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Home » Countries » Estonia » Estonian accelerator Startup Wise Guys secures funding from SmartCap for its local teams
Estonian accelerator Startup Wise Guys secures funding from SmartCap for its local teams
Posted by: Natasha Starkell
Tags: accelerator,smartcap,startup wise guys Posted date:
October 10, 2012 |
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Good news for the Estonian startups looking for an accelerator program: accelerator Startup Wise Guys teamed up with SmartCap VC which will inject 1 milion Euro in the local startups that graduate from the accelerator program. SmartCap is the venture arm of the Estonian Investment Fund.
SmartCap will put in 50 percent of the funding, but will require a co-investor, so in a way it will operate in a similar format as Skolkovo, Russian government-backed incubator.
Startup Wise Guys has earlier this year graduated its first international batch of companies, which have been selected from 240 applications. The accelerator offers 15,000 Euro in exchange for mentoring and 8% of the equity. There are 80 mentors in the network.
Applications are still open for Winter 2013 program, 25 days left to get some of that Estonian startup karma.
About the author
Natasha Starkell
Twitter LinkedIn Facebook Google+ Natasha Starkell is the founder and CEO of GoalEurope, advisory firm focusing on technology investment and software development in Russia and Eastern Europe. Prior to starting GoalEurope she has worked in the field of finance, mergers and acquisitions, corporate strategy and offshore outsourcing at Unisys Corporation in Switzerland and United Kingdom. She has an MBA degree from London Business School. She speaks Russian, English and German. She lives in Northern Germany.
Twitter LinkedIn Facebook Google+ Natasha Starkell is the founder and CEO of GoalEurope, advisory firm focusing on technology investment and software development in Russia and Eastern Europe. Prior to starting GoalEurope she has worked in the field of finance, mergers and acquisitions, corporate strategy and offshore outsourcing at Unisys Corporation in Switzerland and United Kingdom. She has an MBA degree from London Business School. She speaks Russian, English and German. She lives in Northern Germany.
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