Startup Highway (SH) is an accelerator program running in Vilnius, Lithuania. Counting its second year of operation SH is on the road of becoming the most important startup event in the CEE region.
Three months of intense work, combined with the regular mentoring sessions together with the weekly guest visits seems to be a great recipe for all the companies participating in this program. In addition, each startup receives up to €14,000 in seed funding, free office space and other essential services (accounting, legal, hosting, etc.) for free. In return SH asks for 10% of the startups equity.
Startup Highway was founded by the local startup community guru – Rokas Tamosiunas. By exploiting his wide network of connections, Rokas was able to attract only the most promising startups in the region. Hundreds of applications were received; nine startups have started this year’s program. After two months into it, only six remain. Strict SH criteria for constant progress each week ensure that the graduates from this program are going “BIG”.
As the Demo Day approaches (the exact date is not confirmed yet, though mid-September should be a valid guess), startups are slowly switching their focus to the most important day yet. Investors from all over the region (the Baltics especially) are anticipating to see what this year of Startup Highway Class has to offer!
In the coming posts we will individually introduce all of the startups of Startup Highway Class ’12.