modum.io wins at Kickstart Accelerator

With only a month since our first win at the ETH Entrepreneur Club awards, our team decided to apply for Kickstart Accelerator in October 2016.

modum.io CEO Malik El Bay presenting at Kickstart Accelerator 2016.

Kickstart Accelerator is an initiative by digitalswitzerland, a cross industry association, which aims at making Switzerland a leading digital innovation hub in Europe. Kickstart Accelerator is operated by Impact Hub Zurich, which is part of the largest network of entrepreneurship and innovation centers across the globe. The program brings 30 of the most promising international start-ups and intrapreneurial teams to Zurich for 11 weeks, where they are provided with co-working space and given access to corporate partners, mentors, and experts.

Kickstart Accelerator selects about 10% of the 800 applicants to sit for a qualifying interview. After modum.io was invited to interview, the entire team nervously gathered at UZH campus to prepare the 30 minute pitch to the panel. In eager anticipation, the team waited for two weeks to be notified of the results. On June 1, 2016 modum.io was notified that it had been chosen as one of the 30 companies to participate in the 2016 program! modum.io bagan its official participation starting at the end of August 2016 at EWZ Selnau.

After completing the 11 week Kickstart Accelerator program, modum.io has been announced as the winner of the Future and Emerging Technology vertical. Runners up include the exciting companies: Entocube and Biowatch. The other verticals are in the areas of FinTech, Food, and Smart and Connected Machines.

The winning teams of Kickstart Accelerator 2016 for each vertical: Fintech, Food, Future & Emerging Technologies, and Smart & Connected Machines.

Overall, participating in the Kickstart Accelerator was an invaluable experience. Our team was able to present modum.io at events on a weekly basis. Working together with our mentor Cristina Riesen helped us to develop our business and product and grow collectively. Cristina pushed us to utilize all of the resources provided, so our team met with at least two mentors or industry experts every week.

EWZ Selnau had an incredible atmosphere with 30 international start-ups working hard to meet their business goals and make a global impact. While we worked closely with the other teams in our Future and Emerging Technologies Vertical, we were also able to meet many interesting and inspiring entrepreneurs working in other arenas.

We continue to extend our gratitude to the Kickstart team for their support: providing community dinners and feedback sessions; introducing us to corporate ventures in our industry; taking us on fun excursions during stressful periods and regularly offering us chocolate.

Needless to say, this is a valuable win for modum.io, validating the quality of our business plan and enabling our team access exceptional resources through the program on an ongoing basis. The opportunity to simply participate was worth the incredible effort that our team put into this endeavor. We highly recommend the Kickstart Accelerator program to any entrepreneurs building the next big thing!

After completing Kickstart Accelerator modum.io has also qualified to the second stage of Venture Kick. modum.io will receive another CHF 20,000 for business development and is now being evaluated in the 3rd round, where the founders will invest CHF 100,000 to successful start-ups.

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