The Media Startup Fellowship supports young entrepreneurs in developing new solutions for the media industry. Within the nine-month funding program, media startups are supported in their development. The fellows receive coaching, access to an extensive media network, and up to €50,000. The Media Lab Bayern does not take any share of the funding from the supported startups.
Media Startup Fellowship: Support in three phases
The program is divided into three phases. Participants receive financial support in each phase. In the first phase of the fellowship, participating startups are tasked with validating their prototypes, finding their first customers, and developing a market positioning. During this phase, founders receive coaching in the areas of team building, MVP, business model, and UX design. The second phase focuses on optimizing sales and finding customers. Media Lab Bayern supports them with contacts in the partner network and the media industry. Coaching sessions on pitching, marketing & PR, sales, and growth hacking are intended to advance the startups. In the third and final phase, participants develop a sustainable business model and a fundraising strategy. Accompanying coaching sessions are provided on investment, legal, and recruiting topics.
Applications for the program are still possible until September 20, 2022. Further information can be found on the Media Lab Bayern website.
