I have an idea, can I register for the VUNK Garage48 Hackathon?
Of course! During the VUNK Garage48 Hackathon you will validate your idea, find the perfect team and get to create a prototype. Learn more and register HERE.
I have a developed product, why should I register for the VUNK Garage48 Hackathon event?
Startups and entrepreneurs with developed products and/or product-market fit that are simply looking to gain the telecom market access are welcome to join. We will help you with business modeling, piloting, market insight and much more.
I don’t have an idea, can I still register for the VUNK Garage 48 Hackathon event?
Absolutely! There will be many great disruptive ideas being pitched during Garage48, by smart founders. You will able to join one of the teams or ideas you most believe in and help build a prototype together.
Why did the VUNK Accelerator partner with Startup Wise Guys (SWG)?
Startup Wise Guys is one of Europe's leading B2B accelerators, located in Tallinn, Estonia. They have a proven track record of successfully mentoring and funding startups. They have cultivated a great network of experienced mentors and investors.
Where will the VUNK Accelerator mentors come from?
VUNK Accelerator mentors will come from Telia Eesti, Startup Wise Guys and Garage48. They will include both global entrepreneurs who’ve built successful startups, and key decision-makers at Telia Eesti. We will announce who the mentors are as they join. Connect with us on Twitter and FB to stay tuned.
Where will the VUNK Accelerator take place?
All VUNK Accelerator events will take place in Tallinn, Estonia.
Will you sign an NDA with me to protect my idea?
We will see hundreds of business ideas and many of them will be similar. There will be several dozen ideas publically pitched at our events. For this and other practical reasons, please don’t ask us to sign an NDA. You can find more information in the Conditions.
What do I need to do to get into the VUNK Accelerator?
First, you need to join the VUNK Garage48 Hackathon event on September 09-11th. You can pitch your idea or join other teams. If you want your pitch to be refined and to stand out, register to attend the free Idea Garages. At the end of the VUNK Garage48 Hackathon event, mentors will choose up to 7 teams that will continue on to the Team Validation phase to work with mentors on their idea for the next three weeks.
At the end of these three weeks, the mentors will select up to 3 teams that will get into the VUNK Accelerator, and receive n% from 30,000 EUR of fund, access to a co-working space, mentorship and other resources from Telia Eesti and our partners.
What is Idea Garage and why should I join?
The Idea Garage is a 3-hour workshop organised by Telia Eesti, SWG and Garage48. Come and test your idea, learn to pitch, meet mentors and other entrepreneurs. No prototypes are built at this stage. Places are limited, so make sure you register as soon as possible! You can register on our program website.
What is the VUNK Garage48 Hackathon?
It’s a traditional Garage48 hackathon organized together with our awesome partner Garage48. The aim is to develop a working prototype of your idea. Places are limited, so hurry! You can register HERE.
What is the Team Validation phase and why do you need it?
The Team Validation phase is a 3-week mentored phase for up to 5 teams who won at the VUNK Garage48 Hackathon event. After VUNK Garage48, teams will need to settle down, think about their businesses and set up their teams further. Mentors will help the teams through this process. The validation phase is an important process and is necessary if you’d like to be selected to join the VUNK Accelerator and receive n% from 30,000 EUR fund.
What is the VUNK Accelerator?
The VUNK Accelerator is Eesti Telia’s startup accelerator program, which carries funding from 30,000 EUR fund. It’s a full-time, 4-week intensive program, led by Startup Wise Guys. The VUNK Accelerator will take place between October 17th and November 11rd 2016. After this, teams will have an opportunity to pitch to angel investors.
What will happen after the VUNK Accelerator 2016 program?
There are many possibilities that we cannot predict, and it pretty much depends on the team – ultimately it’s your business and you’ll have to be motivated to build it further. The teams will get direct access to the semi-final selection round of SWG's next program: BusinessTech Winter 2017.
What if my company doesn’t succeed?
You tried, you failed, you learned – that’s a big win. Not just anyone is accepted into the VUNK Accelerator, so just being part of it in the first place will give you an impressive resume item for your next project. You will get to meet many smart, talented people. Plus, you will gain experience in building a business – why not to use all of this experience for your next startup.
Does Telia Eesti retain equity in the companies who take part in the VUNK Accelerator?
No, Telia Eesti does not retain equity in the companies participating in the VUNK Accelerator program.
Does Telia Eesti own the intellectual property (IP) developed by my company during the VUNK Accelerator 2016 program?
No. No IP rights will be transferred due to participation in the VUNK Accelerator 2016 program. Please read the conditions for more information on this.
If Telia Eesti does not ask for equity or IP, why is it investing?
We want to explore new ideas and collaborative business models that will benefit both you and us. We believe that startups build and scale businesses faster when they have better access to the market. We also hope to gain new ideas and fresh perspectives, helping us to innovate our existing products and services. Anything is possible when we work together!
Will Telia Eesti collaborate or invest in my company after the VUNK Accelerator?
Some Telia Eesti engagement with the selected companies may evolve, but this is not a key element of the VUNK Accelerator. All potential collaborations and their conditions depend entirely upon negotiations between the startup and Telia Eesti. These should be discussed separately.
Is there anything else I need to know from a legal perspective?
Your registration to any event or participation at the VUNK Accelerator doesn’t create a contract or other relationship between us, other than your agreement to the conditions.
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