FAQ

What is ReaktorX

ReaktorX is a pre-acceleration programme for first time founders.

How can I apply?

Currently the applications are closed. The first batch of the programme lasts from February to April 2017. The second one is planned for October-December 2017.

For whom?

  • For industry experts looking to start their first company.
  • For ambitious students with entrepreneurial mindset.
  • For anyone with an idea and a strong will to make it happen.

What is the aim of the program?

Take your startup from idea stage through customer development to the first version of the product (MVP), ready for first customers and / or first investor funding.

How does the application process look like?

Applications for next batch will be announced in August or September 2017. Reaktor crew reviews the applications and startups that make it to stage 2 are notified via email. Hangouts are scheduled with all the teams and final decisions are announced before the programme starts.

What’s going to happen during the programme?

Once you are accepted, you will be assigned your own private mentor who will help you develop your product on a weekly basis. Even though you will have one own mentor, you will also talk to other mentors during the pitch and networking events.
We will be holding a series of events, mentoring sessions and workshops for you twice a week.
During the last week of the programme, we are going to organize ReaktorX Demo Day where each graduate will pitch their startups to investors, journalists and fellow founders.
Summing up:

  • Workshops once a week for the duration of the programme (10 workshops)
  • Networking events with developers, designers, marketers and mentors
  • Sessions with mentors once in a two weeks (at least 5 sessions)
  • Three separate pitching sessions
  • Demo day with pitch contest in front of top investors, journalists, influencers
  • Winners of demo day pitch at OpenReaktor and have a chance to close up to 100k EUR funding.

What are the workshops on?

  • customer development
  • lean canvas
  • product research
  • pitching
  • attracting customers
  • legal stuff
  • marketing and PR
  • hiring and managing the team
  • preparing to meetings with investors

How long will the programme last?

10 weeks.

Do I need to quit my job to be part of ReaktorX?

You don’t. Even though it’s recommended to focus fully on your startup during the acceleration, we understand it might be too early to quit your regular job at this stage.
All the events related to ReaktorX are held either in the evenings or during the weekends, so you should be fine if you are aiming to study or work during the programme. Just assume no free time during those 10 weeks 🙂

What will happen after I graduate?

We are going to introduce our graduates to accelerators, business angels and investors helping them with the next step of the startup journey.

The best graduates will present their startups at OpenReaktor.

Who are the mentors?

Mentors are seasoned entrepreneurs hand-picked by the Reaktor crew.

Are you providing office space?

You will have full access to Reaktor as a resident of the co-working space for the duration of the programme. Even though it’s not obligatory to work from Reaktor, we strongly encourage you to use that opportunity as much as you can.

What is the fee?

The fee is 500 PLN + VAT. For two people in one team: 800 PLN + VAT.

Why are you charging startups?

We believe that by charging each startup a minimal amount for the programme, we will be able to filter out people who are not thinking seriously about their business. Building a company is hard work and a huge commitment. We need to be sure you are serious.

Do you take equity in my startup?

No. The programme is equity-free. However, we encourage you to grant 1-2% of your startup’s stock to the mentors you choose during the programme if they agree to work together with you as an advisors to your startup going forward.

Questions?

If you have any more questions, email us at reaktor@reaktorwarsaw.com