- 18 June - 5 August
- 11-16 AUGUST
- 17-23 AUGUST
- 2-5 SEPTEMBER 2018
- 24 September
Day 0 of the program
- 31 JANUARY 2019
Our mentoring program is an accelerator helping startups grow by developing their product or service and connecting them to corporate clients. We accept startups that create real value and whose innovation could change the industry as a whole (i.e. mobility, learning, healthcare, etc.).
We offer a 3-month long program in a coworking space with international mentors from diverse fields, intense workshops and introductions to the most important investors and corporations. And for all this, we don’t take equity.
till 5th August 2018
Local and international heroes at your disposal
Design Terminal team
Companies must have traction - Simply because we can effectively support your startup to scale if it already exists and you already have a minimal number of users or revenue.
A complementer team of at least 2 - Together is better, but only full time members count.
Full dedication - In change of 3-month long acceleration we expect you to dedicate your time to progress. The team leader and at least 1 more person has to participate in the program.
Do I have the option to get funding from Design Terminal?
We do not claim any ownership in the startups participating in Design Terminal’s program, meaning there is no automatic investment by acceptance. You can acquire knowledge without diluting your startup.
If you need further venture capital to grow, you will be able to receive investment from venture capital funds who are in close partnership with Design Terminal, in case your company meets the funds’ investment expectations and policies.
Does Design Terminal provide support for the teams after the program?
The best teams can get an investment, even during the program. The investor is not Design Terminal, but the angel investors, venture capital investors who are in partnership with us. We ensure that the lack of capital can not be a barrier to your business growth.
Do I receive a scholarship during the program?
Yes, but you’re not automatically eligible for it. You have to apply for the monthly scholarship, which will contribute to your living expenses.
If we’re accepted to the program where will we live during this period?
It is your responsibility to find a place to stay, though we can connect you with local landlords to ensure that you have quick access to trustworthy basic and affordable accommodation. If you have any more questions, let us know, we’re happy to inform you.
Will anyone help us with all the challenges to move to Budapest?
Our wonderful community builder is here to help you, and ensure it will be easy to handle the new challenges during the first weeks. Plus we provide each participant a Design Terminal card that eases your integration.
Does my startup need to work at the Design Terminal coworking space?
Well yes, and believe us, you’ll enjoy being close to the fire. Also, as we said, we expect active, consistent engagement that requires regular physical presence from at least two team members in the offices during the mentoring program.
What type of office space is available?
The entrepreneurs will operate out of a coworking space just next to where the Design Terminal team is hustling. Each team will receive access to:
Shared workspace and desks
Free wireless Internet
Kitchen with refrigerators, a microwave, a toaster, and a coffee machine
Easy, fast and even serendipitous access to mentors
What else you provide besides the office space?
We will provide you with:
A 3-month long program in a coworking space with mentoring, workshops, P2P learning opportunities and introductions to the regional investment community
Personalized perks (credits, support programs) for each team from our partners
Lifelong support even after the end of the program
Support in follow-up investment process, together with Hungarian and international VC partners
What if I’m the only founder, and don’t have other full time team members? What about non-developers?
It is an intensive program so we will always prefer teams over single founders. Missing a programmer’s skillset from your team is not a reason to exclude your application, but you have to possess a plan on how you're going to develop your product.
What if I can’t commit to working on this full time?
Our preference is for people who are going to be able to set aside the time needed to maintain a strong growth trajectory. This includes attending workshops (1-2x/week), meeting with mentors, completing assignments, talking to users and using all of these activities to constantly iterate on your product. We think this is unrealistic for people who have a full time job. Be aware that if you do not complete the required assignments and do not have sufficient attendance, you can be fired from the program.
What if I don’t have relevant skills for what I am trying to build?
Unless you have a plan for how you are going to acquire or hire those skills, it will be difficult. When applying, don’t hide the missing skills, but highlight how you will fill these holes.
Can I apply if I’m not from Hungary?
Yes. Anyone can apply to Design Terminal’s mentoring program from within the EU and beyond, as long as you and your team can work in Hungary legally for the duration of the program. We’ll help you with the visa process.
Can I enroll in the program if I don’t speak English?
At least one team member must have minimum intermediate English language skills. If you are a Hungarian team consulting with a Hungarian mentor, you don't have to use English during the meeting, only in assignments. Workshops and materials produced during the program will be in English, and we require the application form in English too.
Reasons for not considering applications
Single person company
Working on project part time
No sufficient traction
Non-scalable product / service
The complete lack of social utility
Who should apply?
Our program is open to idea and early-stage startup teams with an innovative solution focusing on sports and healthcare, working and learning, mobility and urban development. We focus on high growth potential, scalable businesses who already have traction and have a team spirit.
What type of startups do you accept?
Design Terminal is ready to receive innovative proposals in any field of technological innovation which are mainly in the early stages of development. We’re considering applicants who solve problems on web and mobile, or startups with a hardware element too. We can assist you in prototyping and manufacturing, with outstanding mentors from our university partners, MOME and BME. We want to work with smart teams with interesting ideas, and we recognise they come in all shapes and sizes.
Why should we join the Design Terminal Mentoring program?
Design Terminal’s ecosystem is based on solid ground. The acceleration modules, the accomplished network of mentors and investors, the alumni network from different creative fields were all progressively put together and thoroughly tested by 30+ teams in the past years. Plus we’re lucky the city of Budapest is given, so we cannot ask for more.
We’re proud to be part of this game, will you join us?
What is your policy on intellectual property protection?
Protection of intellectual property rights (patents, trademarks, copyright, trade secrets, etc.) in your concept is your responsibility and your responsibility alone. If you think you might have something that you might want to patent some day, definitely talk to a lawyer before submitting information about this idea to Design Terminal. If you think you may have intellectual property rights, and that may they contribute to the value of your concept, you should give serious consideration to consulting with an attorney before making any disclosures. Patent rights in particular can be severely diminished, or even lost, if timely steps for protection are not taken.
You, as a participant (or as a potential participant) in the Design Terminal program, should recognize that many of the steps and processes of this program could result in disclosure of your intellectual property.
Furthermore, you should be aware that Design Terminal does not require non-disclosure agreements or other obligations for confidentiality from anyone involved in the process.
Will you sign an NDA? How do I know you won't steal my idea?
No, we won't sign an NDA. No accelerator would at this stage. If we trust in your vision, you need to trust in our informal commitment to confidentiality. Please take the time and read this piece about the value of mere ideas.