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.
Programme Dates: Jun 12, 2017 - Sep 6, 2017
Credit: METRO Accelerator for Retail powered by Techstars
Date Added: 11 Jan 2017
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