Eveline Buchatski, Managing Partner of the Incubator, has informed AIN.UA that EastLabs is absolutely ready to receive application forms from the startups. Those shortlisted projects will be granted investments in the amount of up to $20.000 in exchange for 15% of company shares, an office premises in Kiev downtown, an intensive program of business development and advice of core experts.

A new Startup Incubator is ready to consider projects related to internet-business, mobile technologies and digital media. The first group of projects is starting its work at EastLabs in January and consists of 2-4 teams. Processing of applications from new teams will be held on a regular and ongoing basis.

 “Active work with a project will last for three-four months. During this period we along with the founders are going to form up a detailed plan, to build a business model and the product itself. Then this startup will be supervised by several mentors in charge of facilitating its development. When the incubation period is over there will be no final exams, except one issue established by the rules of our industry; this issue is the product presentation for receiving another round of financial backing. We check all submitted ideas, then we develop the most successful ones and reject those ideas which have fallen short of expectations”, — Eveline Buchatski has shared their working plans with us.

After the project is over, EastLabs will keep on providing their assistance in attracting further rounds of financial backing. Such investments can be expected from either outside investors or Eastlabs Business Incubator itself.

You can submit an application form to EastLabs at an official website of the Incubator http://eastlabs.co

Let us remind you that the first news on the fact that Viktor Pinchuk’s EastOne Group could create such incubator went public last autumn.

Source: http://ain.ua/