Acceleration & Investment Program
Innovate21st is designed to deliver critical components of a successful accelerator program, which are learning, guidance and financing.
About the Program
Developed by idacapital, invested in by various institutional investors, Innovate 21st Acceleration & Investment program offers a wide range of knowledge base and Venture Capital support in order to promote startups.
During the first phase of the two-phased program, applications are analyzed with great care through a two-stage evaluation system by our team of analysts and advisory board members. In the second phase, startups that are chosen for investment are included in the acceleration program in order to develop their businesses, increase their market shares, and help them to reach a wider network.
As Innovate21st we invest in startups that can produce alternative solutions to conventional systems; which have passionate and reliable teams with strong innovative sides, aiming to help them reach their goals more easily and constructively.
1:1 meetings with investment analysts and you will get financial model design, unit economics analyses, growth and access to finance support in line with financial metrics
Financing up to $ 100,000 through Convertible Bonds
24-week program focused on driving business growth and accelerated market penetration
Close communication with Venture Capital investors and experts in marketing, technology, legal & tax issues etc.
Marketing and Cloud Server perks
Opportunity to receive further financing from program backers
Opportunity to reach a wide network of Venture Capital investors & co-investors
The ongoing change caused by digitization on Retail, Shopping and Commercial Real Estate Spaces, is stepping into a new phase, as we call it the “New Normal”, a lot sooner than it is expected.
The New Normal, still yet to take on its mature form will affect consumer behavior (health, security, entertainment, etc.) Legacy systems should rapidly adapt to these changes, paving the way to create new opportunities for startups that have developed innovative solutions addressing these needs.
Innovate21st focuses on this context. With this Call, we boldly aim to place Istanbul in the origin point of such changes and new solutions. We want to be the first investors and users of these solutions.
Following the evaluations during the second phase of the program:
Pulpo AR, working on augmented reality in the cosmetics sector
Park Palet and Navlungo, serving as a marketplace in the logistics and storage sector
deserved to attend the acceleration program coordinated by idacapital, and a total of 450K USD pre-Series-A level investment were made into these startups.
RetailTech & PropTech
Changes and developments regarding the innovations that are ongoing on the Finance and Technology sectors are causing new neccesities. Innovate21st Acceleration program is aiming to support new products that are formed to fulfill the urgent need of businesses to adapt to the new ecosystem.
Newly formed needs and demands are affecting the consumer behavior and conventional systems are not sufficient enough to assort with these changes. This situation is creating opportunities for startups that are developing innovative solutions.
As Innovate21st we are stepping in at this point and aiming to make Istanbul as the center and the starting point of these changes and new solutions by the implementation of the Acceleration program.
We are planning to start taking applications by mid-October 2020 and announce the startups that qualify to join the Investment & Acceleration program by mid-November. Program is planned to last for 24 weeks and aiming to contribute to the startups’ journey to success.
RetailTech & PropTech
Team and Execution
Traction & Scale
Problem and Vision
Unit Economics &
Sustainable Systems & Risk Management
Product & Lovable Solution
Go-to Market Strategy
Assist. Prof. Zeynep A. Koçer