MVP Academy Activity Report

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Information about MVP Academy Activity Report

Published on January 12, 2017

Author: TechHubBucharest


1. MVP Academy 2016 Follow-up Report

2. MVP Academy is a program for founding teams with a good professional track record, that are targeting a global opportunity. In nine weeks, they improve product value and business pitch, get early traction and connections to a selected network of tech stakeholders.

3. Track record (2014 - 2016) 45 accelerated startups EUR 1.7M raised by alumni 18 products on the global market 12 startups generating revenue

4. The 2016 Edition Geographically diverse Batch coming from 7 cities: Arad, Bucharest, Chisinau, Cluj-Napoca, Craiova, Oradea, Sibiu Operating in trending industries AI, Security, Energy, Health, Mobility, Agritech Directed to all types of users Equal proportion between B2B and B2C startups, several of them moving to a consumer / business-oriented model during the program

5. The 2016 Edition Growing startup teams Average team size going into the program: 5 people Rising interest in hardware More than a third of the batch worked on physical products (100% increase since 2015 edition)

6. The 2016 Edition Current status of the startups 0 2 4 6 8 10 Closed beta / Development Launched New products To date, the 2016 MVP Academy alumni have received more than EUR 760k (investment, prizes, grants)

7. Featured Alumni •  Raised seed round, won additional grants and prizes •  Fully functional product is 75% ready •  Starting clinical trials in February 2017 ( ( •  Accepted in SBC IoT & Connected Devices (London) •  Demo-ed the prototype at TechCrunch Disrupt (London) •  Currently in closed-beta, waiting list of 250 customers in US & UK

8. Featured Alumni •  EUR 106k upfront payments received or in progress •  EUR 21k total annual subscription fee for cloud services •  In pre-selection process for Pearse Lyons Accelerator (Dublin) •  Stable, ready-to-produce version ( ( •  Raised seed round from Gecad Ventures & several angels •  Typing API available, working on downloadable software

9. Featured Alumni •  Available in 23 cities in 5 countries, more than 4,500 active users per month •  Validated B2B approach, 20 paying customers •  Raised seed round, currently looking for next round ( ( •  Accepted in HAX Boost acceleration program (San Francisco) •  Generated EUR 380k in pre-sales •  Currently raising seed round

10. What to expect in 2017? Extended program 9 weeks (instead of 7 weeks in 2016), running from 6 March to 8 May Dedicated core team with multilateral experience in entrepreneurship, product management, legal and industry in-depth research 60+ mentors, 10+ custom workshops, 90+ hours of pitch practice plus weekly deep-dive sessions, meetings with industry experts and investors, recruitment support Become an MVP Academy Alumni keep in touch with your peers, find out first-hand about new opportunities

11. If you … are an early-stage tech startup … have (at least) a working prototype of your product …have a committed team with history of working together and/or good track record …are a dedicated founder with recognised experience in the field

12. Apply until 19 February 2017 (11.59 PM) on the program’s website: For additional questions or inquiries about the program, contact Bogdan Iordache ( or Mircea Vădan ( Note: This material is purely informational in its character and does not bind in any way TechHub Bucharest or its collaborators.

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