Startup Factory announces open window until December 20th 2015 for applications for participating in the programme “Fast Track” – aimed at accelerated development of startup products with business potential.
The goal of the programme is continuing the development of projects that have started during the hackathons Ruse Hack, but other projects will be considered also. “Fast Track” is a challenge for the participants to focus their efforts to developing prototypes which will be presented at the final of the programme in February 2016. The intensive two-months sprint will last until February 2th and the presentations will be carried out on February 27th.
At least one member of the team should have the necessary skills for developing the product that is approved for participating in the programme. The most important criteria for evaluation are: motivation and dedication of the team, validation of the idea, quality of the product, business potential, final presentation and tracktion achieved.
Startup Factory will provide support to the participants in the programme in the following domains:
- Mentorship sessions at the co- workins space regarding technical issues, business development, design, legal matters, etc.
- Free use of the co-working space for team work, as well as utilization of the technical facilities in the office.
- Support for finding co-founders, idea validation, introducing to potential partners and clients, business model concept, testing, etc.
The winner in the final of “Fast Track” will receive financial incentive amounting to 2 000 BGN within 12 months and access to all resources and network of Startup Factory for turning the prototype into market product.