Telekom Srbija launched the new, third cycle of the “mts startup acceleration” program for entrepreneurs who are just developing their business idea. Technological entrepreneurs, students of Startap Academy, will be provided with support for the development of their innovative ideas and cash incentives in the amount of € 20,000.
Telekom Srbija has developed this program in cooperation with Startit Association, the organizer of the Startap Academy, considered one of the best educational platforms for technology entrepreneurs in the region. Companies that started the first lessons on entrepreneurship at the Startup Academy came to more than 20 million euros today and have taken over five million investments.
Ten entrepreneurial teams, students of the Academy, participate in the “mts startap acceleration” program which, in addition to the cash incentive of 20,000 euros, envisages additional mentoring support and free services for the development of digital products – mts optical access to the Internet and cloud server. This program is part of the broader initiative of Telekom Srbija under the title “Let’s start the drivers”, which the company is trying to empower individuals and institutions to initiate positive changes in their environment, primarily in the fields of education and entrepreneurship.
The cash incentive is awarded for a maximum of three teams based on the decision of the five-member jury consisting of representatives of Telekom Srbija and Startit Association, as well as three successful entrepreneurs.
During the intensive, three-month educational program, lecturers at the Startup Academy will help students to validate the business idea as soon as possible, get the first customers and find an optimal business model in order to ensure stable income. Students will also develop interesting business ideas this year, from online courses for learning English and the site for easier learning of school materials and gamification of the learning process, through the platform for selling and checking digital content, to a solution that helps blocker developers.
Startap Academy is the first accelerator in Europe that has become part of Google’s program – Google Developers Launchpad, for the development of a global network of accelerators, mentors and starters.