How can you apply?
You can apply by clicking the ‘apply now’ button on this page (from December 03, 2019). It will link you to a questionnaire. Finalizing this questionnaire will mean you have officially applied. In any case, you will receive news from us on the next steps.
Applications open from December 03, 2019
One single application per startup will be admitted. If more than one entry is found from any startup, the first entry made will be taken as the valid one
The selection process
The selection process will be divided into two phases:
Pre-selection of candidates: Applications will be evaluated by the Program Management Team, which will pre-select a maximum of 15 startups. Each application will be assessed from 0 to 100 points using the following criteria:
Team: Presence of business & technological knowledge. Diverse, innovative and with strong entrepreneurial mindset.
Traction: First revenues and /or users-customers’ growth. Aspiration to become a leader in your sector/industry
Potential: Promising and innovative idea that has the potential to disrupt various industries and sectors. Desire to scale and learn.
Selection of finalist startups: The preselected teams will be evaluated by the Evaluation Committee, consisting of two members of Creative Wallonia Engine, three coaches, and members from the main partners of the Reaktor, through ‘pitching’ interviews and group dynamics based on the evaluation criteria defined in this section. In the case of local startups, interviews will be held face to face and, in the case of startups located outside of Belgium via videoconference.
We will select between 6 and 9 startups. The exact number is less important than the qualitative considerations. Our aim is to select great startups for whom our program can make a substantial difference.
Once selected, you will not have to pay a fee for participating at the Reaktor program. You will however bear your own costs and fund all activities of your staff, technology and other resources during the program. Subsidized by FEDER, it should be noted that this program represents a “minimis aid” of 15,600 euros.