WHAT IS TRACTION CAMP
TRACTION Camp launched in 2015 as a USAID-backed project to support the business development operations of early-stage, scalable technology startups from Albania, Armenia, Azerbaijan, Belarus, Bosnia&Herzegovina, Georgia, Kosovo, Macedonia, Moldova, Serbia, and Ukraine.
After three TRACTION Camp events in 2015, in which 78 founders of regional startups took part, more than 50% of our participants have hired new team members, and more than 40% have raised (additional) funding for their companies.
In 2016, we're taking TRACTION Camp to a new level. We will be taking two batches of 15 founders on accelerator-roadshows to the US and Western Europe. Check out the program for our first batches in April and May, targeted at AgTech companies, and apply below.
AGTECH TOURS 2016: THE PROGRAM
One week of active learning, networking, and connecting with top global industry players in the AgTech sector
Mentorship, company visits, meeting investors
Silicon Valley, Drone Valley (North Dakota), Austin and/or Chicago (TBC)
April 4 ARRIVAL SILICON VALLEY
April 5 Mentorship Day
April 6 Company visits
April 7 Agriculture Innovation Lab visit
April 8 Meeting investors/executives and pitch feedback
April 9 Day off and sightseeing
April 10 TRAVEL Day to Midwest
April 11 Company visits
April 12 Drone Polygon visit
April 13 Mentorship Day
April 14 Meeting investors/executives and pitch feedback
April 15 DEPARTURE
Connecting with top European AgTech players
London and Scandinavia/Baltics (TBC)
May 10 ARRIVAL LONDON
May 11 Mentorship Day
May 12 Company and investor visits
May 13 Tech City UK and ecosystem visits
May 14 Day off and sightseeing
May 15 TRAVEL Day
May 16 Mentorship Day
May 17 Company and investor visits
May 18 DEPARTURE
1. AgTech affilitation
IT software or hardware for the agriculture or food industry
Participating founders must represent a startup (project) company, not older than 2 years, building a technological (software or hardware) product in the field of, or applicable to, agriculture technology.
2. Company location
One of the following countries:
Albania, Armenia, Azerbaijan, Belarus, Bosnia & Herzegovina, Georgia, Kosovo, Macedonia, Moldova, Serbia, or Ukraine.
3. Post-product and revenue
Live billable products only
Participating founders' companies must have released a public version of their product, and must have validated the revenue model at minimum.
4. Covering part of travel costs
You pay your flights, TRACTION Camp takes care of the rest
TRACTION Camp will cover all of the 15 selected participants' costs, excluding flights to/from the US (April tour) or to/from London (May tour). Selected participants are expected to book these flights at own expense.
Meet some of the mentors we work with at TRACTION Camp
San Francisco, USA
Cross Border Angels
Amazon Web Services
Pratt Law International
Los Angeles, USA
Startup Wise Guys
San Francisco, USA
Tel Aviv, Israel
San Francisco, USA
A selection of the companies and organizations participants will interact with during TRACTION AgTech tours in April and May 2016:
Why should I participate?
Frequent questions about TRACTION Camp AgTech answered
What is the purpose of TRACTION Camp AgTech?
TRACTION Camp is a project aimed at assisting the business development of mature, early-stage startups from a number of Eastern European countries where USAID is active. Our aim is not to get companies the funding or clients they need, but to give them an opportunity to learn how such results are achieved in developed markets, as well as providing them with the best possible professional network in their field.
How are participants selected?
The TRACTION Camp AgTech tours will consist of two groups of 15 founders, each representing one startup company. Each applicant applies to either the USA tour or the Europe tour, or both, with motivation. Upon the closing of the application period on March 1, 2016, we will select the best candidates for participation, based on perceived readiness and benefit related to the program offered.
Who will I be meeting during the tour?
During the TRACTION Camp tours, we organize mentorship by founders and operators of leading industry companies. For the AgTech tours, we'll be connecting the participants with founders, operators, and investors of prominent AgTech companies, as well as with important entrepreneurship ecosystem players. The goal is for the participants to understand the operations and context of business development in mature markets.
How can I best prepare for TRACTION Camp?
TRACTION Camp is best compared to a concentrated, real-time, live acceleration program. The mentorship meetings on the spot, and the pitching to operators and investors of successful industry players immerses participants in the actual way products are built and business-developed by tech leaders. Applicants/participants are encouraged to have a clear view of their business plan, marketing strategy, distribution channels, and be ready to pitch their product.
I need a visa for the USA, UK, or another country. How do I get it?
TRACTION Camp will assist selected participants with visa invitations, where applicable, upon selection confirmation for AgTech tours. Applications close March 1, selected participants will be informed by March 10, and will receive visa support upon request. The cost of visa issuance is at the expense of participants.
How much will participation cost me?
TRACTION Camp will cover the entire program, lodging, internal transport/transit, and some of the meals during the tours. The return flight to/from the furthest destination has to be covered by participants themselves. For the USA tour, this will be aprox. EUR 700-1000, for the Europe tour approx. EUR 500.
What should I expect as the result/ROI of taking part in TRACTION Camp?
Regardless on which TRACTION Camp tour you end up taking part in, we advise participants not to expect sales contracts or investment offers to come as a direct result of participation. It might happen occasionally, but in reality, business deals take a longer period to forge. Ideally, TRACTION Camp participation will be the first step for participants in getting to know counterparts and partners (including prospective clients and investors) in new markets, understanding how business works and which elements of their strategy and operations need to be reviewed, improved, or updated.
My company is not in AgTech. Can I join?
The upcoming April and May TRACTION Camp tours are intended exclusively for founders of AgTech companies. In September and October, TRACTION Camp will be back with a new, "TRACTION Camp In Orbit" program, targeted at a general audience of post-product, revenue-validated seed-stage startups. If you are interested in taking part in TRACTION Camp in Orbit in September and October, please keep an eye on this website. We will start accepting applications for these tours on June 1, 2016.