METRO Accelerator for Retail powered by Techstars handpicks ten select startups for an intensive three-month programme built on the foundation of marked funding and investment opportunities.
Within the programme, startups gain close purpose-driven mentorship from industry leaders, innovators and entrepreneurs from different verticals of Retail, Tech and Wholesale trade.
12 Mar 2017
Each company participating in the programme is offered €120,000 in funding. This is structured in two parts: they invest €20,000 in exchange for 6 percent of the equity and participation in the programme (this is not a valuation event). The investment is obligatory and participating companies have to complete the equity investment.
They also offer a convertible debt note of €100,000 to each company prior to the commencement of the program. Companies can – but do not have to – accept the note.
OTHER KEY DATES
Programme Dates: Jun 12, 2017 - Sep 6, 2017
Note that while some organisers may accept applications from all around the world, you may still be required to travel to the host country in order to take part in the later stages of a competition for instance, or you may be required to live there for a period of time to take part in a funded programme (e.g. scholarship, incubator, accelerator).
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