Elevator lab program is organized in a competition format. Every year, the program identifies and publishes the areas of interest so it would be possible for the startups and fintech’s to identify themselves and apply to the program.
The program is organized in several steps, where the first step is the application of the interested startups & fintech’s. There is no limit of the applicants, so it is possible to apply as an idea, or a developed product/service or in different stages of the incubating process. The next step is the evaluation phase, where experts with years of experience in the banking sector and with the program, evaluate every idea, product, application. After a thorough evaluation, the potential applicants are chosen to pass to the next step, where they will have the possibility to present their idea/product/service/prototype in front of a chosen jury composed from experts of different areas of Raiffeisen Bank Albania and experts from other countries where Raiffeisen Bank operates.