Project title:

HugeTECH Revolution Startup Platform

Main goal:

The main goal of the Project is to support the development of 150 innovative Startups from Eastern Poland using a comprehensive incubation process in the form of basic and specialized services, and financial grants. The process will result in the creation of an MVP and its market validation.

Target audience:

An adult natural person or a team of persons, who want to start and develop their own company in Eastern Poland based on a business idea of ​​a product or service of innovation nature at least at the national level may apply to participate in the project.

Measures:

During the incubation process, HugeTECH Revolution Startup Platform will provide startups with support in the form of basic and specialized services, together with financial grants.

Basic services include in its offer: providing office space, accounting and bookkeeping services, legal support, tax consultancy and basic marketing support, including the development of identification elements.

Specialized services are provided to the Startup in response to its specific technological or business needs, related to product development or verification of the business model. The catalogue of specialist services includes, among others: technical, technological, engineering, IT and design support, including the provision of the necessary software and licences, support in the area of ​​management and entrepreneurship in terms of the idea being developed by experts in a given industry.

The financial grants will be used to finance external support that will enable the startup to develop and complement key areas to develop an MVP. The project provides for grants in the following amounts: for the horizontal path, an average of PLN 10,000 net, and for the industry path (health), an average of PLN 43,000 net.

The scope, type and dimension of basic and specialized services, as well as the amount of the financial grant, will be determined each time by the Incubation Manager in cooperation with the startup and its partners.

Main effect:

The project assumes the participation of 150 Startups (an average of 30 Startups in each of the five incubation rounds), of which a maximum of 70% will be able to receive an incubation report along with a positive recommendation (authorizing them to apply under Component IIa: Support for the development of business activities of startups in the Eastern Poland macroregion, of Measure FEPW.01.01)..

Number of startups throughout the programme: 150 startups

Number of startups in each round: approx. 30 startups

Duration of each project round: 6 months

Project value (total project cost): PLN 18,504,210.00

Amount of contribution from European Funds: PLN 16,980,000.00