What is the duration of the Kilo Incubator Challenge?
The duration of the challenge is 2 months. However, the length of your participation depends on your success and progress in the challenge, as there will be eliminations.
Are there any fees for joining the Kilo Incubator?
No, there are no fees for joining the Kilo Incubator.
Where is the challenge taking place?
Kilo Health headquarters in Vilnius, Aludarių str.
Who can participate in the Kilo Incubator Challenge?
Any highly motivated individual who thrives on innovative ideas, even without prior experience or knowledge.
Will I get paid once I join the Kilo Incubator Challenge?
No, participating in Kilo Incubator doesn’t grant compensation. However, we will provide participants with funds and additional resources to build a product prototype, conduct marketing tests, and hire freelancers. Additionally, winners will receive further investment to continue with their startup idea or be offered a position at Kilo Health.
Will I need to leave my full-time job?
Managing the Kilo Health Incubator Challenge alongside your current position is possible, as you can work in the evenings and even on weekends. Just be sure to plan your time effectively.
Do I need to have a pre-existing startup idea to participate?
No, Kilo Health will provide a direction, an idea, or a niche to work on. But you can always prove us wrong with your own ideas.
What happens after the 2-month challenge is completed?
The winners will get an investment to further develop the product, or a chance to work in Kilo Health. Even if you don't secure a job or investment as a winner, you'll gain a unique experience and knowledge that can prove valuable in developing your future products.
How much investment is Kilo Health planning for the products under development during the challenge?
During the challenge, Kilo Health will invest up to 500.000 EUR in the products being built, providing a significant opportunity for participants to bring their innovative ideas to life.
Will I be working alone?
No. All participants will be merged into groups of 2-3 people.