Financer: Government of Latvia, ERDF, private entities
Purpose: Mission of Commercialization Reactor (CR) is to bring meaningful startups to the Global market and to provide a feasible opportunity for everyone – scientists, startup founders, investors and industrial corporations. CR is an international platform for science commercialization
Terms for Discovering & Ideating: Start-up Creation Program: 1) Attend an Ignition Event to get started; 2) Create a proto-company with motivated entrepreneurs and innovative scientists; 3) Attend pre-acceleration program; 4) Get access to acceleration and funding.
Terms for Designing & Prototyping: Acceleration Program: 1) 6 month program & up to EUR 50K investment; 2) Modern co-working in the heart of Riga, Latvia; 3) Focus on customer development; 4) Get ready for seed investment; 5) Develop your network of partners and customers globally
Terms for Assessing & Going to Market: Investment structure: 1) Science/engineering-based start-ups; 2) At least one business and one tech developer in the team; 3) Technology demo available (proof it works!); 4) Must be accepted for the Acceleration program; 5) Up to EUR 250K follow on seed funding after acceleration

Tags: Business Public Funding Assessing and Going to market Designing and Prototyping Discovering and Ideating