ECONIC ACCELERATOR
For Sustainable Energy and Mobility Growth
Join our accelerator program to get expert advice, grow your market value, get funding and reduce risk!
A SHORT SUMMARY
Our econic accelerator offers company-building expertise and guidance through a 9-month long program with an effective and gradual selection process. It consists of three stages and those selected will be provided captial and services along the program stage by stage
WHY YOU SHOULD WORK WITH US
Engineering support to complete your product
Company building support
The chance to participate in various internationally funded projects that support your business growth
Professional support to design your pilot projects
Access to our corporate and city network to meet your potential clients
Opportunity to obtain investment funds up to 250 000 EUR
HOW CAN WE HELP YOU?
Network
We are not just an ordinary business partner, but your gateway to a credible industrial network that will help you scale up your business.
FUNDING
We help innovators enter the domestic or international markets faster and with less risk.
ACCESS
We can help you access vital European resources, investors and corporations.
WHO WE ARE LOOKING FOR
We are looking for driven start-ups, with innovative thinking and a problem solving mindset
Those who live by the saying: ”Fall in love with the problem, not the solution”
Sustainable startups that are at TRL 4+
We are only looking for participants that are sustainable startups within urban mobility, energy or circular econom
technolOgY READINESS LEVEL
WHAT YOU CAN EXPECT
Our Accelerator program is designed to provide funding for hardware-intensive start-ups during product development, while reducing business risk by staggering investment and setting intermediate requirements.
The start-up will contract with Green Brother to participate in the whole Accelerator program, where progression to each stage is conditional on the acceptance of the achievements of previous stage by the decision-making body.
The program focuses on business, technology, organizational development, intellectual property protection, and finance/funding, by allocating in-house and external mentoring resources by Green Brother for 9 months.
THE PROGRAM IS DIVIDED INTO 3 PHASES:
1st phase: The start-up will carry out business validation in the first phase,
2nd phase: Prototyping and other costs with a budget of up to €5000
3rd phase: Additional funding from €5000-10,000.
1st PHASE
The start-up will carry out business validation
2nd PHASE
Prototyping and other costs with a budget of ~€ 5k
3rd PHASE
An additional funding of ~€ 5-10k
End decision
(up to 250 000 euro investment)
The final investment value will depend on the investment decision after the completion of the thrid phase
After each phase, a proportion of start-ups will proceed to the next phase based on the decision of the investment committee, ensuring increased chances to build up a sustainable corporate. This
approach generates a competing environment for participants not only to be good at the market but to be excellent among others. Regular monitoring meetings will be held to assess and help progress, and every three months, the companies will be evaluated.
WHAT HAPPENS IF YOU MOVE FORWARD AT A DIFFERENT PACE?
No worries, you still have access to the learning materials, keep receiving news and updates and will be contacted regularly by one of our asset managers to track your progress.
You may return later when you completed your own action plan of the relevant stage and demonstrate your traction towards commercial operation on the market.
JOIN OUR PROGRAM
Are you interested in joining our Accelerator program? Apply by May 24th, 2024.
Were you too late? We can still help! Send us your pitch and we will be happy to identify other funding opportunities across Europe.
Do you have questions? We have answers! Reach out to us at info@greenbrother.hu