On Monday 2nd September, a new cohort of six startups officially started their YouStartIT Accelerator Programme.
For the first time the cohort has been recruited from two separate calls. The Validator Call which opened on 25th February 2019 and the YouStartIT#5 Call which opened on 18th March 2019.
What is YouStartIT?
YouStartIT is a government-backed, mentor-driven accelerator programme designed to help early stage tech startups. Grants offered to startups selected for the programme are equity-free. All startups are required to follow the programme on location through the physical presence of at least one founder in Malta for the entire programme duration. Projects selected for YouStartIT#5 kicked off on Monday 2nd September 2019, and will end at Demo Day on Wednesday 11th December 2019.
What will each selected Startup get?
- A pre-seed investment of €30,000, of which €20,000 is a cash grant, all equity free
- Additional pro bono services and technology perks
- Access to our network of mentors and business partners to help you achieve your goals
- An opportunity to research, develop and create your own marketable Intellectual Property to kick-start your business and scale up
When did the call open?
Applications for YouStartIT#5 opened on Monday 18th March 2019 and closed on Sunday 19th May 2019 at 00:00 CET.
How was the evaluation done?
The evaluation process started on Monday 20th May 2019 and ended on Monday 17th June 2019. The evaluators shortlisted 15 startups who were all invited for an online interview for a further in-depth assessment. Eight startups successfully made it to the final shortlisting phase and participated in the intensive three-day bootcamp held at the MITA Data Centre between the 1st and the 3rd of July 2019. After two days of hard work, the eight finalists concluded their bootcamp activities by pitching to a panel of three judges during a closed-door event.
The startups who participated in the YouStartIT#5 Bootcamp are: