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:

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!

  • you have or are on track to generate your first sales and annual revenues are under €1 million
  • 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.

Get ready for a game-changing opportunity!

  • you have or are on track to generate your first sales and annual revenues are under €1 million
  • 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 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.

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.

Viktor Manev

IMPETUS Capital

Stefan Juhls

IMPETUS Capital

Walé Adepoju

IMPETUS Capital

Angel Hadjiev

SeedBlink

RECOGNISED BY:

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.

 

 

Frequently Asked Questions

What are the terms of the investment?

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.

Is it possible for other investors to participate in this round?

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.

 

Are there any limitations for the application to this program?

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.

What is the structure of this program?

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.

 

What can you expect after the end of the program?

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.