Accelerator UKIM will provide financing to businesses with innovative products and/or services, including startups, entrepreneurs and scale-ups, with high growth potential. The accelerator will also target advanced spin-offs and R&D projects with great potential for commercialization.
Through its acceleration program, including financing, mentoring, lab/workspace access, market access and outreach, Accelerator UKIM will target high-growth potential sectors, including high-tech, distributed systems exploiting big data science, smart environments, artificial intelligence, digital technologies, renewable energy/green technology, smart solutions for automotive industry, and innovative ICT services. The Accelerator will be flexible to exploit excellent opportunities in other sectors as well.
Accelerator will finance micro, small, and medium size companies registered in the Central Registry of the Republic of Macedonia in accordance with the Law on Trading Companies, and Law of Innovation Activity in Macedonia. The companies can be from any region of Macedonia. To be eligible, the companies must have over 50% Macedonian ownership.
The funding will be in the form of equity and debt instruments, or a combination of financing products. The funding conditions will be tailored to fit the opportunity, sector, market, etc. In addition to the funding, Accelerator UKIM will actively support the funded startups with market development, networking, and fundraising for follow-on investments. Our instruments include:
- Pre-Seed Funding: In the amount of EUR 25,000 used for product design and development, and early revenue generation.
- Seed Funding: In the amount of EUR 75,000 aimed for scaling-up of the business, market penetration, and revenue growth.