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January 21, 2014 06:48 pm GMT
Lithuania’s StartupHighwayaccelerator/bootcamp has secured a line in to Silicon Valley for its 2014 intake — partnering with the SkyDeck accelerator at UC Berkeley to enable one or more of the teams that bag a place on its program to spend six-months in the Valley in addition to the time they spend at its bootcamp. StartupHighway isbased in Vilnius,Lithuania, and generally targets the CEE region — although it’s open to startups worldwide. The program usually runs to 13 weeks of mentoring, but for one or more “top teams” in this year’s intake there will also be the option to extend their incubation period with a half year Stateside — co-funded by the accelerator and Lithuanian based VC fund BaltCap. The accelerator generally puts up to 14,000 Euros of investment in each of the teams selected for its program, in exchange for 7.5% equity,in addition to providing access to more than one hundred industry mentors (including from the likes of Google, Facebook, Skype and Soundcloud). StartupHighway kicked offits program back in 2011 — and so far has invested in 15 companies in all, which is a relatively modest figure compared to some of Europe’s bigger accelerators. Wayra UK, for instance — part of the incubator network of carrier Telefonica — announced 13 teams for its 2014 London-based program alone last week. The pot of money on offer at StartupHighway is also smaller, as you’d expect. Soadding a bridge to Silicon Valley is one way for a smaller European accelerator to punch above its weight in terms of attracting startups to its program, and standing out from the European incubator crowd. That said, in StartupHighway’s case, it is probably only one “top team” that will get the golden ticket from Vilniusto the Valley. Although StartupHighway Manager,Rokas Tamoinas, does saythat if morethan one team has “U.S. fit and capacity, more will be considered” for placement at SkyDeck. (TheIgnite100 acceleratorin the North East of England is another example of a European accelerator reaching out to the U.S. — although in its case to New York, rather than Silicon Valley. Meanwhile the U.S. program TechStars travelled the other way last year,launching its branded bootcamp in London. More and deeper links between the European and U.S. startup ecosystems is clearly the order of the day.) How will StartupHighway determine which “top team” (or teams) gets to go the SkyDeck?”They have to be a great startup first (great
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/IL-jvQbDD_U/
Lithuanias StartupHighway Bootcamp Plugs Into The Valley With Line In To Berkeleys SkyDeck
Lithuania’s StartupHighwayaccelerator/bootcamp has secured a line in to Silicon Valley for its 2014 intake — partnering with the SkyDeck accelerator at UC Berkeley to enable one or more of the teams that bag a place on its program to spend six-months in the Valley in addition to the time they spend at its bootcamp. StartupHighway isbased in Vilnius,Lithuania, and generally targets the CEE region — although it’s open to startups worldwide. The program usually runs to 13 weeks of mentoring, but for one or more “top teams” in this year’s intake there will also be the option to extend their incubation period with a half year Stateside — co-funded by the accelerator and Lithuanian based VC fund BaltCap. The accelerator generally puts up to 14,000 Euros of investment in each of the teams selected for its program, in exchange for 7.5% equity,in addition to providing access to more than one hundred industry mentors (including from the likes of Google, Facebook, Skype and Soundcloud). StartupHighway kicked offits program back in 2011 — and so far has invested in 15 companies in all, which is a relatively modest figure compared to some of Europe’s bigger accelerators. Wayra UK, for instance — part of the incubator network of carrier Telefonica — announced 13 teams for its 2014 London-based program alone last week. The pot of money on offer at StartupHighway is also smaller, as you’d expect. Soadding a bridge to Silicon Valley is one way for a smaller European accelerator to punch above its weight in terms of attracting startups to its program, and standing out from the European incubator crowd. That said, in StartupHighway’s case, it is probably only one “top team” that will get the golden ticket from Vilniusto the Valley. Although StartupHighway Manager,Rokas Tamoinas, does saythat if morethan one team has “U.S. fit and capacity, more will be considered” for placement at SkyDeck. (TheIgnite100 acceleratorin the North East of England is another example of a European accelerator reaching out to the U.S. — although in its case to New York, rather than Silicon Valley. Meanwhile the U.S. program TechStars travelled the other way last year,launching its branded bootcamp in London. More and deeper links between the European and U.S. startup ecosystems is clearly the order of the day.) How will StartupHighway determine which “top team” (or teams) gets to go the SkyDeck?”They have to be a great startup first (greatOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/IL-jvQbDD_U/
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