Brinc ScaleUp is an initiative to support young, innovative companies in the field of industrial IoT

 

The program aims at providing the break-through technology solutions to Polish corporations by working closely between them and startups. It is co-sponsored by the Polish Agency for Enterprise Development.

We will provide comprehensive support to mid-stage startups who have a complete working prototype and are ready to start their DFM stage.

Similar to the Poland Prize powered by Brinc program, Brinc ScaleUp takes 0% equity. Selected teams receive cash and services to deliver prototypes that will help them implement their solutions within Corporates.


Why Poland?

Poland’s economic ascent is remarkable. After transitioning from communism, Poland’s per capita GDP growth was fast and stable - averaging about 4 percent per year. The country moved from middle to high-income status in less than 15 years becoming the first country from the former Soviet bloc awarded with a developed country status.

Poland is the only country in Europe where you can seek early-stage hardware funding with hardware oriented VCs that are willing to deploy more than 100+ million Euros into this category.

Our Offer

  • Up to $66,000 USD* in cash ($29,000 USD ) and services ($37,000 USD) equity-free for you to start with DFM

  • 4 months program in our brand new Hardware Hub in Poznan, Poland, including an event space, maker space and demo zone as well as some time spent on location with our hands on technology receivers around Poland

  • A trip to Hong Kong/Shenzhen during which you will familiarize yourself with production processes for later stages of startup’s development

  • Advisory and networking services to increase chances of getting an investment from leading Polish VCs

  • Corporate Week: working on-location with some of the biggest Polish corporations who might become startups' first clients and potential investors

  • Access to Brinc’s LMS educational platform

 

Timeline

  • The first round of recruitment starts in December 2018 with the acceleration program starting in April 2019

  • The second round of recruitment starts in August 2019 with the acceleration program starting in October 2019

  • The third round of recruitment starts in December 2019 with the acceleration program starting in April 2020

  • The fourth round of recruitment starts in August 2020 with the acceleration program starting in October 2020

  • The fifth round of recruitment starts in December 2020 with the acceleration program starting in April 2021

 

Our partners

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FAQ


What are the commercial terms for the program?

Teams joining the full Scaleup by brinc Acceleration program receive $66,000 USD* in cash and services for the full support of the accelerator, for 0% equity.

We invest in teams tackling a wide variety of problems from all over the world, coming from different markets with different economics and benchmarks. Brinc ScaleUp will be centered around prototyping and preparation for seed investment, therefore we require teams to dedicate part of that money towards services that will allow you to meet Acceleration goals. Program’s parallel goal is to create solutions for our various corporate Technology Receivers who not only can become investors in the teams participating in the program but also become their major clients.

Here is a breakdown of the funds available:

  • $53,000 awarded in cash.

  • Of this $53,000, we require teams to spend $24,000 on prototyping services.

  • Additionally, teams will receive $13,000 worth of accelerator services (mentorship, consulting, education).

*Offer based on the Exchange rate PLN to USD.


Why do we need to register our business in Poland?

Poland makes a lot of sense for hardware in the CEE region.

There are many reasons why incorporating in Poland makes sense for hardware businesses:

  • European Union member

  • Access to European market through a borderless Schengen territory

  • Fast-track visa process with support from Polish Goverment

  • Low cost base

  • Active and supportive startup community

  • Active investor community with numerous pitch and networking events

  • Easy company setup and operation

  • The ideal test bed for your product or service ahead of regional expansion

  • Strategic and cost effective location within the Center of Europe

  • Fastest Economic Growth in Europe

  • Numerous government-run grant options in Poland

  • Motivated and hands-on Technology Receivers who may become startups’ first clients


What can I expect after the program?

AFTER WE'VE COMPLETED THE 4-MONTHS, YOU'LL STILL BE A PART OF THE BRINC FAMILY. YOU WILL BE PRESENTED WITH A POST-ACCELERATION PROGRAMME THAT WILL BE SOLELY TARGETED ON YOUR STARTUP GETTING SEED-ROUND IN POLAND. IN ADDITION, DUE TO OUR COOPERATION WITH TECHNOLOGY RECEIVERS, YOU WILL HAVE A PROOF OF CONCEPT OF YOUR SOLUTION BEING IMPLEMENTED IN ONE OF THE POLISH BIGGEST CORPORATIONS WITH A CHANCES OF THEM BECOMING YOUR FIRST CLIENT.

Brinc created a vast network of VCs investing only in hardware startups so we will be there to help you realise your dreams of taking your startup to a new level.

 

APPLY FOR OUR SPRING 2019 PROGRAM

Spring 2018 Applications are due FEBRUARY 15TH, 2019