Buildit Pre-Seed Accelerator Program
A programme by Buildit - Accelerator of Things
A pre-seed accelerator for hardware, IoT and industry software teams, with mentoring and a convertible pre-seed investment in exchange for equity.
At a glance
| Best for | Early-stage hardware, IoT, robotics and industry software teams with an MVP or prototype |
|---|---|
| Stage | Prototype – MVP |
| Duration | Three or four months, as the pages state |
| Format | Hybrid |
| Cost | Takes equity |
About Buildit Pre-Seed Accelerator Program
Buildit's pre-seed Accelerator Program gives early hardware, IoT and industry software teams a short, intensive programme with mentoring and a pre-seed investment. Its pages give the length as either three or four months, so confirm the timetable before you apply.
What you get
- Mentoring from a bench of more than 90 people, with expertise ranging from engineering to product design
- Support on problem and solution fit, positioning, storytelling and pitching, fundraising and financials, and manufacturing and product development
- A pre-seed investment, structured as a convertible loan with a discount and a valuation cap, or in some cases direct equity
- A route to the Build-On seed stage for teams that are selected
Who can apply
- Teams building in Industry 4.0, robotics, automation, IoT, big data or software
- A minimum viable product or working prototype
- A team of at least two people with relevant experience; a single founder can apply if willing to find co-founders
- Founders from any country, provided the company incorporates in Latvia during the programme
How selection works: Applications are reviewed and about 10 teams are accepted per batch. Selected teams are invited to an interview round.
How to apply: Apply through the F6S application form for Buildit Accelerator. The pages say applications are always open, but the homepage says the current investment period is over, so confirm intake first.