Apply for Eleven
 
 

The Idea

0017SM_Eleven-how-it-works_V1-1We are focused on innovative ideas, providing up to EUR 100,000 for proof of concept starting with a 3-month acceleration program under one roof. We have the ability to invest EUR 100,000 more usually as part of a follow-on seed round for an aggregate of EUR 200,000 funding by Eleven .

Eleven is a member of GAN and has close ties with TechStars London. Its teams receive support through business insight and technical expertise from an all-star cast of mentors and partners.

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A1

0017SM_Eleven-how-it-works_V1-2Proof of Concept – 3 months

During the first 3 months your team goes through a very intensive process of shaping and building your idea, supported by Eleven and the mentors. All the teams get together and collaborate under one roof. The acceleration phase culminates in a Demo-Day in Sofia.

A2

0017SM_Eleven-how-it-works_V1-3Improve

During the next year things do not get easier with a focus on improving your product or service. Trips to London, Berlin and Silicon Valley are organized each year, where you pitch to Investors and can meet some potential clients and partners.

Seed

0017SM_Eleven-how-it-works_V1-4Comercialize

During the seed stage, you commercialize your product or service, with emphasis on hitting the global market. Eleven could provide the top teams with follow-on seed investment of up to 200,000 in aggregate, often alongside other investors. The equity taken by Eleven starts from 6-8%, but in any case the total (acceleration and seed) stake is not expected to exceed 25%.