Digital Catalyst Fund, a business incubator inspired by Silicon Valley, is officially available starting June 1st in Bucharest, city that hosts one of the biggest tech communities. Digital Catalyst Fund aims to reunite the most brilliant minds in business, marketing and tech with local talented developers and, together, will bring to life the most interesting and provocative digital start-ups.
Digital Catalyst Fund offers support and advises entrepreneurs at the beginning of their activity in Europe and United States, connecting them with top tech teams in Romania. This way, a major obstacle start-ups face will be eliminated, entrepreneurs benefiting of high level partners from tech sector.
10 motivated and talented entrepreneurs that activate in domains such as digital media, marketing and communication will be selected this summer and they will develop innovative projects and scale the new business opportunities. The 10 selected people will be offered the opportunity to be part in a customized module, for 3 months. During that period, they will work with tech advisors that will function as Chief Technology Officers, will have access to the most important skills in international tech developments, will be able to interact with top investors, aiming for a potential financing at the end of incubator period and will finalize the program with a work prototype.
The objective of this project is to create, under the same umbrella, a community formed from local tech experts and programmers and developers with well structured start-up projects, with the aim to help them so their ideas can get alive and transform in profitable businesses.
An entrepreneur activating in the digital sector needs such a place, where intelligent people with excellent project or ideas to find solid development resources that would contribute to transforming their dreams in successful businesses.
Benefiting of motivated bright minds, investors, professionals and marketing people, supporting together the same project, networking opportunities are extraordinary and sharing experiences and energy exchange contributes to the birth of new innovations for which frontiers aren’t a problem.
Founder Digital Catalyst Fund
At the end of the 3 months period, a capital of almost half million dollars will be invested by Digital Catalyst Fund in the most promising start-ups.
Digital Catalyst Fund created a board including international experts in tech, marketing and people from academic environment, that will offer advises and support to the 10 entrepreneurs on product design, business and marketing strategy, development, infrastructure and financing.
The applications can be sent, via www.digitalcatalystfund.com, until July 5th, with the 10 winners to be selected until August 1st. The “camp” will start in Romania a month later.
Digital Catalyst Fund will start the 2nd round of investments in January 2013 and will continue with 2 investments rounds each year.