Information

Buildit Accelerator, also known as the Accelerator of Things, is a premier accelerator program designed for startups focused on hardware and IoT. Entrepreneurs participating in Buildit gain access to a wealth of resources including mentoring from industry experts, funding opportunities, business development support, and a network of potential partners and investors. The program is structured to provide comprehensive support to early-stage ventures, ensuring they have the tools and guidance needed to navigate the complexities of product development and market entry. Additionally, Buildit offers state-of-the-art facilities and prototyping equipment, enabling startups to iterate and refine their products efficiently.

How to Apply

To apply for Buildit Accelerator, interested startups should visit the official Buildit website and navigate to the application section. The application process typically involves filling out an online form with detailed information about the startup, including the business idea, the team, the market potential, and the current stage of development. Selected applicants will be invited for an interview or pitch session where they can present their ideas in more detail. It is recommended to prepare a solid business plan and a clear demonstration of how the product fits within the hardware or IoT space.

Total number of startups invested: 45

Average Funding: The average funding provided by Buildit Accelerator typically ranges from €20,000 to €50,000, depending on the specific needs and potential of the startup.

Industry: Hardware, Internet of Things (IoT)

Market: Latvia