Estonia based Buildit is the first hardware accelerator in the Baltic States and Nordic countries. The program is currently accepting hardware startups worldwide. During the 3 month program teams use their prototyping facilities. Startups are offered free open office space at Tartu Science Park and can test their product with end-users in a Living Lab setting. Teams also get free and discounted services from partners – that includes development tools, design services, legal and accounting services and more. The program offers a €20,000 investment to the startup in exchange for 12% shares of their company. Teams may also go for €15,000 investment in return for 9% or choose €10,000 for 6%. For companies that are not in need of funding BuildIt offers a program with no investment for 3% equity stake in the company
BuildIt has an impressive roster of mentors including Will Schroter of crowdfunding platform Fundable, Scott Miller from Dragon Innovation, Lucas Wang of HWTrek, Konrad Lauten of Indiegogo and Katherine Hague of ShopLocket. Partners include investment crowdfunding platform Seedrs.
Applications will be accepted until December 15, 2014.