ACCELERATOR IN UKRAINE, USA, LITHUANIA_
For startups eyeing the US and Western European markets.
Strong team of engineers and entrepreneurs
Good command of English and eagerness to launch a global startup
ABOUT THE ACCELERATOR_
The program consists of the two modules, or stages - the Sandbox and the Accelerator. The Sandbox module operates in Kyiv and lasts 1-1,5 months. The goal of the startups at this stage is to make sure that the problem and the product the startups are working on are in need by clients in the USA. The Accelerator stage lasts 2 months and is taken place in either New York City or Vilnius. The place of the Accelerator depends both on how well the startups perform during the Sandbox stage and on their desire to focus on the US or European markets. The goal of the startups at the Accelerator stage disregarding the location is to launch pilots with clients, make sustainable sales and get ready for the next financing round.
MODULE IN THE USA_
If startups meet the Sandbox stage goals and decide to grow in the US further, we enroll them in the Accelerator stage, provide funding and move them to our New York City location for 2 months. Sector X provides accomodation and work space.
MODULE IN EUROPE_
If the Sandbox stage goals are only partially met or if startups feel like growing in the European markets rather than in the US, they get an opportunity to continue acceleration in our partner accelerator 70 Ventures (www.70ventures.com) in Vilnius, Lithuania, under special terms.
Each startup moves along a special roadmap, which goal is to help steadily progress in the right direction and hit the right goals. What’s more, you get a personal coach who helps you focus, set the right goals and hit them as fast as possible.
After successfully finishing the Sandbox stage and getting accepted into the Accelerator stage, the startups are qualified for $20-25K investments in exchange for 7-8% equity.
WHAT YOU GET_
1,5+2-month deep-dive program
State-of-the-art office space at UNIT.City (https://unit.city)
Accomodation and workspace in NYC during the Accelerator stage
Opportunity to continue acceleration in Vilnius after the Sandbox stage
Individual progress tracking and coaching
Pool of relevant experts and mentors
Access to partner venture investors
Marvin Liao, 500 startups
Partner at 500 Startups. He invests in startups across several industries globally. Formerly of Yahoo! Inc. (10.5 years), Marvin has held roles in the various departments of Sales, Business Development, Ad Operations and Marketing. He also serves on the boards/advisory boards of several internet advertising and ad technology companies
Andrew Verbitsky, Airbnb
General Manager of Central and Eastern Europe at Airbnb. Has both startup and corporate experience around the globe: from venture capital firm to the Big Four. Expert in new markets development, specializes on Central and Eastern Europe.
Andrei Komarovski, SectorX
Serial entrepreneur with three exits. Sold a hardware startup to the global corporation. Co-founded multiple international startups: Cupli Surveys, Personik, Friends Forever. Director of Founder Institute, partner in YellowRockets accelerator. Expert in sales and business development.
Lesya Arnold, A-Players Recruiting
Founder of A-Players Recruiting. Managed Talent @Talkable, a San Francisco-Kyiv-based startup ($7M revenue), growing from 29 to 67 people. Lesya and her team combine the expertise and the spirit of California and Ukraine and help mission-driven startups hire and grow top-performing teams.
Andrii Onoshchenko, PandaDoc
Andrii is a first business hire in the San Francisco based hyper-growth SaaS company since 2016. He observed and impacted the company’s growth from 50 to 160 employees. His areas of expertise involves, but are not limited to financial planning and analysis, strategic planning, business operations, go to market strategy, marketing channels, customer segmentation, unit economics, pricing, etc.
Yana Prystupa, Affirm
Operations expert with 10+ years of experience across a number of industries, including retail, lending and online payments, advertising. After a lengthy career adventure at Google, Yana is currently heading up Customer Operations at Affirm, a rapidly growing fintech company out of San Francisco. Areas of expertise include operations, talent acquisition and management, operational expansion and strategic outsourcing.
Igor Kudinov, VeeRoute
Co-founder of VeeRoute, leading B2B logistics automation startup in Eastern Europe. $3M+ revenue, $3M+ venture investments, 50+ employees. Director of ITMO University SumIT startup school.
Andrey Kunov, SVIC
Founder and CEO of Silicon Valley Innovation Center, disruptive center of innovation integration. Experienced corporate innovation popularizer: more than 10 years of high-tech sector development. Directed the National Agency for Technological Development of Kazakhstan. Leads the corporate accelerator working with multiple S&P500 companies.
Stefano Mosconi, Britemind
Leadership and innovation coach. Co-founded Britemind, a company that integrates disruptive technologies into existing businesses. Experienced speaker that inspires leaders to change. Digital strategy specialist.
Mike Bradshaw, StartupSauna
Mike Bradshaw is a Head Coach at StartupSauna, Mentor at The Founder Institute, Community & Evangalism at Solu, Curator of the Helsinki StartupDigest, organiser of MobileDevCamp.fi for the last five years. Mike coaches early stage startups and entrepreneurs in the fundamentals of pitching.
Dmytro Ruzhytskiy, CEO Innovations Development Platform
CEO of the Innovations Development Platform, which is the first Ukrainian agency for incubation of innovative projects in the area of defense technologies. He has 10+ years of experience in sectors including Ukroboronprom, Compagnie Générale de Géophysique, and seismic acquisition projects.
Olexiy Gorin, The7bits
CEO of The7bits. Serial entrepreneur since 2006. Co-founder of few Dutch and Ukrainian B2B startup companies. Experienced in innovative Business analytics, MVP concept, and Software development. Speaker and startup developer. Technical background 25+ years.
AFTER THE ACCELERATOR YOU WILL_
- Get new users, clients and make sales in the US and Europe
- Acquire new skills and instruments (in sales, marketing, analytics)
- Raise investments from venture funds
End of May
70 Ventures is EU based B2B accelerator & fund that offers founders milestone driven financing up to 400k EUR with revenue building acceleration program.
UNIT.City is an innovation park boosting the hi-tech sector in Ukraine
A-Players Recruiting helps mission-driven startups from the US and Ukraine hire and grow top-performing teams.
SVIC helps companies grow by educating them about new technologies and trends
YEP is a network of academic business incubators for youth
Startup Depot is a business incubator for IT projects and coworking space in Lviv
Beetroot specializes in building dedicated teams of developers and designers for clients around the world.
Beetroot Academy is a Swedish non-profit IT school that strives to make a substantial impact on Ukraine's society through top-notch IT education.
LitBAN is the largest Lithuanian Business Angel Network
ITEA is a Ukrainian educational project of complex training and development of IT professionals
Digital Future is a VC firm focusing on seed and early stage tech companies with Ukrainian DNA.
Overkill Ventures is Latvia based early stage VC firm investing in startups from CEE region.
Contrarian Ventures is an early-stage VC firm headquartered in Lithuania investing in the energy and e-mobility sectors.
Open Circle Capital is a Lithuanian VC fund focusing on life sciences, ICT and robotics technologies.
VRINN is a cluster of businesses working within VR, AR and gamification in Norway.
EstBAN is the largest Estonian Business Angel Network
The7bits is Netherlands-Ukrainian based consultancy and software company focused on early-stage startups and MVP lean development.
QUESTIONS & ANSWERS_
How does the acceleration in NYC look like?
We provide the accommodation and workspace for startups. Startups’ daily duties are meeting with clients, attending meetups and conferences, talking to mentors and tracker and working on hitting their goals. We also provide the organizational support.
What about tickets and a US visa?
Startups must have valid US visas prior to entering the Sandbox stage. Ticket and visa costs are startups’ own responsibility.
Tell me more about the module in Vilnius?
The European acceleration module is carried out by our partner accelerator 70 Ventures www.70ventures.com, located in Vilnius, Lithuania. This is a new B2B accelerator & fund that offers founders milestone-driven financing up to 400k EUR with revenue-building acceleration program. 70 Ventures will accept Sector X Sandbox graduates that will show: Proven ability to book calls & meetings with customers in Western markets Confirmation about the existing customer pain and willingness to purchase a solution Competence to understand unit economics of the proposed business model Scalability potential of the proposed business model through outbound sales strategy Founding teams’ unfair advantage in terms of the competition. Candidates proposed with further funding and acceleration by 70 Ventures will be asked to establish an office in Vilnius, Lithuania.
My startup already has sales. Should I even want to apply?
If you want to grow in the US or European markets and build a global company, the answer is yes. If you’d rather prefer building a local company, then you shouldn’t apply..
Do you guys work with software or hardware startups?
It doesn’t matter. We accept applications from both of these worlds.
What do I need to get an investment?
To successfully graduate from the Sandbox stage.
What do I have to do to finish the Sandbox stage?
Securing pilots with US clients and proving the existence of the solution and the clients in the USA.
What is tracking?
It’s when we give you a cool methodologist, who knows ins and outs of launching a startup and turning it into business. This is your personal coach who guides you and your startup along the acceleration process and helps hit the goals.
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