DIY-ACCEL
Piloting of Danube and Ionian Youth Entrepreneurship Acceleration

Name of Programme/Fund: LUISS ENLABS-The Startup factory

Country: Italy

Priority Sectors for Funding: 1. Digital startups
2. AI, AR/VR, IoT, blockchain, cybersecurity, corporate welfare, corporate wellness, event prediction, logistic, smart contracting and smart and digital manufacturing.

Range of services offered: LUISS ENLABS is a startup accelerator based in Rome, Italy, and certified by the Italian Government. It is operated by LVenture Group, a publicly listed venture capital company that provides startups with funding and network. Twice a year, the accelerator selects a new batch of early-stage startups for the acceleration programme.

The Accelerator offers:
FACILITIES: A fully equipped working space in the Roman office.
NETWORK: A huge network of corporations ready to help your startup.
ADVISORS: A complete range of experts with invaluable insights at your disposal.
EVENTS: Events are held continuously in order to boost and improve the network effect.
PERKS: Up to €2M-worth of services offered by its partners.
FUND SCOUTING: Full support in all fund-raising activities (Public Funds, Crowdfunding, etc.)

The accelerator currently has 2 programmes:

1. Rome Acceleration Programme
It is the standard Acceleration Programme that lasts 5 months, is based in Rome and is open to Italian digital startups.
In this programme, selected startups get a micro-seed of €80k from LVenture Group in exchange of a 9% call option. This funding equals to: €80k funding = €30k cash + €50k cool stuff. The cool stuff includes offices, support and every operational cost for the startup.

STEPS:
• PRODUCT (2 months): Review of IT architecture, UX, interfaces, processes and organizational management.
• METRICS (2 months): Setting up the goals and using effective monitoring tools to understand the right metrics.
• REVENUE (1 month): Every startup is expected to produce some revenue by the end of the program.

2. Smart Production & Productivity Acceleration Programme
The Smart Production & Productivity Acceleration Programme is a vertical programme in English that lasts 5 months, is based in Milan and is open to digital startups working in these sectors: AI, AR/VR, IoT, blockchain, cybersecurity, corporate welfare, corporate wellness, event prediction, logistic, smart contracting and smart and digital manufacturing.

During both the programmes, the accelerator helps startups go to market and reach explosive growth, through a micro-seed investment and a balanced mix of management courses, hands-on support and business insights provided by the network of advisors.

Terms of funding: Necessary documents and requirements:
Each startup submits an electronic application, which includes the links to a 1-minute Youtube video where the founders are introduced, a 4-minute Youtube video with the description of the idea, a smart Tweet describing the idea (140 characters)., as well as other information, which should be provided in a smart way.

It is important that at least some of the founders are going to be exclusively working on the programme for 5 months (no other obligations).

EU

The DSPF project DIY-ACCEL is part-financed by the European Union and the city of Vienna

Stadt Wien