since its inception, 24 startups have successfully participated in the accelerator, showcasing their innovative capabilities. For example, AQ22 has created AI-driven solutions to enhance workplace efficiency and has secured a spot in the prestigious GOAL program in Silicon Valley. Similarly, startups like Boop and Kloosive have attracted significant investment, proving the accelerator’s potential to propel local innovators onto the world stage.

Key Benefits for Startups

The accelerator offers numerous advantages, including invaluable mentorship from industry experts, targeted pitch polishing workshops, and one-on-one office hours with the Plug and Play team. A highlight of the program is the Expo Day, where startups can showcase their groundbreaking products and services to a diverse audience of potential investors and corporate partners from across the globe.

Selection Process and Launch Event

After the application phase, the Plug and Play team will thoroughly evaluate all submissions. The most promising candidates will be presented to the Plug and Play Investment Committee for final selection. The selected startups will have their achievements recognized at the Launch Event. All applicants will be informed of their selection outcomes, and those chosen will receive comprehensive onboarding guidance, including local incorporation support.

Plug and Play: A Gateway for Entrepreneurs

Plug and Play excels at connecting startups with essential resources and support, enhancing access to critical startup ecosystems like Silicon Valley. The standout participants from each program batch will be invited to join the Global Overseas Acceleration & Learning program at Plug and Play’s headquarters.

Experiences from Previous Participants

Startups that have previously participated in the program rave about the opportunities it created for growth and expansion. Deividas Celencevi?ius, CEO of Boop, reflected on the profound impact of the mentoring sessions that helped shape effective strategies for scaling their operations. Meanwhile, Viktorija Ramanauskait?, CEO of Kloosive, emphasized the incredible network they gained, facilitating connections with partners, investors, and like-minded startups.

Upcoming Information Session and Application Details

During the application period, an online information session will be organized to help potential participants with any questions they might have regarding the program. Further details will be shared through Startup Lithuania’s social media channels.

About Startup Lithuania and Plug and Play

Startup Lithuania is dedicated to cultivating a vibrant startup ecosystem within the country, establishing it as a leading hub for innovation in the Baltic and Nordic regions. On the other hand, Plug and Play is a renowned innovation platform that bridges the gap between startups and their corporate, academic, and governmental partners globally. With a presence in over 60 locations worldwide, Plug and Play continues to drive innovation through its accelerator programs and venture capital engagements.

Frequently Asked Questions

What is the Startup Lithuania Accelerator?

The Startup Lithuania Accelerator is a program designed to support startups by providing them with mentorship, resources, and global networking opportunities.

Who can apply for the accelerator program?

Any early-stage tech startup looking to grow and scale its business globally is encouraged to apply.

How long is the application period?

The application period for the accelerator is currently open and will run until a specified date.

What are the main benefits of participating?

Participants gain access to mentorship, pitch polishing workshops, and opportunities to connect with investors and corporates interested in innovative solutions.

How does the selection process work?

The Plug and Play team evaluates applications and presents the top candidates to an Investment Committee for final selection.

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