Another corporate accelerator: ProSiebensat.1 is looking for founders

23 Jan, 2013

After a venture arm (SevenVentures), ProSiebenSat.1 is now starting a corporate accelerator. It says it’s looking for founders with ideas in e-commerce or entertainment.

ProSiebenSat will offer the startups office space for six months, mentoring by industry veterans and 25 000 in funding. And of course, plenty of industry networking and a demo day at the end.

In return, ProSiebenSat will take a 5 percent stake in equity proceeds or exit participation. (This is also one of the structures they use for SevenVentures).

Mikko Jarvenpaa, former HackFwd team member and author of a book on accelerators, predicted that corporate accelerators would pop up everywhere in the world in 2013. He seems right on track with his prediction.

Photo: prosiebensat.1 logo

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Raf Weverbergh

Editor of whiteboard. Raf Weverbergh was a magazine journalist whose work appeared in magazines like Rolling Stone, Playboy, Mail on Sunday, Publico and South China Morning Post. He is the co-founder of FINN, a corporate communications agency where he advises startups and multinationals on their PR and Mustr, the easiest media database for PR professionals. You can contact him on Twitter, Linkedin or Skype (rafweverbergh).