aws First Incubator

With aws First Incubator, we support young, innovative people on their way to having their first very own company – with a dash of entrepreneurial spirit, with guidance and resources, and with professional coaching and financial support, and with the aws first community and a network of experts.

Industries

All – except for

  • Fishing industryand aquaculture, primary production of agricultural products
  • Banking and other financial sectors
  • Insurance and real estate
  • Regional and local authorities
  • Legal persons in which regional and local authorities directly or indirectly have more than a 50% interest

Company size

Teams with 2–4 people

Development phase

Pre-foundation phase: from business idea to business model

Requirements

  • I
  • You are innovative university students, school graduates with an entrepreneurial spirit.
  • All team members are between the age of 18 and 30.
  • You have a first idea that can be developed into a business model.
  • You meet the requirements of the guideline.

Success rate

30–35 %

Type of support

  • Coaching and mentoring by experienced experts
    and founders
  • Scholarships of up to 19,200 euros per team
  • Project budget: up to 20,000 euros
  • Workshops on matters that are relevant to start-ups
  • Classes for further developing the idea
  • Coworking space
  • Network: aws First Community, events, excursions

Funding amount

  • Project budget of up to 20,000 euros
  • Scholarships of up to 19,200 euros per team

Eligible costs

  • Living expenses
  • Material costs
  • Third-party costs
  • Travel expenses

Project duration

1 year

Disbursement

  • Scholarships: monthly
  • Project budget: in 2–3 tranches upon reaching predefined milestones

Repayment

Nonrepayable

Costs

None

Additional funding

Within the framework of the AGVO and the de minimis ceiling, you can combine the following subsidies with aws First:

  • aws Innovations with creative economic input
  • aws PreSeed
  • aws Seedfinancing

 

  • Already founded companies
  • Projects without any product or process innovation
  • Personnel costs

Deadlines and dates

July 1st – September 14th, 2020

Application, selection and approval

  1. First, you apply online with
    • an application video,
    • an application form and
    • a description of your idea.
  2. From the submitted projects, we will select the most promising ones.
  3. Then you will take part in the aws First Start-up Camp,
  4. where we will select the most promising teams/ideas.
  5. We will invite the best teams to the Start-up Lab, where you can refine your business model with our assistance.

We will inform you in writing as soon as possible.

Duration of the approval process

3 months after the application deadline

Your contact

Elena Maria Tröscher, BA
Elena Maria Tröscher, BA
Kreativwirtschaft | Entrepreneurship