500K *Average of the startups that raised funding.
We offer support that includes but is not limited to: Business model, market research, patents, branding and media, client and investor deals, CE marking, supply chain management, finance, and coaching on storytelling and how to pitch to investors.
We like to keep the relationship going. After the program ends, startups are invited to move into the HighTechXL Plaza in building 12 on the High Tech Campus. From there we can continue to offer support in the scale-up phase: investment management and access to events, trade shows, distribution partners, and more.
We do not own any research facilities ourselves, but we partner with various facilities in the city and region.
Unfortunately, we require at least two full-time members of the leadership team to be physically present during the entire period of three months. Why? Because we know that the deadline-packed content of the program can be an awful lot for a single founder. We’ve previously agreed to solo acts, only to see founders collapse under the pressure of the timeline. So, please, don’t underestimate the commitment and hands needed to go through the program. it’s a two-way commitment. Dedication to success is a two-way street: If we put our time and effort into accelerating your startup, we want you to be prepared to work with us full-time to build something great.
All we ask in return is 2%-8% equity, depending on your case. The 2% equity stake is fixed, and an additional 6% are flexible under the following conditions:
The business is validated and financed within 18 months as measured by the following criteria*:
*Both parties can agree to strike one or more of the criteria above, in case of low importance to the development of the company.
Of course! You can discuss the exact details or questions about your funding in a phone or Skype conversation with us.
Your startup company should have at least a prototype ready in order to apply.
We are focused on truly innovative technology, hence the High Tech in our name. Any outstanding solution combining hardware and highly elaborate embedded software is a perfect fit for our program. Given our strong partnerships with companies such as ASML, Philips, and NXP, HighTechXL is interested in the following areas: Robotics, Automotive, Sensors, 3D-printing, Advanced Materials, Energy Storage, Cleantech, Agritech, Semiconductors, and Medical Devices.
Yes! Skyping is nice, but long-distance communication doesn’t get you the same results as actually being here.
Three days after the application deadline, we invite 20 startups per technology track to our Finals in Eindhoven. The event takes a total of 4 days – 2 preparatory and 2 mentor sessions. During these intense days, you will battle the other invited startup teams and pitch to the partner jury, which will eventually pick the final 12 to join the program – approximately 4 startups per track. If you find a spot in the final 12, we expect you to join the program full-time, and relocate to Eindhoven with your team for a period of at least four months. As part of the application process, we first sign an MOU – a memorandum of understanding, and later, given you are invited to Eindhoven, a participation agreement prior to the Finals, and finally a shareholders agreement at the beginning of the program.
Yes, we do. We are here to help with visas and liaise with government officials to provide letters of intent and proof of income during your prospect residence. We also facilitate the granting of the Dutch Startup Visa, which allows foreign startup founders to reside in the Netherlands and engage into business activities without the necessity to obtain the standard permissions.
Unfortunately, we do not have budget to cover your travel expenses, but we do help with finding accommodation.
Unlike the typical small provincial town – Eindhoven has a fine blend of design, technology, and booming expat culture. There is a lot you can do to wind down after the hard days of work. Eindhoven is famous for its design community. You can meet the design clique downtown in the area of Strijp-S, or visit Dutch Design Week in October. If you miss this one, you might be just in time for Dutch Technology Week also taking place in Eindhoven. If you are a movie fan, the NatLab offers a great selection of Festival and indie cinema. For sports and urban lovers, we have the indoors skate park, salsa and martial arts sports centers, and the urban culture festival E-Moves. And if you just want to mingle with like-minded people, the Expat Center in the city organizes different activities ranging from sports to meet-ups.
No, we don’t. When we make a deal, we understand that valuation is not a “friendly” clause for early-stage startups, thus we don’t put value on the company. Instead, we select startups based on their potential.