Regional Accelerators and Incubators

Below is a list of some of the business accelerators and incubators in the Czech Republic and in nearby countries (or else ones that actively target Czech startups). This is a work in progress, so please help me keep the list current and accurate by sending me feedback or leaving comments!
The terms accelerator and incubator are sometimes used interchangeably and sometimes used differently from how I would use them, so take these classifications with a bit of skepticism. This overlap in usage and similarity in experience has me grouping the two together for this blog post.
For me here are the basic similarities and differences:

Similarities

Both accelerators and incubators provide shared work space and mentorship to startup businesses for a limited period of time (usually 3-6 months) to help startup businesses success. Both also tend to do this on a competitive basis, providing the space and support for free to the selected winners who are deemed to have the most potential.

Differences

Incubators

Incubators tend to be non-profit entities set up by regional governments, academic institutions, or other non-profit organizations with a mission to help support the startup environment. They generally have some kind of institutional support that allows them to provide the free work space and the mentorship. As such, incubators are not as firmly tied to either the limited time period or the competitive nature of acceptance. Some of them have relatively open acceptance based on university affiliation or some other general requirements, and many will not put strict limits on how long a startup can stay. Although they do not as a rule provide capital to the startups, some do, though usually without strings attached or any ownership stake in the company being incubated. Though acceptance may be in batches on a calendar schedule, it is often on a rolling basis as well.

Accelerators

Accelerators, on the other hand, tend to be for-profit entities. They provide free work space and mentorship AND INVESTMENT in exchange for a percentage of ownership in the company. For accelerators, the competitive nature of entry and the limited time period are essential features of the program. They are gambling on getting that next great startup that will compensate for the loss on most companies they accelerate. The investments tend to be small (5-25,000 USD) as does the percentage of ownereship (5-10%). Acceptance for accelerators tends to be on a set schedule, where all of the companies being accelerated will start and finish together, as would a class of students in the same cohort. Often accelerators will have stages with benchmarks, where additional help and funding will be possible as long as these benchmarks are met.
But again, this is my usage based on what I take to be the norms. I may not have it exactly right, and certainly many of the players in these industries mix the concepts as they see fit.
The list is organized geographically relative to Prague, since that’s where Locus Workspace and our members are located.

Prague

Czech Republic outside Prague

  • Help me add to this list!

CEE Region outside the Czech Republic

  • Urban Quest (added 2018.03.29), Warsaw, Poland. PropTech accelerator (Property / real-estate / space technology), sponsored by Skanska, Microsoft, and business__link.
  • hub:raum Krakow, Poland (also locations in Berlin & Tel Aviv). Has both an accelerator and an incubator program.
  • RubixLab Bratislava, Slovakia
  • CEE LiftOff Budapest, Hungary (website not working properly, may be ending)
  • PwC CEE Startup Collider Warsaw, Poland. FinTech focus. Seeking participants from all over the Central & Eastern Europe countries.

Crowdfunding Portals on the Czech Market

Below are a few crowdfunding portals on the Czech market. I’d like to keep the list current and have some details about each, so let me know if you know of any others or have any comments about the ones in the list. Specifically it would be nice to know their pros and cons and whether they have any particular industry focus.

  • Hithit (Czech, Slovak, English; as of 3 Oct 2015 seems to be the largest and best known)
  • startovač (Czech only)
  • kreativcisobě.cz (Czech only)
  • nakopni mě (Czech only)
  • Everfund (Czech-language only; as of 3 Oct 2015, new on the market)
  • Fundlift (still not launched as of 3 Oct 2015; claims to be first EQUITY crowdfunding platform on the Czech market)

No longer operating:

  • Fondomat.cz (no longer operating; may have been the first on the Czech market)

Locus accepts Bitcoin and its own new local currency, the Locus Laugh (LOL)

As befits a coworking space, a business with strong associations to social enterprise, community building, crowdsourcing, and other contemporary social ideals, Locus has long been into the idea of local and other non-governmental currencies. At the same time, we’ve also been cautious and slow about embracing them with anything beyond the non-commital “That’s cool!” approval. This is mainly because those of us involved in running the space just don’t know enough about it to feel anything but irresponsible doing more, but also because–truth be told–there’s hasn’t been enough time in the day to think about taking it further. That has changed in the last couple weeks, first with the introduction of the ultra-local currency, the Locus Laugh (currency symbol: LOL), and now with the decision to start accepting Bitcoins for Locus membership. Here’s a little background on both.

Locus now accepts Bitcoin

Locus has been lucky enough to have had one of Bitcoins great advocates–Slush–as a member of the workspace during a big part of his time developing the first Bitcoin mining pool (and during a big part of Locus’s time as a coworking space). He taught me what little I know about Bitcoin and maybe two years ago we agreed Locus should start accepting this largely unregulated digital currency for small purchases (drinks and snacks). I decided not to accept them for membership in the workspace, mainly in response to Slush’s admission that Bitcoin exchange rates are not without the occasional large fluctuation.

I never really took the time to announce it or make it accessible to members, but Slush himself bought drinks and snacks using Bitcoins (back when the exchange rate was a staggering $12 / Bitcoin, way up from the few dollars on the Bitcoin it had recently been and could easily return to). And so, without noticing, Locus collected some Bitcoins (1.191 to be exact). Now, Slush probably ate a couple hundred crowns worth of snacks, but with Bitcoin’s success, that’s turned into over 4.000 CZK for Locus (now with one Bitcoin trading at over $200). And now I ask myself what I was thinking not accepting Slush’s membership payments in Bitcoin (a method of payment he said would suit him). It could have funded a new wing for the Locus library.

Well, today Slush stopped by Locus and we talked again about Bitcoins and membership. I decided to start accepting Bitcoin for any Locus related payment, including membership (maybe violating the sage investment advice to buy low and sell high; or to accept payment in currencies that are undervalued but not in currencies that are overvalued). So now Locus is one of the few businesses in the Czech Republic to accept Bitcoin for all its products and services. And proud of it! Thanks for the inspiration (and help), Slush!

Accepting Bitcoins for membership is exciting and just happened today, but I’m even more excited about Locus’s other venture into non-government-backed, sketchy currency, the Locus Laugh.

Locus Laughs (LOL)

Another Locus member (Melvster, who confidently predicts the Bitcoin will soon trade at more than $1000 dollars to the BTC) has a broader interest in digital currency, working to develop web standards that would allow conversion and payment across all sorts of measurable values, such as Facebook Likes or time or whatever else you can think up that can be accumulated and awarded, including traditional government backed currencies (hopefully I’ve got the Melvster right). A large part of his interest has been in trying to understand less-monetary and more-psychological aspects of exchange relationships that could be built into his models and tools, something I’m interested in, too.
This has proven particularly relevant in running a coworking space and thinking about how to reward members for contributing to the community while keeping these kinds of contributions outside the domain of what the psychological anthropologist Alan Fiske would call market pricing (where exact quantitative values can be and are assigned to social exchanges), and helping to keep (or move) social exchanges into the domains of communal sharing (basically giving to others without concern for what you get in return, what is standard in some small-scale societies and is still common today in many family relationships), or at least equality matching (basically trading one kind of non-economic good for another without being concerned that they match up exactly on some numeric scale). The idea of a married couple trading ironing for cooking dinner (equality matching) goes down a lot more easily than the idea of each spouse paying the other 10 Euros for their respective deeds (market pricing), even if just cooking dinner for the family without concern for what you’ll get in return (communal sharing) might seem the best marker of a healthy marriage. So how to reward community support without shifting the relationship among coworking-space members to one of market pricing, and even try to help move the relationships toward communal sharing?
Enter the Locus Laugh (LOL). Doesn’t take itself too seriously, awarded somewhat freely for good deeds toward the community, but still with value, at least in terms of Locus goods. Laughs can buy Locus products and services and they can be traded among members (or non-members), so that one person who has some Laughs to spare can trade them for a service from another member who’s positively Laughless. Of course it’s just an experiment and we don’t really know how it will work to encourage positive contributions to the communty or to keep those contributions out of the market pricing domain (or instead move good social deeds in that unfortunate direction). Locus Laughs after all don’t really get out of the domain of market pricing. They have a monetary value, at least in the world of Locus Workspace, and they are priced in units (which happen to be directly tied to the Czech Crown). But hopefully they’re far enough removed and take themselves sufficiently unseriously–you get rewarded for Laughable deeds, and a lot of Locus Laughs are Laughter–that they do a relatively good job of serving their function. And if nothing else, Laughs are fun. They make people smile. LOL.
Thanks Melvster and Slush. And check your LOL Ledger.

Locus Workspace’s early influences

With Coworking Day just around the corner, this is a good time to reflect on why I originally wanted to start a coworking space and what coworking means to me. There are too many influences for one blog post, so I’ll start at what I take to be “the beginning,” the first time that something akin to coworking seemed noticeably absent from my world and that its profound value became clear to me.

It started sometime around 2000-2001. I was working toward my Ph.D. in the University of Chicago’s Committee on Human Development (now the Department of Comparative Human Development). I needed to submit my dissertation proposal, the final step before doing my research and writing my dissertation (in my case, a cross-cultural field-study examining gamblers’ strategies and beliefs about winning). I was struggling to get into the writing groove (not for the first time). Once I sat down and got started, I would often sit for 10 or more hours without leaving my seat, but–maybe unconsciously aware that I wouldn’t be stopping for a long time–getting started in the first place sometimes took days.

Luckily, a few members of my cohort were in the same position that I was. We were all struggling to get our dissertation proposals finished and we needed other people working toward that same goal to give us that extra push. We formed a small group where we essentially met together to set goals for the week and talk about what we were working on and the challenges we were facing. Two of those friends would meet with me at a university cafe once or twice a week to just sit together and write for the day. Thanks Christine, Susan, Shana, & Jocelyn! I’m not sure I could have finished my proposal without you.

Unfortunately, after the year and a half I was away doing my research, I returned back to a vastly different department, as the students who came back from field work in our department usually did. We were free now to live almost anywhere we could sit and write up our dissertation, and most of us reached that stage at different times. At this point I was ABD (All But Dissertation, meaning that I was finished with all my Ph.D. requirements except writing the dissertation itself). I looked for a group to meet with early in the morning each day, just to get me started, but I couldn’t find anything in the classifieds or on Craig’s List. “In the city the size of Chicago, aren’t their enough people like me who work better with a social commitment to write alongside others?” I wondered.

This time, another friend in the department, one of the few who had the capacity to self-motivate year after year without external support, agreed to meet me for an early breakfast once a week at 8am near the cafe where I liked to work. Thanks Richard! As with the dissertation proposal, it’s not an exaggeration to say that I don’t know if I ever would have finished my dissertation without those morning breakfasts.

Until the weekly breakfasts, there seemed to be nothing that I could do from a self-motivational perspective to get myself going. Ironically for a department that seeks to understand the social and cultural factors that contribute to healthy development across the life span, Human Development provided very little toward the healthy development of it’s own graduate students at the time. Of course, we were not children, and it was our responsibility to manage our own lives, and I took that to heart. My initial reaction had been to focus inward and blame myself. I just don’t have enough self-discipline, I’m not cut out for this, what’s wrong with me, etc. As time went on, my sense of confidence in my own ability to succeed that I brought in to graduate school declined.

What partly kept me going was a strong belief from earlier experiences that my own success and ability to work productively had much less to do with me and much more to do with the social context than the popular contemporary ideal of the self-made person would have us believe. And in this particular case, the pattern was too wide-spread to be attributable to much besides external factors. I was surrounded by fellow students–most of whom had been over-achievers until that point–who were struggling to finish. Often for years. The students who did not struggle for years were the clear exceptions, not the rule. Everything was on our shoulders, most of us were working alone without the support of a lab or a collaborator, meeting with our advisers for feedback once every couple weeks if that. We were involved in trying to finalize our own first major writing & research project, the biggest task of most of our lives. These, I suppose, are the same challenge that most new freelancers or solo-entrepreneurs face when starting their own first businesses, or most undergraduates face when writing their first big paper. The scales are different, but so are the stages in our lives. For most people, social animals that we are, that’s a recipe for declining motivation, increasing self-doubt, and eventual under-achievement. We were a bunch of independent workers, thirsting for social support and some external source of motivation, feedback, evaluation, and validation, but without knowing where to find it. (As an aside, the following year, the chair of the department started a dissertation support group for long-time ABDs that saw five of the six participants finish within one year).

Those meetings, the early ones with the dissertation-proposal support group and with two members of that group to just sit together and write, and the later ones for early breakfast near my “writing cafe,” got me working productively. They were invariably the most productive days of the week. But they also made it easier to sit and get started working on the “off” days, breaking the pattern of avoidance and providing the social connections I needed to keep going on a very big endeavor day after day. We were all a bunch of coworkers, without yet having the concept.

There were several subsequent events that ultimately led me to want to open a coworking space and to a fuller conception of the potential of this kind of business, but those times in graduate school certainly planted the seed and gave me the sense that this kind of business could have real social value. They were also a big part of what convinced me that for most of us who decide to go out on our own as entrepreneurs, freelancers, or artists, the difference between success and failure rarely has as much to do with our own internal character as it does with finding and embedding ourselves within a healthy context of strong social support. So thank you most of all to the current community of coworkers who share Locus Workspace with me. Without being surrounded by your positive work energy and your incredible support and shared experience and knowledge, I would not have been able to last 5 months as a “solo-preneur” (not to mention three years and counting).

August 9th is International Coworking Day

Every year on August 9th–10 days from now–coworking spaces and coworking enthusiasts around the world mark “International Coworking Day” (and hopefully tweet about it using the #coworkingday hash tag). It was on that day in 2005 that Brad Neuberg first publicly blogged the word coworking, sparking the innovative trend that has seen the opening of thousands of coworking spaces around the world.

Neuberg’s original message–in the first few lines of his blog post–goes a long way in communicating my original motivation to start Locus Workspace:

Traditionally, society forces us to choose between working at home for ourselves or working at an office for a company. If we work at a traditional 9 to 5 company job, we get community and structure, but lose freedom and the ability to control our own lives. If we work for ourselves at home, we gain independence but suffer loneliness and bad habits from not being surrounded by a work community.

Coworking is a solution to this problem. In coworking, independent writers, programmers, and creators come together in community a few days a week. Coworking provides the “office of a traditional corporate job, but in a very unique way. 

Coworking has come a long way since this initial description, with dedicated spaces and recognition that there is a far more diverse group of people who benefit from coworking, but the basic idea is the same: working for a company and working for oneself have largely opposed costs and benefits, and coworking can provide much of the solution: coworking adds the community, shared knowledge, continuing education, and social support often provided by a traditional office, while enabling people to follow their own passions and do what they most want to do, a path that traditionally has required giving up the community and support that comes from working for someone else, often at the cost of long-term success.

This August 9th, Locus’s Krakovská location is hosting a Jelly (a FREE open day of coworking for anyone in the area who’d like to join us with their laptops and some work to do to spend the day working alongside others). Locus hosts Jellies in cooperation with some other coworking spaces in Prague through our shared Meetup group, “Coworking in Prague”. Join us for this special Jelly and help us commemorate the 8th anniversary of coworking. You can sign up for the Jelly here.