I now run Prototron start-up fund

On April 2, 2014, in In English, by Siim Lepisk

From April 2014 I’m the CEO of Prototron. Prototron is a start-up fund that gives money to teams to turn their great ideas into first working prototype.

History

  • Prototron was founded in 2012 by Swedbank, Tallinn Technical University and Tallinn Science Park Tehnopol.
  • Since then we have had 6 rounds of funding with more than 500 applications/ideas.
Essence

  • We are filling the gap between the ideas and working prototypes so that our alumni will be able to generate the first sales from their working prototype.
  • We invest up to 30’000€ per start-up and ask 0% share. Of course we prefer the owner’s contribution to be as big as possible.
  • Our focus areas age Greentech, Electronics, Mechatronics and ICT. In ICT projects have to have complex business logic that IP rights can be protected, and/or cannot be easily copied.
  • Prototron is the only fund with a track record in Estonia, that finances building prototypes.
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Jim Collins’ latest business strategy extravaganza, “Great By Choice” gave a good concept for validating your strategies empirically. Whether it’s a general change in business strategy or a product launch, it all makes a perfect sense.

The concept is “Fire Bullets Then Cannon Balls”

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Corporate career analysis: Passion (movie review)

On March 15, 2013, in In English, by Siim Lepisk

The latest Brian De Palma movie “Passion” (2012, current IMDB score 6.5) is quite exciting movie about corporate game. Although it is also disgustingly manipulative, and won’t do any good to your brain, the screenplay and its core ideas were clever enough to recommend it to everyone who aims to climb a corporate ladder.

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