Have you always dreamed of taking the lead, even if the path is not clear? Or that someone believes in you and offers you a chance to determine whether you will succeed in a startup environment?
Speaking of which, Kilo Health decided to take its 10 years of experience in developing successful startups and launch a 2-month Incubator Challenge. A journey in which there will be winners and losers.
Let’s review it.
Looking for go-getters from diverse backgrounds
The Kilo Health Incubator is a challenge that invites highly motivated people to develop and lead startups with or without prior experience or skills.
“As investors and creators in health technology, we are always looking for ambitious people to develop innovative business ideas with. To create a successful product, you need to think creatively, not be afraid of risky decisions and try new, unconventional methods. This is why we are launching the Kilo Health Incubator challenge and inviting highly motivated people to join us. During this challenge, we will offer participants the opportunity to showcase their talent, go behind the scenes of creating a startup and develop a product prototype with the help of our experts,” explains Tadas Burgaila , CEO and co-founder of Kilo Health. .
The Kilo Health Incubator can provide an ideal opportunity for people from diverse backgrounds to delve into their entrepreneurial dreams for a few months and determine if they have what it takes.
Furthermore, even if you don’t have a startup idea, the Incubator will provide you with one and allow you to take the lead in its development.
“Experience can be an advantage, but it does not necessarily guarantee success. We hope to attract ambitious, determined people who are not afraid of challenges. We will not only consider professional experience, but also look for passionate people – those who believe in themselves and want to prove that they can move mountains,” says Ilona Bernotaite, HR Director at Kilo Health.
What to expect when participating in the challenge?
You won’t be thrown into the incubator and forced to navigate the battlefield of product development alone.
Simply put, participants will receive the push they need to turn their ideas into reality. The key is to arrive with motivation and the will to move mountains, and we will channel that energy where it matters most.
This means receiving consultations and workshops from Kilo Health experts and playbooks for successful product launches. Once they have proven the potential of the idea, they will also obtain the funds necessary to develop the prototype and validate its suitability for the market.
After successfully completing the selection process, challenge participants will benefit from a supportive working environment and the necessary funds to develop prototypes and validate their suitability for the market.
Participants will have access to the benefits of our authentic office located in the very center of Vilnius: dedicated workspaces, a gym and free food and drinks. In addition to being able to network within the community, you will have the chance to find a partner in crime with whom you can continue your startup journey.
Act at your own pace
“In addition, participants have the flexibility to choose when to work and develop their product idea at their convenience, which could be evenings or weekends, and are not required to leave their current position.
Most importantly, they will have the opportunity to observe Kilo Health best practices on how to quickly test and build a business,” says Bernotaite.
Ultimately, winners will receive an investment to further develop their products or an esteemed position within Kilo Health.
“We intend to invest 500,000 euros in products developed and created during the Kilo Health incubator, thus providing participants with a unique opportunity to demonstrate their potential by transforming their ideas into successful startups,” adds Burgaila .
Even if you don’t get a job or investment as a winner, you will gain unique experience and knowledge that can prove valuable in developing your future business.
Session in 2 months
To stay in the challenge, you will have to work hard and showcase your skills and motivation. During the process, some participants will be eliminated, as only the strongest and those with the most potential products will remain.
But if you manage to stay in the challenge for a period of 2 months, you must have a minimum viable product and present it to the Kilo Health jury.
“The first Kilo Health Incubator challenge will last 2 months. 2 months, in our opinion, is the optimal period for refining ideas, creating a working prototype and preparing an informative product pitch for the incubator judges.
We have already tested this approach in our company with successful existing products and believe that a longer period could unnecessarily prolong participants’ efforts and add to confusion.
In other words, 2 months is enough for us to see if the startup idea is viable and should continue to exist,” explains Vilius Cesnauskas, Business Development Director at Kilo Health.
How to register
The first Kilo Health Incubator Challenge begins in February 2024 and participants can now apply via the Kilo Health Incubator page. Let’s take a look at the application process:
- When applying, you will need to submit a video answering the ultimate question.
- After that, the jury will evaluate the application and will contact you if you pass the selection.
- Finally, you will go through interviews and wait for the final verdict on your progress in the challenge.
To increase your chances of being selected for the challenge, Ilona Bernotaite highlights a few points:
“Be open-minded, free from internal barriers and strong opinions, ready to face challenges and unexpected turns. Most importantly, be authentic, showcasing your best qualities and abilities. Sometimes you just need to recognize a person’s entrepreneurial spirit, and our goal is to provide the conditions for that spirit to flourish.
Adventure awaits you, are you up for it?
Register here.
Kilo Health
Kilo Health is a digital health and wellness company with over 6.5 million customers worldwide. The second fastest growing company in Europe according to the Financial Times FT 1,000 in 2022. The company currently has over 500 experts, over 30 products and offices in 5 European cities.
