Is STEP an incubator or an accelerator?
STEP is both an incubator and an accelerator. It welcomes teams or entrepreneurs who have an idea to be transformed into a company. In a more advanced phase, STEP takes care of implementing the business plan up to the launch of the products and services on the market and achieving the first sales.
How do I submit a business idea to STEP?
You can submit your idea during the call4startup periods according to their regulations. During the time frames not covered by the calls, you can send a spontaneous application on our website at the startup page.
When will I receive feedback on my application?
If your application falls under a call4startup, then the call rules will be applied. Alternatively, if your call is spontaneous, you will receive an initial reply within 5 working days. In order to assess eligibility, a fact-finding meeting will be necessary, at our office or via video call, to analyse the details of your proposal. Depending on the complexity of the project, you will receive a final answer within 30 days.
Do I need to have already set up the company in order to send my application?
No, you don’t. One of the services we offer you is the possibility to access the legal advice service that will help you in dealing with the paperwork to set up your company.
What are the evaluation criteria?
The projects will be evaluated according to the following criteria: ability of the project to reduce greenhouse gas emissions; team strength and completeness; level of innovation and uniqueness of the proposal; technical feasibility and economic sustainability; scalability and replicability of the solution.
Do I have to have a Minimum Viable Product before I can apply?
Ideally, yes. This “prototype” should include the minimum essential characteristics of what the final product will be and is useful for immediately gathering feedback from potential customers, thereby successfully allowing us to gradually create a proven and saleable product. An MVP does not necessarily have to fully solve the problem it has set out to solve, but it is fundamental for us in order to test your initial intuition and understand how to improve it, one step at a time.
Does STEP concretely work with you for carrying out the project?
Yes. In addition to business support services and management consultancy, STEP helps you in the actual development of your projects as in a single team.
How long does the incubation + acceleration journey proposed by STEP take?
The incubation + acceleration program is designed to last 6 months. In any case, our goal is to successfully bring you to the market, and we will not stop until we reach this goal together.
How much does the incubation + acceleration journey proposed by STEP cost?
The journey we offer does not require advance payment of any cost. We ask for a percentage of the revenue that will be achieved during the first few years, thanks to our work. This percentage will be agreed when the start-up joins STEP, at the end of the analysis of the real needs to industrialise the product and the actions to be implemented to break into the market.