- What is the TechFounders accelerator?
TechFounders is a dynamic division of UnternehmerTUM, Europe's leading center for innovation and business creation.
Serving as the pivotal matchmaker between promising start-ups and established corporations, TechFounders orchestrates partnerships that yield mutual benefits. Our core mission revolves around empowering start-ups for exponential growth while enabling corporations to ignite pioneering ideas and future-proof their endeavors.
By bringing together established companies with pioneering start-ups, we actively contribute to the expansion of employment opportunities and economic prosperity across Europe and beyond - in a sustainable and responsible manner.
- When and where is the program held?
The program operates in a hybrid format, with two batches per year. Our upcoming winter batch begins in February and concludes with Demo Day in June, while the summer batch starts in July and wraps up in December.
Each batch includes two on-site sprints in Munich, Germany, alongside one online sprint and regular check-ins. For a detailed overview of the program's structure and content, please visit our Program -page.
Start-ups working on pilot projects with our corporate partners will start and advance their projects based on their specific agreements with the partner company.
The program also features a variety of workshops, networking events, and intensive meetings with potential customers and industry partners, tailored to the needs and interests of each start-up.
- Do I have to relocate for the entire 20 weeks?
Coaching sessions and events are scheduled across two on-site sprint weeks during the 3-month program, supplemented by online sprints and regular check-ins. For the next batch, the on-site sprints will take place on the last week of February and the first week of June.
Attendance at the on-site sessions in Munich, Germany, as well as all program events, is mandatory.
For the most up-to-date information on the scheduling of on-site and remote sprints, please refer to the Program Timeline on our Program page.
- When is the application deadline?
Please check our "Join Program" -page for up-to-date information regarding our application deadlines.
- What stage of start-ups are accepted?
Companies that are looking to raise an initial round of investment (seed/series-A) may apply. Generally, we are looking for “late” early stage companies that have at least a working prototype and are ready to do a pilot project with one of our corporate partners. If you have more traction and first paying customers – even better!
- How are the applications evaluated?
Your team is the most important element. We look at the founders to see if they exhibit traits that we believe are vital for start-up success; such as tenacity, strong technical know-how, the ability to clearly explain complicated matters, great product sense and a clear passion for their business. We have found that the most effective founders are able to truly sell their vision and possess adequate foresight for future steps.
If the company is involved in direct sales, we look for vital, strong sales-centric business leaders. Alternatively, if the company is involved in online sales, we look for business founders with a natural ability in acquiring customers, conversion, retention, and design. In essence, we look for businesses that talented people would be excited to join.
Previous enterprise experience is certainly not necessary although always a plus. Aside from your team we also consider market significance. We focus on markets that are large enough to catch the eye of top venture funds. Stellar teams without a clear market focus still have the possibility to be admitted.
- How will I know the status of my application?
If your application is advanced to the next round you will receive notice shortly before the next interview date. Finalists will be invited to pitch at a pitch event with one of our corporate partners. After this meeting you will be notified if you are being offered a place in the accelerator along with the terms of acceptance. You will be asked to respond very quickly (24 hours) if you accept the position, as others will also be waiting for placement.
Please understand that we receive many applications and wish to evaluate each properly, so we ask for your patience during the application period. Please resist the urge to email us about your application status, we will contact you.
- Who is behind the accelerator?
Our corporate partners for upcoming and running batches can be found under the "Join Program" -page. Our partners are specifically chosen because of their strong belief in the vision of our program. TechFounders values their feedback and their guidance. It is because of our partnership that we do not take equity.
- Is there a short history of TechFounders and past start-up alumni?
TechFounders has supported over 200 start-ups, including success stories such as ProGlove, KONUX and remberg. The program is part of UnternehmerTUM, the leading center for innovation and business creation. Since 2015 our alumni start-ups have raised over 800 million in financing and created around 3,000 jobs. You can learn more about our alumni here. More about UnternehmerTUM here.
- Must I have an idea to apply?
Yes, and preferably already in execution. You must be prepared to work on a project together with one of the Industry Partners. If you are a younger-stage company, we suggest looking into programs with UnternehmerTUM, e.g., the XPRENEURS Incubator.
- I have an idea but no team - Can I apply as well?
Yes, but frankly finding a team is half the battle. Find yourself a strong team and execute!
- What happens when I join?
- Each team with a pilot project receives an initial investment of €25K (net)
- Meetings with several entrepreneurs, venture capitalists, and other experts are arranged. This includes people who are interested in helping you build your business and core focus on customers acquisition as well as venture capitalists who will provide business/product advice
- There will be several pitch trainings throughout the program, as well as individual coaching sessions and workshops with other start-ups
- Demo Day (and a fantastic after-party) takes place at the end of the program where you will have the opportunity to pitch to the top funding sources. There will also be guest lectures, mentor meetings, and other networking opportunities during the program
- Why would corporate partners invest in start-ups without equity?
Our corporate partners are always on the lookout for new and innovative concepts and start-ups. Start-ups are often more agile than established companies. Through TechFounders, our partner companies have the opportunity to get to know your start-up in an early stage.
- How much does it cost?
Nothing! TechFounders takes no fees and zero equity. Our corporate partners finance the program.
- Should international founders apply?
Absolutely! We are very keen on accepting founders from all over the globe and many of our alumni are from abroad. However, if the travel and safety regulations allow, we require founders to be physically present at TechFounders during the 2 presence weeks of the program. We encourage you to apply!
- I have further questions... who should I contact?
Please do not hesitate to contact us for any further information. We are more than happy to answer all your questions.
Email us at [email protected].However, please resist to mail us regarding the status of your application or an evaluation of your start-up prior to your application. Due to the high number of applicants, we unfortunately won’t be able to answer them.