Frequently Asked Questions
Frequently Asked Questions
Each edition of this program is different, as we tend to adapt and improve the acceleration itinerary to offer the best we can to entrepreneurs. To learn more in detail what is done in each edition, the best thing you can do is to consult the rules and requirements of the current edition.
The program is an intensive acceleration for selected ICT projects lasting approximately one year. If you want to participate, you must submit your technology-based business project during the period available for it.
We apply the Lean Startup methodology to successfully achieve the main object of the business block work, which is as simple as the project validates its business model and will consequently be able to achieve certain traction. By the launching and executing of the experiments, the project will confront the market with the most critical hypothesis of its business model. Thus, validating or disproving them on the one hand, or ratifying and pivoting the model, on the other. If you´ve never heard of Lean Startup, don´t worry! Throughout the whole process, you will learn everything you need to carry this out.
Minerva is looking for innovative and technology-based projects. Our focus is on projects that offer a solution to an existing problem or propose different way of doing something. They need to be clearly business-oriented and should have or develop at least, a pre-commercial functional version of the solution they have in mind within the duration of the program itself (approximately one year). The business project can be either in an earlier or more advanced stage, it is not a fundamental requirement that the project should be already underway.
Minerva is a program designed to cover Andalusian projects from any province. The 2021 edition is being developed 100% online. The work can be easily carried out remotely without any problems and with every facility. In case there is a special need to travel at some point during the acceleration, projects coming from a different region have a transport voucher system, in other words, a financial aid to meet the travel expenses.
We encourage to form an adequate and committed team, as this is precisely an aspect that is going to be evaluated during the selection process. You should keep in mind the fact that Minerva requires a considerable pace of work, so it may be difficult for a single person.
The main objective of this program is for you to validate and consolidate the model of your business project. Although we can guide you in some technical aspects, the promoted team is expected to have the necessary knowledge to develop the product you sell or the service you offer. Minerva also has resources that can help you advance like hiring human resources or services.
It is not mandatory to be a consolidated company to participate in Minerva. If the company is established during the acceleration program, its main center of activity must be the region of Andalusia.
The answer to this question is yes, of course, as long as you have your head office located in Andalusia and your main area of work is also in this region.
Participations in other acceleration programs will be studied and evaluated in the selective process, but it is not exclusive at first sight.
We look forward dedication, effort and commitment. The program is cost-free and we rigorously measure the performance during the acceleration. We expect an optimal use of all the resources that are freed up for the participants.
All the work developed at Minerva belongs in 100% to the promoter team. The program does not enter into the capital of the accelerated companies nor does it acquire any rights over what is produced before, during or after the acceleration. Our best reward is that you develop your solution, validate the market and get to sell the product.
Yes, they are included in the terms and conditions of the current call for applications.
Indeed, once the acceleration process is over, your project automatically becomes part of the Minerva Forum, where you will continue to receive support and advice form our team. You will never stop counting on our support! You will find help in the area of communication and diffusion, and many activities will be planned to facilitate networking and the search for investors. The Minerva team will always be available for whatever you may need.