Here you will find answers to the most frequently asked questions about the
1. Do I have to give equity? Are there any costs involved for participation?
No, there are no costs for you and you don’t have to give any shares.
2. In which phase should my startup be?
The startup should be in the Early Stage.
3. What should I prepare for the application?
If you prepare the following, you will not need more than 5 minutes to complete the form. Please have the following things ready: contact details, short description of your idea (max 100 words), pitch deck.
4. What is the application process?
After you have clicked on apply, you will be redirected to an application form. Fill out the few questions, upload your pitch deck at the bottom of the form and click on „Submit Application“. You will then receive a confirmation email. At the end of the application period we will look at all applications and select the most convincing ones. We will invite these teams to STARTPLATZ Cologne or Düsseldorf, where they will personally pitch their business idea in front of a jury. After all pitches, the jury decides which teams will be part of the next batch and inform the teams in the following days.
5. Do I have to use one of the locations (Cologne/Düsseldorf) as my main office to participate in the accelerator?
Yes, in addition to the mandatory dates during the accelerator, we expect the teams to work regularly in the coworking area of the STARTPLATZ.
6. How big can my team be with which I apply?
The team size does not play a role for the application, however, due to capacity reasons we are only able to provide a working place for a maximum of 3 team members in our coworking areas. Additional work tables have to be paid by the team itself (99€/person per month).
7. Can I also apply as a solo entrepreneur?
Yes, you can also apply as a solo entrepreneur.
8. I only have an idea so far, can I apply for the accelerator?
The focus of the STARTPLATZ Accelerator is on startups in the early stage, so the idea and conceptional phase should already be completed. However, with a convincing idea and a strong team, you can already apply with a mere idea.
9. What are there financing possibilities at STARTPLATZ?
STARTPLATZ does not invest in the participating startups, but through our STARTPLATZ ecosystem and the structure of the Accelerator we promote startups to find potential investors and actively support matchmaking through our large network, events such as the Cologne Funding Days, consultation hours with business angels and high-profile events such as Demo Days.
The first round of the STARTPLATZ STO (Security Token Offering) is also planned for 2019. The selected teams will consist of current and former STARTPLATZ Accelerator startups. More information can be found here.
Furthermore, founders and startups form NRW can apply directly to STARTPLATZ for the startup scholarship Gründerstipendium NRW of 1000€ per month. Find out more here.
10. Can I reapply after a cancellation?
Yes, teams can reapply for the next batch after a cancellation. For this, a new application is necessary.
11. I have the feeling that my startup is too far for the accelerator. What other options are there?
STARTPLATZ offers a wide range of services for founders & startups as well as corporates who want to immerse themselves in the agile world of startups and create synergies.
At STARTPLATZ you have the opportunity to work together with other entrepreneurs in our coworking areas and profit from the effects of the community. Besides the standard memberships we offer startups the possibility to apply for a discounted Bootstrapping program. You already have an office and no need for our coworking areas? Then take a look at our Community Membership and become part of the community, secure discounts on workshops & events as well as room bookings. By the way, an overview of all workshops & events can be found here. Are you looking for a pitching opportunity in front of a big audience for your startup? With Rheinland-Pitch the STARTPLATZ offers the biggest pitch competition in Germany.