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ACCELERATING WORLD-CHANGING IDEAS WITH XY ACCELERATORPOWERED BY TEKWILL
August 12, 2020 @ 10:10 am - 5:00 pm
Potential Moldovan entrepreneurs are encouraged to develop their business ideas to progress and even to expand abroad. The TEKWILL project is a reliable partner for entrepreneurs in the country as it continues to support intensive startup programs in Moldova. It provides financial investments, access to an extensive business network, complex expertise in business growth, mentoring, and consulting in various directions for long-term promotion and development. The XY Accelerator is a project created to encourage young people to grow their businesses from scratch and become competitive in large markets and is supported by TEKWILL along with the financial support of its partners, USAID and Sweden.
XY Accelerator – investing in business ideas with development potential
In the current edition of the program five startups were selected in order to help them accelerate. During the program, startups benefited from an office space, trainings, and technical workshops.The intention was for them to obtain all the necessary information and excel, applying practical knowledge such as: market analysis, customer profile identification, business model definition, financial analysis and so on.
The XY Accelerator delivered 1,280 hours of mentoring over four months and the beneficiaries were able to access investments worth about $ 8,000. The TEKWILL project supported the delivery of the mentoring and consulting program under the accelerator, and financial support in cash was provided by local investors. So far, two startups have benefited from funding and full support as their founders were able to change the specifics of their products, adapting them to current market needsin a short period of time.
The first company is Woop.ly, represented by founder, AlexandrBudeac. Woop is a disinfection box with UVC light on the inside used for disinfecting personal items such as a phone, wallet, keys, gloves, masks, etc. The project team is also currently working on the development of a prototype of reusable masks which have an innovative design.
The second company is Teleportravel represented by founder, Stas Balaur and co-founder, Ilia Guțu. Teleportravel is an online guide integrated in Messenger which offers access to tours in the least explored areas of Moldova. It is also a platform where travelers can create their own tours and even sell them. Teleportravel is an alternative that helps enthusiasts and travelers discover new places, less visited by tourists, and at the same time spend less.
Also, within the XY Accelerator program, three other companies will continue to develop their business. These startups include:
• A1, a local marketplace that offers consumers online access to various products. The founder of the platform is Iulian Alexa.
• Sneakers Wash, an innovative shoe cleaner. Recently, the company’s founders Marcel Gușan and AlexandruSecara decided that in addition to providing dry cleaning services, they should also sell footwear.
• Set.Up.Vibe, an offline playlist service, created based on human circadian rhythms. The founders of Set.Up.Vibe are Marina and Andrei Shuleanski.
Startup Moldova “Creative Growth” – we grow ideas that change the world!
The XY Accelerator program is supportedby TEKWILL which is offered within the National Startup Moldova “Creative Growth” Program. It provides a series of actions to support start-up companies that have a solid business model by offering access to education and professional expertise programs, financing, assistance in piloting business ideas, connecting to global markets, and cooperating with similar programs. Within the program several opportunities will be created so they may interact with experts in the field and investors through programs such as Startup Week, Demo Day, Startup Club, and TEKWILL Travelers.
Ana Chirița, TEKWILL project directorstated: “This program is a platform for generating, piloting, and implementing new ideas, both for the local and global market. The program maps all actors involved in this fieldand information technologies are connected to all areas of public and private interest on local and global markets. Startups will provide new employment opportunities and modelsdeveloping young people’s skills and creating new jobs. In this way they will be encouraged to stay at home and use their potential for the further development of the country. Thus, we reaffirm our commitment established with the expansion of the TEKWILL Project – to start the revolution!”
Join a new round of XY Accelerator investments!
Together with the mentors and partners of the XY Accelerator program, it was decided to launch a new round of investments that will take place between September and December 2020. To participate in the next edition,fill in the application form .
The TEKWILL project – The revolution begins!
The TEKWILL project is implemented by the National Association of ICT Companies, with the financial support of the United States Agency for International Development and Sweden. “Tekwill” was created in 2017 as a Center of Excellence of the ICT sector in Moldova, with the main purpose of aligning the field with current market requirements. Aiming to contribute to increasing the competitiveness of the IT industry and other strategic sectors of the economy, the center expanded its fields of activity, becoming in 2019 a complex project at national level, with the slogan “The revolution begins!”
The basic objective of the TEKWILL Project, as a platform dedicated to the progress of the IT sector, is to ensure a major impact on the economic development of the country, by improving the entrepreneurial and educational capacities of society, but also by increasing the research and development potential of educational institutions, in line with the demand in the IT market.