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Berlin Startup Academy and hub:raum team up to offer startups €5000

Christoph Raethke

Christoph Raethke

The Berlin Startup Academy is teaming up with Deutsche Telekom's new incubator hub:raum to offer two startups €5000 cash, sans strings – though they will need to be part of the BSA programme and spend the cash on their new company.

Bringing corporate Germany and startups together is a central premise of the BSA, founded by Christoph Raethke (a regular VentureVillage contributor – pictured above), and one of the latest additions to Berlin's growing crop of startup accelerator programmes and incubators. It's a five-month course split into 16 sessions – including course work, coaching and mentoring with topics covered including business plan, legal setup, sales and "VC rules".

Founders will need to either bring or incorporate a company during the programme. Entry for founders is €1000 plus four per cent equity, though there are opportunities to get €2000 back at the end to re-invest, plus the opportunity just announced courtesy of hub:raum.

As well as the €5000, the two top-performing participants will get a spot in hub:raum's co-working space and – as BSA puts it – the "implicit invitation to pitch for 150k in seed money later".

Founders could just apply for the hub:raum programme straight up, but the partnership is a good sign the "walled gardens" between corporate and startup Germany, and different accelerator and incubator programmes, are starting to break down.

Hub:raum is also partnering with General Assembly and Berlin co-working space betahaus on its own pre-incubation programme.


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