YouStartIT#4 – Delta edition
7 Selected startups for YouStartIT#4
Applications for YouStartIT#4 closed on Monday 10 September with a record number of 173 applications received from 40 different countries.
Below are the shortlisted startups who delivered their pitch at DELTA Summit on 5 October. For more information about the shortlisting process follow this link to our blog.
What happens next?
All shortlisted startups pitched their idea on Friday 5 October at DELTA Summit. Seven teams were selected to proceed to the acceleration period as part of the YouStartIT#4 cohort.
The programme starts four weeks after selection to allow for travel and accommodation arrangements. We will use this interim period to finalise your four month project plan and milestones for inclusion in your Letter of Award. This is a contract regulating the relationship between you, as the startup, and MITA, as the funder. The cash grant is disbursed in line with performance and active participation. The last instalment of the cash grant is offset against active participation in the Social Impact Agenda. The latter is a point system designed to ensure that participating startups give back some of their expertise by helping us build a thriving startup community.
What will the selected startups get?
During the 16-week intake period you will receive the following mentoring and support services:
● €20,000 in cash disbursed in installments against set deliverables, usually four: (i) upon signing the Letter of Award (ii) upon completed company (or partnership) formation, (ii) an interim test report (iii) a final report and or business document or strategy
● €10,000 worth of mentoring and support services comprising around 90 contact hours with our in-house and external mentors over the 16-week intake period, and access to a 24×7 co-working space enjoying breathtaking sea views
In addition several thousands of Euro worth of:
● Technology and cloud perks from AWS, Google Cloud, Microsoft Azure and ZenDesk
● Company (or partnership) formation, including specific tax, accounting and financial advice, as well as legal advice on specific issues such as shareholders’ agreements, IP advice, GDPR, etc. (approx. 100 hours)
Read criteria for selection in the Call Guideline.