Austin2
Sputnik logo updated

Sputnik ATX Winter 2018

Jan 15 - Apr 20 | Austin, TX, US

http://sputnikatx.com
We want to be your launch partner

About this Program

Sputnik-1 was the first thing man put into space, orbiting the earth. It changed everything. Like Sputnik, we look for exceptional makers who are ready to blast off, and change everything. We connect makers with capital and experience so that they can take their companies to the next level.

Our program provides start-up training, mentoring, and support to successful applicants. You will also get office space in our awesome location in downtown Austin for up to 4 team members (you can cram in more if needed, but you'll get room for four). Upon completion of the three month program, held in Austin, TX, applicants will pitch to a group of VCs, and have opportunities for follow on funding.

If selected, you will be required to reside in Austin, TX for the duration of the program.

If selected, you will receive a $100,000 investment via our SAFE note that converts at a 30% discount on your next material raise, with a $4.5mm cap. The SAFE note negates any need to haggle over your valuation. We prefer to just get to work. Please look at the sample note on our website for full terms and conditions.

We are open to most industries and verticals, excluding weapons, alcohol, recreational drugs, porn/adult, real estate, multi-level marketing, franchises, and restaurants.

Funding Information

  • Funds up to $100k per team

Industries

Aerospace, Agriculture, Biotechnology, Business Products, Business Services + 35 more