Our Process in Five Phases
INiTS is the first incubator in Vienna, who has supported around 200 startups since 2002, in establishing a company, market entry and expansion. We offer up to € 100.000 financial resources per startup (partly to be paid back depending on their success) and INITS development support up to 1 year, like office and infrastructure, consulting and training through our startup consultant team, access to our network of experts and mentors and a competitive and innovative startup community.
We are looking for ambitious startups with innovative ideas that have great potential! How to start:
Step 1 – Application
You have a brilliant idea and would like to start your own business? Fill out our application form – so we get a first impression of your business idea and we can check whether you meet our selection criteria. If your idea meets our criteria, we will invite you to a first meeting and subsequently to a pre-incubation a workshop.
Step 2 – Pre-Incubation
After the preparations in the pre-incubation workshops the big day arrives: The pre-selected teams will present their business idea in front of our project advisory board. The board provides you with valuable tips and feedback due to its many years of experience and decides which startups are taken into the program and get the first € 5,000.
Step 3 – Startup Camp
Now you can expect 100 days of intensive support. The goal of the Startup Camp is the development and validation of your business model through the Lean Startup method. After the Welcome Breakfast with experienced INiTS startups, alumni, investors and representatives of other funding agencies, it starts straight away: We start with a 2-day kickoff workshop about Startup Business Essentials. In addition to the so-called “lean” workshops, we offer workshops on classic business topics and soft skills such as presentation training, financing, marketing, promotions, IP law, legal and tax bascis, as well as Q & A sessions with experts.
Step 4 – Demo Day
At the end of Startup Camp you have the chance to pitch in front of a jury consisting of investors, entrepreneurs, consultants and experts from different areas at the Demo Day. In addition, the teams present an “investor slide deck” (about 20 slides) as well as their business case. The best teams will receive further financial resources and get INiTS development support.
Step 5 – Development Support
After the successful completion of the Startup Camp the INiTS development support begins. The aim is to support you optimally for the challenges at this stage on issues such as prototyping, market access, growth, strategic partnerships, and internationalization. The focus is on one-to-one coaching and advice, tailored to your specific needs. Workshops on topics such as finance and investor relations, partnering and innovation marketing are also available. You get access to the extensive network of INiTS of investors, research and industry and you benefit from the extensive experience of the INiTS team.