ProSiebenSat.1 is reorienting its startup accelerator. In the future, the media group's program will focus primarily on consumer startups..
These should already be advanced in their development and be able to drive their further growth with TV advertising. From now on, every participating startup will 500,000 Euro advertising budget supported for the group's broadcasters.
Cooperations with VCs
The accelerator has recently started collaborating with well-known VCs: B-to-v, Earlybird, E.ventures, Lakestar and Holtzbrinck Ventures. These help both in selecting startups for the program and in coaching the founders.
All previous achievements of the Accelerator such as a Start-up funding of 25,000 euros and the mentoring program remain unchanged. In return, ProSiebenSat.1 receives a variable participation in the participating startups.
Thirty startups have now completed the accelerator, which launched in 2013. Up to five companies can qualify for the program each six months. Applications are currently being accepted again.
