Applications open soon

About us

Spherik Accelerator is an intensive 6 months program designed to fine-tune tech products and provide teams with know-how and resources to go to market and expand their business globally.

We enable startups and help them grow by focusing on execution, product development and match-making your team with key people & resources.

The Spherik approach maximizes the probability of a startup’s success by providing the resources needed for the product, the market and the capital to harmoniously blend. We boost the companies’ access to know how by providing education, mentorship and ambassadorship.

Our approach includes post-acceleration support in order to refine the business past the acceleration phase, providing tools for 3 key areas:

Product

We support startups in developing customer validation and then to commercial readiness. We work with startups through the customer development process, providing much-needed guidance and access to invaluable sources of feedback – actual customers

Market

Launching a company and a product is a process that spans over a period of time with the objective of building awareness and momentum to drive sales while identifying the key market for each specific project. The Spherik approach helps startups build targeted go-to-market strategies that establish sustainable market traction which can be replicated in additional markets 

Capital

We know that capital is much needed for a company to create, grow and perform. We also believe that there is a “right time” for each stage of raising financing and want to use our member’s expertise to give each accelerated program the necessary information in order to attain the needed capital requirements, when they are needed. 

Our startups

As a pioneer acceleration program in Romania, our vision is to be the leading innovation catalyst in Eastern Europe. Since 2013 we connect startups with strategic resources and support the ecosystem growth:

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+ hours of mentoring
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+ workshops
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% products and services launched on the market
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years of programs

Each year we attract 100+ applications and select 10% to 20% for the  acceleration program. During each program we guide 10 to 20 teams in overcoming the biggest challenges in the fastest and most efficient

Program Overview

1

Validate your idea

Discover how to think like an entrepreneur, what customers need, how to build a market fit product

Critical thinking & problem-solving
Ideation, testing & iteration
Customer development
Design thinking a minimum viable solution

2

Launch your product

Explore product development methodologies and business models to get the first users and customer feedback

Business model & Lean startup
Iterative & test-driven development
Agile UX
Build a minimum lovable product

3

Grow and scale

Execute on your business plan to grow your customer base and revenues. Manage your finance and get funding

SEO & Digital Marketing
Growth Hacking
PR & networking
Legal & financial structure
Pitch & sell
Get funding

Timeline

EXPLORE BUSINESS MODELS

Product Bootcamp

1st MONTH:

BECOME YOUR CUSTOMER

2nd MONTH:

DEVELOP THE USER EXPERIENCE

3rd MONTH:

BDEPLOY, LAUNCH & TEST

EXECUTE & DEVELOP YOUR BUSINESS

Business development

4th MONTH:

MARKET YOUR PRODUCT

5th MONTH:

GROW YOUR CUSTOMER BASE & REVENUE

6nd MONTH:

MANAGE YOU BUSINESS

Program benefits

  • Product: 6 months intensive bootcamp with tactical workshops designed to fine-tune your approach and provide you the know-how to make your product go to market
  • Customized mentoring & advice – top mentors & industry leaders’ advice
  • Office space: hosted in Liberty Technology Park, startups grow side by side SMEs and large multinational firms, exchanging culture, ideas, and fostering innovation.
  • Support services: banking, legal advice, accountancy, web development services
  • Market: connections to customers and potential clients, access to 10+ major retailers for distribution
  • Marketing & PR: media relations, access to our marketing channels, best marketing and growth-hacking experts
  • Access to our network: connections to strategic partners, IT leading companies, corporate partners like Google, KPMG and innovative startups
  • Events & networking opportunities: startups conferences, meetups and one to one meetings with investors
  • University partners: support in research & development
  • Capital: we provide investment opportunities up to 200k for our startups

 

Selection process & criteria:

We welcome all technical start-ups that meet 3 conditions:

  • Teams have complementary business and tech skills or individuals have strong tech skills and a promising idea.
  • Founders have the availability and are ready to take a commitment to fully engage in the acceleration process for the next 6 months.
  • The product is an early-stage prototype or MVP with a clear R&D component in the technology area.

Our selection is a competitive process:

  • based on previous experience we usually have 100+ applications
  • the rejection rate 75+%
  • only 10 teams are selected for 2017 program

Date:  Mid April

Stage: Application

Criteria:

  • Quality of the idea and team
  • Market opportunities & growth
  • Team focus and background
  • Market research and competition
  • Prototype stage, alpha product
  • Application form on F6S
  • Application Review & shortlist

Process: Acceleration Committee Review: analysis of applications based on the criteria detailed below, and first short-list.

Date:  End of April

Stage: Interviews

Criteria:

  • Ability to integrate feedback
  • Beta-prototyping and product vision
  • Market knowledge
  • Skype interviews with our selection committee
  • spherikaccelerator.com/commitee
  • Confirmation

Process: We conduct two rounds of video interviews to assess the customer/user feedback on the product, future plans and current challenges and of course proficiency in English

Our program is open to applicants from all tech sectors but looks closer at deep tech companies. We are looking for innovative early-stage products that address global challenges and fast growing markets like:

Software – Enterprise Software, Software as a Service (SaaS)

Programming tools

Cloud

Big Data / Smart Data

Hardware

Internet of Things (IoT)

Fintech

Biotech

E-health

Edtech

Agrotech

Energy

Underserved communities and social entrepreneurship – as part of our strategy we strongly encourage entrepreneurs that have ventures with a strong positive social impact. (e.g. Water, Food, etc.)

We will particularly look at founders with ideas in industries that resemble global trends and have a deep tech (R&D) component. Examples of current global focus areas:

Virtual Reality (VR) and Augmented Reality (AR)

Artificial Intelligence (AI)

Robotics

Cyber Security

3D Printing

Transportation / Mobility

Founding Members

liberty
bt
utcn
ubb