The Slovak American Foundation announced the launch of Slovak Startup Teams | US Connections, a growth and opportunity program for innovative Slovak entrepreneurs.
Working in collaboration with ecosystem partners in Slovakia and the US including incubators, venture capitalists and angel investors, educators, service providers and serial entrepreneurs, SAF aims to provide access to unique resources, experiences and networks for Slovak entrepreneurs. An application-based initiative, US Connections is aimed at early stage Slovak companies with an innovative product and large market potential and a strong management team with a desire to expand globally. You can read the details at Slovak Startup Teams | US Connections website.
Companies selected will receive financial support valued at approximately $35,000 USD to be used over 12-18 months for customized knowledge travel to the US for entrepreneur networking events, pitch sessions, education, customer and funder meetings and/or residency in designated incubators for a few weeks to work on a specific business issue.
Applications for the first round of US Connections will be open until December 31, 2015 at www.slovakamericanfoundation.org with first selection by February 1, 2016, to be made by the SAF Board of Directors, with input from local advisors. The Slovak American Foundation does not make equity investments in startups; rather, it invests in their management teams, enabling them to experience the US entrepreneurship ecosystem first hand in order to grow their own businesses in Slovakia and beyond.