BoostMeUp – The launching of the startups in the business orbit

Pre-accelerator program “BoostMeUp” organized by IEC Tehnopolis, Science and Technology Park of Montenegro and “Amplitude” sponsored by the Ministry of Science – key support for the development of startups in Montenegro

The BoostMeUp program, created as a unique blend of expertise, networking and innovative platforms, is a unique opportunity for local micro and small businesses and development teams to put their business ideas into the business ecosystem through a series of strategic activities and in collaboration with regional and EU experts.

It is a national platform aimed at increasing the number of innovative companies with a tendency to grow rapidly or start-ups. In this way, the digitalization of the Montenegrin economy is realized through the development of an entrepreneurial-innovative ecosystem and a platform for new tools and skills is created to promote innovative and entrepreneurial potential.

After an initial call to the teams that have an idea / concept or a company formed, and selecting the best ones, a five-month program begins, which aims to provide participants, ie. provide future start-ups with the necessary knowledge and experience to start a business. Besides the national, regional and EU experts with years of knowledge and experience in these areas, the teams will also be provided with financial assistance to help launch a business.

The program will, after selecting teams, carry out all the ideas and start-ups that are selected through seven pre-acceleration modules in five months ie. key areas for developing their idea with top experts. Finally, the Montenegro Pitching contest will be organized within the Western Balkan Start-up Forum in 2020, when the winner of the Program will be selected.

Ultimately, by connecting with investors, business angels from the country and the region, we aim to encourage companies to invest in start-ups and create a modern domestic market for innovation.

The practice so far has shown that a large number of ideas, especially inventive ones, have failed to enter the market precisely because of the lack of advanced thinking when developing and realizing a business idea. The program is specifically focused on the aspect of empowering teams and presenting business ideas to investors. The implementation of this program will make a significant step forward in the implementation of European Union policies that emphasize new models of economic development at a national or regional level, based on targeted support for research and innovation activities.

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