24Ventures deeply rooted in the local startup ecosystem

The operating model of a VC fund is quite simple and boils down to the 4S framework (source, select, support, sell) — of course, the devil is in the details. 

When creating the 24Ventures fund, we had this model in mind from the very beginning. As a result, we established partnerships with various accelerators even before starting our investment activities.

Three of these accelerators deserve special recognition for their professionalism and commitment to the projects they support (in alphabetical order):

• Concordia Design Accelerator 

• Startup Booster for Social Impact

• Startup Hub Poland Booster

The collaboration with them gives us access to several hundred pre-evaluated investment projects (source). Companies participating in the acceleration programs receive up to EUR 100k in non-equity funding, and over a six-month period we are able to observe their progress. This significantly facilitates the evaluation process (select).

The accelerators mentioned above offer startups not only access to acceleration funding, but also act as hubs connecting multiple investors and potential enterprise clients. The exchange of ideas in such an environment makes startup assessment easier and, after investment, also provides them with access to a broad network (support).

If you believe your startup is at too early a stage to receive VC funding, or if combining VC investment with accelerator support seems like a sensible option, please write to [email protected]  or contact one of the three accelerators we collaborate with.