As we are progressing towards the final selection of start-ups to be given the full benefits of the Openfund, we’d like to share with you a bunch of details, for you to get to grip with our procedures in general or get prepared for the next call of the Openfund.
At first, great effort was put on reviewing all of the proposals submitted. Each one of applications was reviewed by 4 partners on average, while all of the reviews were shared with the applicants, no matter if they proceeded to the next round or not, as we consider such feedback as really valuable for not to share.
Successful applications of this first round was then requested to submit a full business plan, within two weeks. A detailed template was also given, guiding the entrepreneurs for filling up all the details that we consider useful, while leaving out unnecessary paperwork. We consider this template of interest, and at this point we are happy to share it publicly with anyone interested in getting better prepared for our next round of applications, or just having a solid business plan template on hand.
What follows is the interview day, which is to take place on the following Saturday, November 7 and during which the selected teams will present their team and showcase their product, in between Q&A with our full executive board.
Successful applicants of this stage will then be invited to physically attend our start-up day event, and pitch their application to our executive board, investors and advisors, among others. The event will take place on November 21st, out of which up to 5 start-ups will be finally selected, we really look forward to that, while we keep working hard towards making this a meaningful time investment for all of entrepreneurs applied, regardless of finally getting selected or not.