On April 22, Axel Springer Plug and Play opened applications for the second program in 2014. Applications are accepted right up until May 18, and the next batch of startup participants will begin the program in July 2014.
“We’re looking forward to receiving impressive applications from all around the world and learning about ideas geared for growth.As always, you’re more than welcome to forward this information to promising candidates“ says Luise Gruner, manager of finance and program.
The significant interest of outside investors in the accelerator’s startups speaks to the success of Plug and Play. In the first three months of 2014, every startup that took part in the first round of the program received follow-up financing from external investors.
Such a high quota is an extraordinary success for this young program and shows that we are on the right track with our selection of the startup teams. The teams of the second round, which ended with a Demo Day on January 17, 2014, are currently in negotiations and on track to follow in their predecessors‘ footsteps.
Axel Springer Plug & Play is a cooperation between the German media giant Axel Springer and the Sunnyvale-based accelerator Plug & Play Tech Center in Silicon Valley. Launched in 2013, the Berlin-based accelerator looking for trail-blazing digital entrepreneurs. It provides global opportunities from day one, through their international network in Europe and Silicon Valley.
Three times a year, Axel Springer Plug & Play runs a three month-long program in which we provide startups with office space in the heart of Berlin, coaching, workshops, networking, 25.000 euros, events and more. The program ends with the Demo Day, where startups will have the opportunity to pitch in front of an elite audience of local and international venture capital firms for additional seed and Series A funding. Plus, startups have the chance to meet Silicon Valley investors as well as go to Silicon Valley.