X Factor- Business Accelerator

X Factor Accelerator from Veles is the first business accelerator outside of Skopje, which was founded by investors with extensive practical experience in creating, managing and supporting the development of successful startup businesses. The start of the project in 2018 was realized with the support of the Fund for Innovation and Technological Development (FITD), in cooperation with the World Bank. Since the start of business operations, 3 investment cycles were conducted, through which 52 startup teams were mentored in 3 pre-accelerator programs in competition with more than 150 applicants. 29 business ideas were presented on 3 Demo Days and the Investment Approval Committee decided to invest in 5 of the most attractive startups with the greatest chances for rapid and global growth. Total investments in the five startups are 480 000 euros.