Kicking Off Avatech Accelerator #1
Today Avatech opened it doors to the seven teams selected to participate in the fifth Avatech Accelerator program. Besides providing initial funding, the aim of the program is to provide the teams with trainings, mentorship and relevant advise to enable them to grow their business faster and attract investors after the Demoday which marks the end of the four month acceleration phase.
The welcome speech by Avatech CEO Mohsen Malayeri was followed by two speeches from Kaveh Yazdifard (Avatech) and Saeed Mashhadi, the Founder and CEO of Payping and Alumni of your third cycle.
Iran Seyed-Raeisy, Avatechs Program Manager and head of the program gave an overview of what will happen during the four month program.
It is the first time that Avatech is running this highly selective program. It is aimed at startups that already have a running product and some initial traction as well as a complete team that is able to execute and scale the product over the period of four months. In addition to the 25 Million Toman in funding (in exchange for 8-15% of the startups shares) teams can receive a loan up to 100 Million Toman and will receive relevant trainings, mentorship and advise ranging from product development, to marketing, Team Management to Business Planning. The Accelerator also gives the teams the chance to expand their network and connect and interact with relevant people from the local startup scene. If you want to learn more about the Accelerator, please check our website here.