How to raise angel money

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Statistically, angel investors have an average return of 2.5 times the money they invest. Sadly though, only about 15 percent of them are making it, said Mike Doherty, Program manager Angelsbootcamp, during the “Raising angel money” panel at How to Web Conference 2014Angel Investment Track. This makes for 85% of angel investors don’t have any return at all.

Mike sat down with Jonathan Bixby, Executive Director Growlab, to discuss what differentiates those 15% successful angels from the rest and what an early stage startup should expect from them. (see more)

From Iron Man to Axosuits. The exoskeletons that could change the life of 10 million people

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It’s definitely not an overstatement to say that Axosuits, startup building high-powered affordable exoskeletons that help paraplegics walk again, is one of the most interesting products being built in Romania. And the results they registered so far confirm this: they are part of MVP Academy Class of 2014, raised two rounds of financing, won several competitions such as the Best Startup Award at How to Web Startup Spotlight or the Get in the Ring final, and are now preparing to start clinical trials for their product.

And it all began when they decided to build Iron Mad! Andras Kapy (32) and Dorin Hirte (33), two engineers with a passion for robotics from the small Transylvanian town of Oradea had what it seemed to be a crazy dream. (see more)

7 reasons to be part of MVP Academy Class of 2015

MVP Academy

You’ve probably heard by now that we’ve opened up applications for MVP Academy Class of 2015, pre-acceleration program for early stage tech startups. If you’re thinking about applying and you want to see what’s in it for you and how does the program actually help, then this blog post is for you.

If you’re an early stage tech startup working on a product with global potential, there are at least 7 reasons to be part of the 2nd batch of MVP Academy.

(see more)

GetFittter: From zero to 4.2 million USD

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“Either you’re an entrepreneur or you’re not” says Bogdan Predusca, Co-Founder of Fittter, an application that offers a mobile personal training experience and gives employers a tool to run health and fitness programs for their workforce. But when it was accepted in  MVP Academy Class of 2014, Fittter was just an app…

Getting from that point to a business in healthcare technology is a long way to go, and Bogdan Predusca, Dan Nica and Vlad Teodorescu, the Co-Founders of getFittter, learnt it the hard way. They are now ready to spin-off their business from the former company they founded, Renovatio IT Solutions, an outsourcing software company. (see more)

The rise and shine of Romanian independent game development

i love gaming

The game development sector is booming in Central and Eastern Europe and Romania has a quite unique position within the region due to some big international gaming studios like EA, Gameloft, Ubisoft, King, Mobility Games or FUN Labs being present here. Besides this however, the last couple of years witnessed the surge of independent game development studios.

Overall, the game development sector accounts for around 6% of the total Romanian IT market, according to the estimates of the Romanian Game Developers Association (RGDA). The whole Romanian hardware, software and services sector generates around 1 billion euros according to ANIS (The Employers’ Association of the Software and Services Industry) (see more)

Lifebox: From just another photo app to a startup with global potential

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The Lifebox Co-Founders are not your usual geeks. On the contrary, two of them have corporate backgrounds in banking and telecom and one is a graphic artist. All of them are passionate photographers always forgetting to share their photos with their friends. And this is how Lifebox was born.

After receiving lots of reminders (emails, phone calls, the threat that they will sleep on the couch) for forgetting to send the photos to their friends, they started asking themselves if they are the only ones having this problem. Soon enough they realized it wasn’t the case and a potential market was already in place. (see more)