Wednesday , 18 October 2017

Attic Lab participates in the European Acceleration Program

In April 2017, the fourth accelerating program for start-ups of the Huge Thing seed stage was launched in Poland.

This year, Huge Thing is carried out in cooperation with Alior Bank within the ScaleUp program – supported by the Polish Agency for Enterprise Development. The goal of the entire program is the commercialization of projects with the highest potential; meaning, initializing market sales of new products or technology licenses, in cooperation with the program’s partners. This edition of Huge Thing is addressed to startups from CEE, who have their MVP – a basic form of product/solution, which has passed its first market testing, including the Ukrainian teams of innovators, such as the Attic Lab from Kyiv.

Attic Lab CEO Sergey Vasilchuk shared the details of the program and the future prospects of startup.

“In addition to Polish and Ukrainian teams, startups from all over Central and Eastern Europe were invited to participate in the accelerator. Accordingly, the competition turned out to be higher. And this is especially nice, because of the hundreds of participating teams that presented their ideas and actively worked on their improvement during the three-week pre-accelerator, three Ukrainian teams were selected who will go further. We are one of them – Attic Lab, “said Sergey Vasilchuk.

According to Sergei, the pre-accelerator was held in May in Warsaw and included three blocks of weekend seminars. Participants worked on building the right business model, drawing up a budget, “pumping” the project and legal aspects of doing business.

Pre-accelerator is meant for Huge Thing team to better understand the specificity of each startup so they can better address their needs during the proper acceleration period. Additionally, during this time Huge Thing partners got the chance to verify the possibility of future cooperation with startups.

The achievements and potential of Attic Lab were duly appreciated by the Huge Thing team, the startup was able to promote its ideas in the team of the best European professionals. Earlier in Huge Thing there were no Ukrainian start-ups, since the accelerator focused on the domestic market. This year, Huge Thing changed the traditional rules and went further. For Ukraine this is a great opportunity for a breakthrough, as Poland can become a staging point for entering the international market.

At the moment, a team of mentors is being selected – each startup will receive its own personal “guide to success”. Ahead of the participants is the creation of a corporate company in accordance with the Polish legislation and 16 weeks of hard work on the way to success. Also, the program plans to visit Berlin and London for meetings with potential investors.

On September 20, a demonstration day is planned, the official final event of the accelerator program, creates a possibility to present yourself in front of investors, and offers a chance to meet new business partners.

When the acceleration program is over, startups become the Huge Thing’s Alumni. Huge Thing relations with participating startups do not end that day. Similarly to other editions, Huge Thing team stays in touch with teams, supporting them and monitoring their progress.

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