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YouStartIT #2 Call for Startups

 

Six sta​rt​​ups selected for YouStartIT#2 intake worth €22,000


 
Supported by:    
         
 

Applications closed

The following are the five startups selected on 20th May, 09:00 - 13:00 at the MITA Innovation Hub in SmartCity.

AC.
DogBox
FastTrack (*)
FreeHour
gameXcite (Miles&Games)
MOO Ltd. (FYLM)

(*) Given the number of good business ideas submitted, a sixth startup was selected to join the YouStartIT#2 cohort. The next in line in the selection process was FastTrack.​

The event featured a Lego Serious Play workshop titled ""Fail fast, fail soon… oops, you just failed. What next?" A fun workshop facilitated ​by Fdxlab.

Guest speakers included Sofia del Sante from Startup Chile.

Shorlisted finalists

​The following were the shortlisted startups who pitched their idea before a panel of judges on Sat, 20th May. The total number of submitted applications was 18.

AC.,  Precision farming solution
ALT - Rent Online,  Online rental platform
DogBox,  E-commerce solution for dog lovers
FastTrack,  Uberizing the local workforce
FreeHour,  Connecting students on campus
Hedgehog Inc.,  Automating small investors' risk profile
MOO LTD.,  Simplified photo-printing from your mobile
Miles&Games,  Cross-platform rewards program for gamers
Registrator Platform,  Integrated web-based accounting solutions for SMEs
Wedding desires,  Single marketplace for weddings

​​Programme Timeline

 
Applications open  -  Tue 4th April 2017
World cafe' - Speed date your mentor!  - Tue 4th April 2017, 18:00-20:00 at SmartCity​
Pre-acceleration & Design Thinking  -  Wed 5th April  to Mon 8th May 2017
Incorporation Insights - Wed 3rd May, 17:30 - 20:00 (venue: PwC's Academy, Qormi)​​
Applicatio​ns close  -  Sun 14th May 2017, 23:59 ‡​
Communication of shortlisted startups  -  Mon 15th May 2017 *
Coaching day  -  Wed 17th 13:00 - 18:30, MITA Innovation Hub, SmartCity
​Pitch ideas to panel of judges  -  Sat 20th May 2017, 09:00 - 13:00, MITA Innovation Hub, SmartCity Malta
​Start of acc​eleration & project kick-off  -  Mon 22nd May 2017
​​Product launch  -  Thu 24th August 2017 *
Submission of Business Plan & Final Report  -  Thu 31st August 2017 *
​Demo day - pitch to investors  -  Thu 7th September 2017 *​
* Event date and time subject to change.
‡​ Extended from Tue 9th May 2017.
 
Incorporation Insights session covered:​ 
  • the various business options available to a startup when incorporating into a business undertaking and their impact on the business model (by PwC)
  • the importance of a shareholder/founders' agreement, and IP issues​ (by Ganado Advocates)

About the call (closed)

We are offering a pre-seed investment and pro bono services of €22,000 to up to FIVE startups with the best business idea based on digital technologies.

 
Get a graphical view about how our programme works by clicking here​
 
We will privilege ideas that leverage areas of strength of the Maltese economy such as Financial Services, Health & Leisure, Tourism, Maritime and Gaming as a testbed or launchpad to global markets, and preferably use emerging technologies or disruptive models such as Artificial Intelligence, Internet of Things and BlockChain.
 
Click on the link below to get the full details about the programme.
 

arrow.png DOW​NLOAD C​A​LL DOCUMENT​​​​​

 
Startups selected for acceleration are expected to sign a Letter of Award appending terms and conditions and startup responsibilities. Click on the link below to view or download the letter of Award.

 

arrow.png DOW​NLOAD LETTER OF AWARD​​​​​

 
You are encouraged to read the Design Thinking inspired online material to get guidance on how to validate the business idea you wish to pitch. Links to the online material are embedded within the application form by clicking the GREEN F6S button above.​ You can start the application, print it and return to it anytime you want until the date of closure.
 
We have also created a Facebook Secret Group to facilitate communication and provide you with any answers to any questions you may have. If you are not already a member of the Secret Group please send us your Facebook profile so we may send you an invitation to join.
 
If you wish to talk to us about your idea, fill out the one-page Outline Idea Template​ and send it to us. We will schedule a meeting to give you preliminary feedback in confidence.
 
If you haven't attended our "World Cafѐ: Speed date your mentor" networking event to be briefed about the call and wish to get in touch with one of our mentors, please write to us.
 
​If you are an EU national and a non-resident you are eligible to apply as long as you register your startup as a business undertaking in Malta. If you are a third country national (i.e. non-EU, e.g. US, Russia, Ukraine, etc.) you are technically also eligible, but you should first check residency permit requirements as these could hinder your ability to comply with the programme timeline. Check our FAQs on the home page for more details.
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