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A leading accelerator focused on supporting hardware and IoT startup innovations.
Buildit is a prominent accelerator that dedicates its efforts to propelling hardware and IoT startups towards excellence, principally operating out of Latvia. The initiative, which has been active for over a decade, differentiates itself as the first Nordic accelerator focused predominantly on hardware. Its mission centers on transforming novel ideas in the hardware and IoT domains into viable, market-ready solutions. Through its extensive program, Buildit offers a suite of development services that includes a rigorous four-month curriculum specifically tailored to address the distinct needs of emerging hardware platforms. The program stands out for its provision of intensive, personalized mentorship from globally recognized industry leaders and access to a resource-rich network essential for startup scaling. In keeping with its mission of pioneering in the tech ecosystem, Buildit actively supports startups that are developing innovative solutions such as autonomous robotic kitchens, novel green hydrogen production systems, and cutting-edge biotechnology advances. Notably, the initiative does not currently emphasize Web3 technologies directly, however, its underpinning support for...
Buildit is a prominent accelerator that dedicates its efforts to propelling hardware and IoT startups towards excellence, principally operating out of Latvia. The initiative, which has been active for over a decade, differentiates itself as the first Nordic accelerator focused predominantly on hardware. Its mission centers on transforming novel ideas in the hardware and IoT domains into viable, market-ready solutions. Through its extensive program, Buildit offers a suite of development services that includes a rigorous four-month curriculum specifically tailored to address the distinct needs of emerging hardware platforms. The program stands out for its provision of intensive, personalized mentorship from globally recognized industry leaders and access to a resource-rich network essential for startup scaling. In keeping with its mission of pioneering in the tech ecosystem, Buildit actively supports startups that are developing innovative solutions such as autonomous robotic kitchens, novel green hydrogen production systems, and cutting-edge biotechnology advances. Notably, the initiative does not currently emphasize Web3 technologies directly, however, its underpinning support for the IoT infrastructure may offer symbiotic potential with decentralized technology paradigms in the future. Buildit's ability to secure significant financial backing, as evidenced by its recent announcement of a 20 million EUR fund intended for deployment in 2025, underscores its commitment to impacting the tech industry sustainably. Its ecosystem is further enriched by pre-seed and conceivable seed funding opportunities to program participants, reflecting a robust engagement in fostering technological growth. Buildit remains poised as an influential actor within the realm of hardware and IoT innovations, charting a definitive course that bolsters the larger tech ecosystem through its strategic mentoring and investment framework.
Buildit is an accelerator program dedicated to hardware and IoT startups in the Baltic States and Nordic countries. It is the first of its kind in these regions, specializing in the development of physical devices that combine hardware and software. The program provides intensive mentoring and product and business development support over a 3-month period.
Buildit offers a two-tier investment opportunity. Initially, startups can receive up to 50,000 EUR in pre-seed investment during the 3-month accelerator program. Upon completion, startups may participate in an individual follow-on program, with the potential to secure up to 250,000 EUR in seed investment for further development.
Participants in the Buildit program gain access to a range of free and discounted services. These include essential resources like server space, software licenses, development tools, and design services. Additionally, startups benefit from testing facilities, marketing services, and professional support in legal, accounting, and banking, as well as intern provision.
Buildit accelerates the growth of hardware and IoT startups by providing a 3-month program focused on product and business development. This includes intensive mentorship from industry experts, fostering the innovation and growth necessary for creating successful global hardware and software solutions.
Buildit stands out as the first accelerator in the Baltic and Nordic regions dedicated to the hardware and IoT sector. It offers region-specific expertise, a unique focus on physical devices, a comprehensive support system with significant seed funding potential, and access to an extensive network of industry resources and mentors.
Buildit addresses common startup challenges by offering hands-on mentorship and a diverse range of key resources such as testing facilities and software tools. Regular collaboration with industry experts ensures startups can effectively troubleshoot and overcome technical, business, and operational hurdles during their accelerator journey.
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