Getting started can be hard and we want to give student entrepreneurs the right tools to do it, while focusing on problems worth solving. We are here to help you start forming a team and improve your idea by exploring different potential solutions. Workshops and activities will ensure that you iterate your business model, start pitching your idea and start working on your minimum viable product. The goal of this stage is to find out what is the right problem to solve, and work on building a prototype solution to advance to the next phase of development.
Requirements: To participate you must be an active ITU student who is not delayed in his education, or a recent alumni (graduated less than 1 year ago).
In the proof of concept stage you will further improve your solution to turn your startup into a feasible business. With our help you can focus on business development, meeting the right mentors from both the industry and from ITU, hands-on help with intellectual property rights, legal counseling and much more depending on your needs. Your startup will be granted an expense account that may be used to pay for equipment, services or advice needed to mature the business idea, including office space at ITU so you can focus on what is most important, your startup.
Requirements:To be eligible, the team with at least 50% ITU founders must have participated in the Proof of Idea stage, or have participated in other similar entrepreneurship programmes with an existing prototype (ex. Venture Cup). Please submit your business documentation and prepare relevant performance data.
*The agreement includes a buy-back option which enables the entrepreneur or early investors to buy back to shares from ITU Business Development at the end of the programme at a fixed rate.
After creating a solid solution or product with your startup it is time to scale-up your company and get the support you need to continue building your team, acquiring more clients and growing your market position. In this stage we help you leave the university nest, and join the entrepreneurial ecosystem at large.
Requirements: To be eligible for this phase the startup must aim to develop intellectual property, proprietary software or inventions that can be protected by a patent or as a utility model.