I have an idea but I do not have nor the company neither the team. Can I still sign up?
Sure, individuals and / or teams with ideas at the early stage of development can sign up for the competition. When completing the registration form, it is necessary to answer the basic questions about the innovation, its benefits and its comparison to existing competitors (in other words, have an overview of what already exists in the world). The idea should have the potential to develop into the form of a service or product in the future.
I already have a company, can I still sign up for a competition as a startup?
Can I sing-up for the competition even when I am no longer a student?
Yes, the competition is open to the general public, not just to students. We have no age limit set. If individuals are not eligible for legal acts (under 18 years of age), their legal representatives (for example, when entering into a contract) are acting for them.
How will my idea be protected (IP protection) when my application is submitted?
Given that we often received this question, we have decided to ask for an expert opinion. Learn more in this interview (the interview is only available in Slovak language for the moment).
What is the procedure? What’s next ?
The competition for innovative ideas is opened twice a year. For detailed information, please visit “How to Get Involved” section, where you can also find the online registration form. After evaluating the registered projects by the expert committee, the selected teams are invited to a final presentation, which is held with the participation of a jury which consist of public and private sector representatives. The teams are informed about the venue and the proceedings within two weeks of the closing of the competition.
What can I get?
Startup Center TUKE offers a bootable startup to get:
- free spaces in Startup Center TUKE,
- the possibility of using the necessary capacity of unique professional laboratories, laboratories and other facilities TUKE,
- help with creating a business plan, acquiring partners, searching for potential investors and other benefits (such as media support),
- expert and mentor support.
How much does it cost?
Registration for the competition as well as the acceleration programme for selected startups in the Startup center TUKE during the 6-month period are free of charge. Individuals from the winning teams will sign a contract. The purpose of the contract is to determine the conditions for activities in the Startup center TUKE and to establish the terms of cooperation. Startup teams are not required to share any equity.
What follows after 6 months of acceleration programme in the Startup centre TUKE?
Startups may, on the basis of a commission recommendation:
- extend their stay at the Startup center TUKE for additional 6 months,
- terminate their work in the center,
- transfer to TUKE Incubator (only applicable for startups already established as legal entities).
What is the difference between Startup centre TUKE and Incubator TUKE?
The Startup center TUKE focuses primarily on the development of innovative ideas and support of development of startups in the so called pre-incubation (or preparation) phase. Individuals and teams without legal entity are eligible to become members of the Startup centre TUKE. The TUKE Incubator is the space for developed of innovative companies with legal entity (individuals and teams without legal entity can not become members).
Is it possible to raise capital at the Startup center TUKE, if so, in what form?
The Startup center TUKE does not offer any financial support to startups. Startup support only takes the form of in-kind support (for more information, see the Q/A above “What can I get?”).
What makes the Startup centre TUKE different from the competition?
We are part of the startup ecosystem of the Košice region’s, where several entities support startups in different forms. Based on our best knowledge, support of each of them is focused on a different stage of development in different forms, therefore there is no direct competition. Startup center TUKE is perceived as one of the possible ways of developing startups. TUKE provides a comprehensive concept of acceleration and startup support, consisting of the Startup center TUKE and the TUKE Incubator. Our advantage is the backing of the Technical University in Košice and the capacities that the university can provide.
Is Startup centre TUKE an organisation or company?
No, it is not. Startup center TUKE is a project of the University Center for Innovation, Technology Transfer and Intellectual Property Protection (UCITT), within the TUKE organizational structure it is a part of the Rector’s office. The contact point is the UCITT office in the main building of the Technical university (Letná 9 Street, entrance at the Aula Maxima).