Global business development for European tech startups

Who we are

iCatapult is a unique accelerator and business development company, focusing on taking European technologies to the global market. We believe that many non-US startups have the potential of going global from day one, they just need the boost to avoid cultural, language, financial barriers and the lack of a cohesive network.

We strongly believe that talent on this planet is distributed evenly whereas opportunity is not. Backed by our founders, a great network of mentors and an awesome team, we help European tech startups expand their businesses to a global scale by exposing them to startup ecosystem cultures like that of Silicon Valley and New York.

iCatapult was founded by Primus Capital and Digital Natives in 2012.

Who we look for

We are looking for early stage startups with a strong technical background. Our focus is on global web and mobile technologies that have achieved some form of validation — preferably by a working prototype and traction. The founders have to be open-minded and willing to pivot according to new discoveries from the US market.

In the current startup renaissance, the biggest reason why so many startups fail is that they are building a product that no one will use. We look for teams who treat their idea and their business model as a set of hypotheses that need to be rigorously tested and validated. This is one of the main reasons why we advocate European startups going to the US at a very early stage, because in most cases this validation can only happen where the true early adopters are.

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Team

Management

Advisory Board

Board of Directors

Imre Hild

Imre Hild

CEO

linkedin.com/in/hildimre

Zsuzsanna Takács

Zsuzsanna Takács

COO

linkedin.com/in/takacszsuzsa

Szabolcs Farkas

Szabolcs Farkas

CTO

linkedin.com/in/mrszabolcsfarkas

Adam Somlai-Fischer

Adam Somlai-Fischer

Co-Founder, Prezi

linkedin.com/in/somlaifischer

Andras Forgacs

Andras Forgacs

CEO, Modern Meadow

linkedin.com/in/atforgacs

Brian Frumberg

Brian Frumberg

Founder, VentureOutNY

linkedin.com/in/brianfrumberg

David  S. Rose

David S. Rose

CEO, Gust

linkedin.com/in/davidsrose

Marton Anka

Marton Anka

CTO, LogMeIn

Brad Farkas

Brad Farkas

General Partner, iHatch Ventures

linkedin.com/in/bradfarkas

Zoltán Bruckner

Zoltán Bruckner

 

linkedin.com/in/zoltanbruckner

Imre  Hild

Imre Hild

CEO

linkedin.com/in/hildimre

Kristóf Bárdos

Kristóf Bárdos

 

linkedin.com/in/kristofbardos

István Alpek

István Alpek

 

linkedin.com/in/istvanalpek

András Szombati

András Szombati

 

linkedin.com/in/andrasszombati

Program

Stage One: Global Startup Training Program

In the first stage of the iCatapult program, each selected team goes through an extensive bootcamp in preparation for relocating to the US. This stage is based on an active dialog with local and international mentors, who provide ongoing industry feedback and product-market fit input.

Culturing to become a global player

We believe that preparing the teams culturally before relocating them is crucial. That is why we put a strong emphasis on developing our teams’ soft skills, such as pitching and networking.

We clear the air on common misconceptions that non-US startups usually have. We make sure that each of our founders are familiar with powerful principles like the Lean Startup Methodology and that they are speaking the same entrepreneurial language that they will encounter in the US. To succeed in the world of global business, they must adopt the global startup mindset.

Preparing for soft landing

Founders are required to do extensive preparatory work prior to leaving for the US, including contacting potential partners, investors and players of the ecosystem even before their plane takes off.

In order to find their place in their respective domains, teams are also required to develop their digital footprint which will boost their presence and visibility.

Throughout the bootcamp, the teams will receive one-on-one mentoring from a number of international industry experts on mapping market entry opportunities and formulating global business development tactics.

We are organizing this program with CEU Business School.

CEU Business School logo

Stage Two: Soft landing

After the successful completion of the bootcamp the selected teams will move to Silicon Valley or NYC for about 3 months to execute the market access and business development plan in cooperation with iCatapult executives, mentors and partners.

The teams will live in a shared house, with like-minded non-US founders who have the same vision about scaling their businesses to a global level. They will receive ongoing industry feedback from US experts about their product and market opportunities.

This stage lasts for only 3 months, however iCatapult plans to be involved for up to 18 months depending on the needs of each company.

iCatapult arranges funds for up to 200K € on a case by case basis. It is important to emphasize that iCatapult is not an investment company and it does not make traditional financial investments. Although it takes equity positions in each accelerated company up to 19%, all the provided financial resources are meant to be spent to reach the global business development and market access goal of the company.

Contact

iCatapult

DBA: HU-1016 Budapest, Krisztina körút 99., 4th floor, office 19-20.

Seat: HU-6726 Szeged, Jankovich út 14.

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