BuildIt Accelerator of hardware startups

BuildIt Accelerator of hardware startups
BuildIt Accelerator of hardware startups
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BuildIt Accelerator of hardware startups (Iganijā, Tartu)Why? There´s a hardware revolution underway.Where? Tartu, Estonia (in Northern Europe) and how?Program for new global success stories in hardware:

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  • Accelerator of hardware startups

    A startup accelerator in Europe

    specialized in robotics, electronics, gadgets

    Why? Theres a hardware revolution underway.

    Its a shift that Silicon Valley has taken note of in the last couple of years. Hardware startups are increasingly sharing the spotlight with software companies. Take Nest, the smart thermostat; Lytro, a camera that lets you adjust point of focus; and Pebble, the smartwatch

    that broke Kickstarters funding record with more than $10 million pledged (Wired)

    Technology innovations during the last decade have made it possible to have a similar efficiency play in hardware as we have witnessed in software. This means huge potential for new start-ups.

    Where? Tartu, Estonia (in Northern Europe) and how?

    Its a great location for the development phase, prototyping and testing of new hardware products. We have high-quality mechanical, electrical and software engineering, excellent facilities offering complex product development services in the field of precision mechanics and mechatronics with focus on offering 3D design and prototype production services (see www.protolab.eu). Manufacturing can be organized in cooperation with strategic partners in Estonia and Finland (small-scale), China and Taiwan (large-scale). Buildit seed-fund is raised from regional angels. Buildit connects startups to 50+ investors in the Silicon Valley, UK, Israel and China. Follow-on funding & networking are of key importance, therefore trips to investor hotspots and big hardware events are part of the program.

    Success stories from estonia so far? Some examples.

    program for new global success stories in hardware:

    Click&Growsmartpot that grows

    plants without watering and fertilizing

    received 625000 USD (more than 10400

    backers) at Kickstarter

    shaka wind measuring device

    for wind sports (wind surfing, sailing, golf, etc.). The first wind meter for iPhone. The company also participated in the HAXLR8R accelerator

    program.

    Fits.meVirtual fitting room,

    SaaS solution based on sophisticated robotic mannequins. Series A

    investment in the company close to 5.5

    mln EUR

    Intensive 3-month mentoring & development program

    + 1 month investor roadshow (UK, US, China) + alumni program

    World-class mentors from top engineering and

    technology giants (ABB, Ericsson, Siemens), and local start-up successes (Click&Grow, Fortumo);

    research institutions (Stanford, Berkeley, Tsinghua)

    15k EUR investment per start-up

    for 10% equity

    2 batches annually,up to 12 teams per batch

    Accepting strong applicants

    globally

    Business + Technology & Design track- Business model development- Free office space & business service deals - Product development, prototyping, testing - Contacts with trustworthy manufacturers

  • who is on board?

    BuildIt is run by an experienced international team with engineering/hardware, business development and start-ups background

    Team: Aleksander Tnnisson (CEO), Andrus Aaslaid (CTO), Kadri Uus (Project Manager),

    leading experts and strategists: Toomas Noorem (Tartu Science Park), Rene Tnnisson (Baltic Innovation Agency)

    advisory board members: Dr. Burton Lee (Stanford University), Dr. Hongxin Tan (Tsinghua University,

    International Technology Transfer Centre), Mattias Lepp (Click&Grow), Kamran Elahian (Global Catalyst Partners).

    Aleksander TOnnisson

    aleksander@buildit.eeKadri UUS

    kadri@buildit.eeandrus aaslaid

    andrus@buildit.eerene tonisson

    rene@buildit.eeToomas noorem

    toomas@buildit.ee