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A few months ago, we reported that Startup Wise Guys, an Estonia-based startup accelerator, was accepting applications for its winter program. Backed by 1 million euro from SmartCap VC, the venture arm of the Estonian Investment Fund, this accelerator has already produced a crop of 7 startups that includes VitalFields, an agricultural-efficiency startup which went on to close a deal for 250,000 euro in investment. While none of the ideas the teams are working on sound terribly original (with a possible exception of TheTakes and SportID), it all depends on details which we will no doubt learn about on a demo day. Here they are.
Upon completion of the program, startups are offered 15,000 euro in exchange for 8% equity in the company. One perk for 2 alumni teams will be 2 months of free access to major co-working space, one at a location in Silicon Valley and one in downtwon San Francisco.
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vita at goaleurope dot com