360 Lab Accelerator: supports start-ups in their international growth (FOTO)

Vienna, Austria (ots) -

European technology start-ups will receive growth capital of
100,000 euros, access to global test markets and customers, coaching
from top level mentors as well as office spaces in Austria and San
Francisco.

"360° in 360 Days": This is the name of a new international
accelerator program for promising European technology start-ups.
Participants of this program will receive growth capital of 100,000
euros and will be supported by renowned mentors and investors in
gaining a foothold in Europe and the USA and in attracting venture
capital. The program, which will be carried out in Graz and San
Francisco, consists of three phases and will start in January 2019.
The highlight will be the opportunity to move into the CoLab44 in
Silicon Valley, in the immediate vicinity of Facebook, Google and co.

Christian Vancea, CEO of the 360 Lab: "In Europe, there are many
start-ups who successfully develop new technologies or business
models but are lacking the necessary know-how and infrastructure to
achieve an international breakthrough. While there are numerous
incubator and accelerator programs available to them, the majority of
these are not geared towards supporting them as they transition from
market entry to the growth phase, which requires a lot of capital.
Therefore, it was our goal to develop an accelerator program in the
360 Lab that covers exactly this crucial area. A decisive factor for
start-ups is the fact that we have the necessary capital for
follow-up investments as well as an international network at our
disposal and can thus create a considerable added value. The '360 Lab
Accelerator' thereby unlocks the doors to international markets and
investors for European start-ups."

The program is open to technology start-ups within the fields of
marketplace, FinTech, blockchain, AI, SaaS, e-commerce, etc. The
selection process consists of several phases. Applications can be
submitted from 20 September to 11 November. In the course of an event
on 12 December, five start-ups with great potential will be selected
and will start the program in Graz in January 2019.

Over the first four months, the start-ups' products and services
will be adapted to meet the market's requirements and the most
effective sales method will be selected. Towards the end of this
first phase, the start-ups will present their progress to interested
investors on Demo Day. If they manage to impress on that day, they
will not only be able to secure investments, but also get the unique
opportunity to prove themselves at Silicon Valley.

At the "CoLab44" in San Francisco, they will have three months of
intensive work to get ready for the international launch, thereby
following the motto "The more users or revenue, the more venture
capital".

Martin Trink, Head of 360 Lab Accelerator: "We offer European
technology start-ups a structured program that enables them to
develop their business in Europe, to find additional investors for
their international expansion, to enter the US market, to replicate
the success they had in Europe and to obtain funding from the world's
most renowned venture capital investors, all within one year. We look
forward to numerous innovative applicants from all over Europe who we
can guide and support on their way to success."

The 360 Lab The 360 Lab is a think tank and the myWorld group of
companies' innovation hub. Founded in 2018, the 360 Lab is an
independent company with its headquarters in Graz. It will be
officially launched on 16 October.

To live up to its claim of being a think tank in the field of
corporate innovation, the CoLab44 was established in San Francisco,
enabling businesses and start-ups from all over Europe to meet
stakeholders from Silicon Valley. It also provides the ideal setting
for the "360 Lab Accelerator's" second branch and thus creates a
win-win situation for everyone involved.

Applications for the "360 Lab Accelerator" can be submitted
between 20 September and 11 November at www.360-lab.com.

Contact:
ALBA Communications GmbH
Eva Winterer, Senior Consultant

1010 Wien/Vienna, Stubenring 24
T: +43/1/353 60 10-14
M: +43/664/4313590
e.winterer@albacommunications.at
www.albacommunications.at

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