MITA Invites Startups to Apply For The “TechHub” Pre-accelerator
Dec 29

The Agency for Science, Innovation and Technology (MITA) invites startup teams and those with innovative ideas to register for the “TechHub” pre-accelerator. The fifth cohort of the program will begin in February. During the program, selected startups will participate in a three-month training course, develop their ideas, meet investors and gain business development knowledge.

First achievements

We are proud to say that the program not only provides valuable business development knowledge but also really helps startups take the first steps on the business path and attract funding. We have 3 startups who already received investments from private investment funds, another 8 have received financial support from MITA, and 10 startups have already accelerated abroad,” says Gintarė Narakienė, “TechHub” project manager. 

Three startups who participated in the program have already received investments from private investment funds. “Benme” is developing employee benefits and supplier management platform for businesses and HR professionals. “Oxus.AI” created is a tool that listens to the calls between the call center specialist and customer and evaluates their quality. “Curtains Calculator” is a curtain and blind calculator for businesses to automate window covering calculations. 

“TechHub” is the most intensive startup training program in Lithuania. 60 startups have already completed the program, 20 are currently participating. In total, the pre-accelerator brought together about 200 innovators, assisted by 10 program mentors from Lithuania and abroad, and a large number of partners, innovation experts, and investors.

Benefits of participation

As in previous “TechHub” pre-accelerator cohorts, the program contains a total of twelve training topics. Startups will refine the target customer, perform market and competitor analysis, create market entry strategy, learn about business and product development, positioning, branding, team building, intellectual property, investing. 

Successful graduates will have the opportunity to present themselves to the investors at the final “Demo Day” event. In addition, the best performing teams will be awarded valuable prizes – tickets to accelerators abroad and trips to meetings with partners or events in the EU countries. 

Startups (small companies with high and innovation-based business development potential, operating for up to 5 years), as well as teams with an innovative idea intending to register a company during the pre-accelerator, can apply for participation. 

You can also find out more about the program at the Pre-accelerator Info Day Event, during which the program manager dr. Gediminas Rumšas will present the content of the program in more detail, talk about the application process, benefits, mentors, and prizes. During the event, all questions will also be answered by participants from previous cohorts. 

Registration is open until January 9th. The pre-accelerator will start on February 7th. Depending on the epidemiological situation, the program might be conducted remotely. Program language – English.

You can find the registration form here.