07 MORE LATER STAGE STARTUPS ARE APPLYING OVER 90% OF STARTUP APPLICANTS HAVE PROTOTYPES In 2015, we received around 3,000 total application to our programs and events. In 2016, that number nearly doubled. Even accounting for the addition of new programs, this marks a more than 50% increase in the amount of applications per program spot in our programs. Over 95% of teams have more than one team member, and the average funding raised prior to applying is now over €100,000. So how can a startup increase their chances of getting into one of our programs? One of the most important criteria we look at is the founding team. A solid founding team with past industry experience, technical expertise, and the ability to make well-reasoned decisions is of the utmost importance to any investor. We generally like to see both extensive technical and industry-specific expertise on the founding teams for our vertical- focused accelerators. However, being a solo founder, having a small engineering team, or being pre-revenue by no means eliminates your possibility of joining one of our programs. Past successes as a founder, a wealth of industry experience, a strong supporting team, or significant market or technical traction can significantly increase your chances of being accepted into one of our programs. 2016 PROGRAM TEAM AVERAGE STATS €8,200 €7,000 €169,600 Monthly Burn Rate Monthly Revenue Funding Raised 4.91 2.86 2.73 Employees Engineers Founders