Seed acceleration overview
Seed acceleration overview
CURRENT STARTUP TRENDS
6 TYPES OF STARTUPSLifestyle
Small BusinessScalableBuyable
Large CorporationSocial
Customer development not product developmentTechnology is nice – but it’s all about the value
Build, measure, learn…
Pivot & IterationIf it’s not working out, go back to the
drawing board and do it again
Funding raising based on traction and team
HOW DO STARTUP ACCELERATORS WORK?
Application process
Selected startups get pre-seed investment, usually in exchange for equity
Mentoring, networking, keynotes…
DemodayExposure and “Validation”
SEED ACCELERATORS OUT THERE
World’s leading open sourced accelerator
Startup Sauna develops Northern Europe and Russia into aglobal hub for entrepreneurship
Our region has amazing technology… but we suck at commercializing it
Startup Sauna open sources seed acceleration in order to build a sustainable startup ecosystem…
…which enables us to help the best and most ambitious startups from Northern Europe and Russia
TO GO GLOBAL
6 weeks at Aalto Venture GarageCoaching
Matchmaking Keynotes
Legals Customers
Silicon Valley
Demo DayTwice a year, investors, industry experts, bloggers and media gather into one location to review our region’s best startups
Currently, Startup Sauna focuses mostly on ICT and mobileMedical, clean tech & more traditional industries in the future
500 startups applied in 20118% of them got into Startup Sauna
2 years, 3 Batches, 38 teams
7.9M€ raised fund to date in total:
53% teams: avg 60K€ before Sauna (1.2M€)26% teams: avg 160K€ during Sauna (1.6M€) 66% teams: 200K€ after Sauna (5M€)
Future?
Antti Ylimutka / Wingman@andynosebone
Ville Simola / Captain@smolaholic