Kármán Line: Pushing the Frontier
Groundbreaking solutions in
Space, Mobility and Commerce
Trusted by:
Space, Mobility and Commerce Startup Competition
Commerce was instrumental for Europe in the last 2,000 years. Mobility helped people, goods and services move across territories. Now, Space is closer than ever before. Innovation through these verticles changes our lives for the better.
IMPETUS will invest €300,000 for a 10% stake* in three selected companies. The winners will be chosen through a multi-stage process, culminating in a pitch event in Sofia, Bulgaria.
*subject to negotiation only depending on applicant’s stage of development and performance metrics
Eastern Roots, Global Ambitions?
Bridge Your Startup Dreams with Us
Here’s how it works:
- 1. Apply online: Everything starts here!
- 2. Shine in your application and be among our top contenders invited to craft a 90-second video, spotlighting your vision and groundbreaking ideas.
- 3. Impress us further? You'll be shortlisted as one of the few top finalists, earning a shot to pitch live in Sofia to our esteemed judges.
- 4. Our online sessions, led by industry titans Wale Adepoju, Stephan Juhls, and Viktor Manev, will delve deep into the intricacies of startup success. Gear up for intensive half-day sessions to supercharge your startup journey!
So, think you’ve got what it takes? Dive in and grab your chance at the grand prize! 🚀🌟
Get ready for a game-changing opportunity!
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you have or are on track to generate your first sales
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your company is based in Romania, Bulgaria or Greece or has a Romanian, a Bulgarian or a Greek founder
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your company is less than 7 years old or has recently undergone a pivot
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you have a clear objective to expand into Europe/US using the Eastern European market as a stepping stone.
Get ready for a game-changing opportunity!
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you have or are on track to generate your first sales and annual revenues are under €1 million
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your company is based in Romania, Bulgaria or Greece or has a Romanian, a Bulgarian or a Greek founder (part of the diaspora)
-
your company is less than 7 years old or has recently undergone a pivot
-
you have a clear objective to expand into Europe/US using the Eastern European market as a stepping stone.
Timeline
November 1, 2023
Application opens
January 15, 2024
Registration deadline
January 22, 2024
The short list of companies is announced
February 4, 2024
Pitch video deadline for the selected short-list of companies
February 16 - February 23, 2024
Core program activities
March 6, 2024
Pitch event in Sofia with the short-listed companies. Selection of the top 3 winners.
Timeline
November 1, 2023
Application opens
January 15, 2024
Registration deadline
January 22, 2024
The short list of companies is announced
February 1, 2024
Pitch video and Q&A deadline for the selected short-list of companies
February 9, 2024
Online pitching event
February 16 - February 23, 2024
Core program activities
March 6, 2024
Pitch event in Sofia with the short-listed companies. Selection of the top 3 winners.
The Kármán Line
\kär-män\
The Kármán Line represents the boundary situated 100 kilometers (62 miles) above sea level, distinguishing Earth from the vast expanse of space. Analogous to astronauts transcending boundaries by surpassing this line, participation in the Kármán Line competition places you at the precipice of transformative industry achievements. Grasp this pivotal juncture. Venture beyond the ordinary. Register today, amplifying your aspirations to unparalleled realms.
Meet your Judges
Applicants have the chance to participate in exclusive online sessions that will cover key aspects of start-up building and industry specifics. Get ready for intensive half-day sessions including small group Q&A segments.
RECOGNISED BY:
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Apply Now!
Let’s do great things together!
Application opens on 1 November 2023 closes on 15 January 2024. Submit your application now!
Shortlisted applicants will be contacted directly.
Apply Now!
Let’s do great things together!
Application opens on 1 November 2023. Submit your application now!
Shortlisted applicants will be contacted directly.
Kármán Line in the Media
Kármán Line in the Media
Frequently Asked Questions
IMPETUS will invest a fixed amount of €300,000 for 10% stake in the 3 winner companies with standard seed round terms. All eligible applicants will receive a response containing the fixed termsheet for this program.
The terms are subject to negotiation only depending on finalist’s stage of development and performance metrics.
Certainly, in fact, the majority of our deals at seed stage typically include angel investors and other early stage funds as co-investors. Nevertheless, it is important to understand that our deal structure is fixed, which means that the pre-money valuation and the pre-agreed terms will remain unchanged.
We are investing in Southeast Europe, focusing on companies founded by Romanian, Bulgarian and Greek founders and their diaspora across the world.
This program is specifically intended for companies developing solutions for and disrupting the Mobility, Space and Commerce verticals. The mentioned fields are preferred areas. However, the Kármán line program is not restricted to these fields only. Other adjacent business sectors are applicable.
The program features an online selection & Q&A process, online half-day sessions with our Judges via Zoom, and culminates in a pitch & networking event in Sofia, Bulgaria.
This program marks the beginning of your transformative journey with IMPETUS. After investment, we engage in an intensive collaboration with your team, providing steadfast support for your company’s growth. Our commitment extends to follow-on investments for top performers of our portfolio.