Applications Open For Cohort #2
Betatron, a startup accelerator providing seed funding and mentorship, has announced that applications for cohort #2 are now open. Applications will be open from July 3rd to August 25th 2017.
However, this time, once Betatron has found their chosen startups, they will close applications. Betatron will be reviewing applications on rolling basis and interviewing applicants weekly. This means, the sooner you apply, the better your chances of getting accepted.
Betatron will stay vertical and industry agnostic. The objective will remain to optimize the startups’ business model, position them to scale, and then help them raise their first institutional investment round.Cohort #1 was focused on Hong Kong-based startups. However, cohort #2 will accept startups from Hong Kong and overseas. The size of the cohort will increase for batch #2, as this time TEN startups will be accepted into the program.
The format of the program will remain the same as cohort #1. Each startup will be assigned a lead mentor from one of Betatron’s partners who will work intensely with their startup founders.Based on the needs of each startup, mentors from different industry segments and specialities will be plugged into each startup to help optimize the business.
Each startup will receive US$30,000 funding via a SAFE (Simple Agreement for Future Equity) note. Each startup will also be provided free coworking space at the Betatron Lab.
The accelerator program will last for four months and will start on September 18th, 2017 and end with Demo Day on January 25th, 2018 .