cultural shift
through technological
innovation
The accelerator for tech startups in culture initiated by Immaterial Future Association & created together with Female Founders
The accelerator for tech startups in culture initiated by Immaterial Future Association & created together with Female Founders
In Vienna
16.02.2023
Online until
15.01. 2023
Until
05.02.2023
Until 14.02.2023
Week of
February 13th
15.03 – 31.05.2023
In Vienna
02.06.2023
The project must be addressing the space of CultTech. Within this space, there are no further limits.
When applying for the CultTech acceleration, there already needs to be a team that is working on the project. A team consists of at least 2 people that divide their responsibilities in an efficient & effective way.
The minimum requirement in terms of product stage is an MVP, a minimum viable product, that can be demonstrated during the selection process.
To qualify for the program, a legal entity of any kind (incl. NPOs) must be established.
At the time of the application, the team must have at least an idea of the
future business model and the corresponding revenue streams. This serves as an indication of whether the project is going to be sustainable from a financial perspective (this also applies for NPOs). We will in principle have a preference for models that show a perspective of self-
sustainability.
The founders and their ideas should be driven by the aim of having a
positive impact (wider access, fairer distribution of revenue, etc.)
CultTech is the application of technology to the benefit of culture and society. It has the potential to empower creators and consumers, enable massive access to culture and foster new economic models.
In the past years we’ve witnessed the transformation of many industries: from the financial sector to healthcare, from agriculture to travel; technological innovation has changed the way we work, live and love.
But one very important part of life has not yet seen the full power of technology come to play yet: The world of culture.
Great examples are finalists of the Immaterial Future Innovation Award 2021:
Batch#2: 3 months starting from the week of October 24
CultTech startups at the MVP stage. A candidate should have a team of at least 2 people, a registered legal entity, an understanding of its business model and an aspiration to make a positive impact.
The CultTech Accelerator program is key to realising the vision of bringing culture as a vector of change to an immaterial future. Supporting the most promising, game-changing, and driven start-ups is an investment for which the startups have no equity cost, and where zero costs are involved for the startups, it is free.
There are 2 in-person events in the programme.
1-2 sessions per week, lasting for 1.5-2 hours
Click “Apply” and fill out the application form.
The application deadline for Batch #3 is January, 15.
Stay tuned on our social media channels to remain up-to-day.
In order to review and evaluate all of the applications we follow a two-step selection process.
Round 1: we have composed a jury panel consisting of international, experienced individuals from our trusted investor partners as well as internal members of our team, which analyse each applicant according to standardised criteria. Each startup is given between 1-5 points for each of the following categories:
Next, the jury gives us valuable insights, involving detailed comments about potential opportunities and risks involved and the applicants are narrowed down to a shortlist.
Round 2: is a 1-hour video call with all startups, to understand more about their businesses, ask critical questions, get to know the founder team, give the applicants a better understanding of how they can benefit from the CultTech Accelerator and ask us any questions they have.
We then finalise selecting 8-10 startups who will participate in the CultTech Accelerator!
up to 10 startups
Demo Day is a celebratory moment for the founder participants after successfully completing the program: the opportunity to pitch and showcase their businesses in front of investors, the media, and a variety of networks at a hybrid event, highlighting their idea and applying all they learnt and reached in the last 3 months.
Watch how Demo Day Batch#1 was goin on here.
If you want to ask a question or arrange a meeting with the organizers, please, write an email to the Head of the Accelerator office@culttechaccelerator.org or text us on LinkedIn.
The CultTech Accelerator was initiated by Immaterial Future is designed and implemented in collaboration with Female Founders, bringing together expertise and networks across from the start-up, tech, culture and art scenes in Europe and beyond. To find out more about the CTA team click here.
We are planning the third batch starting in December 2022, follow us on social media or sign-up for our newsletter to stay updated on all happenings around the CultTech Accelerator.
We would be extremely happy to consider your support on the program as a mentor or as an expert – fill in the form here!