Business Accelerator Support for startups

X Factor Accelerator is a private accelerator, founded by four investors with extensive practical experience in starting, managing, supporting and developing successful startup businesses. The launch of the accelerator was supported by the Fund for Innovation and Technology Development (FITD) in cooperation with the World Bank.
Since the start of the project in 2018, 3 investment cycles have been implemented. In a large competition of 150 applicants who went through three pre-accelerator programs, 52 startups were selected and received further mentorship by the X Factor Accelerator team. In the next phase, 29 business ideas were presented to the Investment Approval Committee and the target audience. At the end of the process, the Committee members decided to invest in 5 of the most attractive startups that were assessed to have the best chances of rapid and global growth.