Applications for the 12th cycle of the OK!Thess acceleration program, with online participation

 

What is the acceleration program of OK!Thess?

The OK!Thess acceleration program supports groups of individuals with innovative ideas, at the early stage of their investigation or development. It helps participants mature their ideas in a short period of time, and discover a financially viable and scalable business model that will allow them to grow, as startup businesses, in large markets.

This is realized through:

  • Training on methodological tools for business model discovery (Lean Startup Methodology) and basic skills pertinent to entrepreneurship
  • Personalized advisory by the startup coaches of OK!Thess in a weekly basis
  • Networking with experienced professionals who provide mentoring in specialized topics
  • Access to funding through the OK!Thess investor network (Venture Capital funds, business angels) as well as through alternative sources of funding

Further, through several other activities, OK!Thess helps participants to grow their network and become engaged in Thessaloniki’s innovation ecosystem. Since the beginning of 2017 the acceleration program of OK!Thess has provided support to 107 innovative business ventures.

Adapting the program to the new circumstances created by the pandemic in Greece, participation in the 12th cycle will be realized for the second time exclusively online.

 

When does the program take place?

OK!Thess acceleration program takes place in 4-month cycles and accepts new participants three times a year: in January, May, and October. The next cycle of the acceleration program is the 12th, and is about to start on the 9th of October 2020, with a deadline for submitting proposals on the 27th of September 2020.

You can watch a video from the 9th cycle Bootcamp from October 2019 at this link.

 

What is the application process?

Teams are accepted into the program through an evaluation process that consists of two phases:

1st phase: The team is evaluated based on its submitted application form, in order to be invited and participate in the week-long training Bootcamp of OK!Thess. The Bootcamp provides 25 hours of online training with mandatory attendance, from the 9th to the 16th of October 2020.

2nd phase: During the Bootcamp, the team is evaluated for its participation in the full program of the OK!Thess acceleration program, which has a 4 - month duration (October - January 2021). The program includes approximately 20 training workshops and masterclasses with mandatory attendance, as well as weekly meetings with startup coaches of OK!Thess, which will be held exclusively online for the second time.

Important dates:

  • Wednesday 23 to Friday 25 September: Office Hours with startup coaches of OK!Thess *
  • Sunday 27 September 2020 (23:59): Deadline for submitting applications for participation
  • Friday 02 October: Completion of the 1st evaluation phase and updating of applicants. Phone confirmation with team representatives who will be invited at the OK!Thess Bootcamp.
  • Friday 09 October (18:00-21:00): Beginning of Bootcamp (Introduction to OK!Thess program and the Lean Startup Methodology)
  • Saturday 10 October (10:00-13:00 and 17:00-20:00): Introduction to Business modelling
  • Sunday 11 October (10:00-13:00): Introduction to Market Validation techniques
  • Monday 12 October (18:00-21:00): Business Model Canvas presentations and feedback from coaches
  • Tuesday 13 October (18:00-21:00): How to Pitch - Introduction to pitching techniques
  • Thursday 15 October (18:00-21:00): Pitching trials by teams and feedback from coaches
  • Friday 16 October (18:00-21:00): Presentation of teams that completed the Bootcamp to an evaluation committee (Pitching Event)
  • Saturday 17 October: Announcement of the teams that are accepted at the 12th cycle of the program

* To better prepare teams before submitting their application, OK! Thess coaches will be available for online meetings on September 23, 24, and 25, to discuss their business idea. Send an email at mail@okthess.gr to book a meeting with one of the coaches.

 

Which are the obligations for whoever is accepted into the program?

The teams which are selected at the end of the Bootcamp to be accepted in the 4-month acceleration program follow a common training program and a personalized consultancy program.

During the whole cycle, every Thursday afternoon (18:00-21:00) a compulsory training masterclass/workshop takes place. Workshops/masterclasses concern training on methodological tools for business model discovery (Lean Startup Methodology) and basic skillsets pertinent to entrepreneurship. Indicative topics:

  • Introduction to Lean Startup
  • Product/market fit
  • How to build your MVP
  • Market research methods
  • Competition mapping
  • Who is your customer
  • Experiment design
  • Basics of startup financial planning
  • Negotiating agreements
  • Product management
  • Sales for startups
  • Online marketing for startups
  • Social media for startups
  • Problem solving, creativity & advertising
  • Investment readiness (why I wouldn't invest in you)

In addition to the training program, participants meet with their startup coach once a week in order to discuss progress, to evaluate the deliverables they worked on and address challenges. As part of this process, coaches also bring the teams in touch with experts from the mentor network of OK!Thess.

 

Are there any fees?

Participation in the Bootcamp of OK!Thess is free of charge. Provided that a team successfully completes the 2nd stage evaluation at the end of the Bootcamp and is accepted into the full program, there is a symbolic fee of 150€ (per team) as a contribution to the activities of OK!Thess.

 

How can I apply for participation?

To participate, fill in the following form, hit submit and wait for the confirmation email. In case you don’t receive it, contact us at mail@okthess.gr .




Application form


Idea



Market


Team


Support


Contact info