What are rules of participation?
In brief, y
our startup needs to be in the idea or minimum viable product (MVP) phase, indicating that you do not yet have a product or only have a basic MVP that may be a no-code solution or a small MVP in need of reconstruction, and have secured a minimum of 50k GBP in funding. Your startup product/services must focus on the Western or Northern European market.
Please refer to the Rules of Participation for the exhaustive list of eligibility criteria.
Do I have to be incorporated to apply?
No, but you should have clear development project and goals. In the case that a non-incorporated project wins the competition, the funds will be transferred or prizes will be given once the company is incorporated.
What are the evaluation criteria?
The team, problem identification and value proposition, innovation, timing, market opportunity, execution plan and go-to-market strategy, business model viability, investability and pitch quality.
What language will the programme be conducted in?
The application, the online pitch and talkings with advisors and investors will be held in English.
How much time will I have to spend on the programme?
It will take about 15 to 30 minutes to apply. If you are among the 20 selected to join the pre-acceleration program, the pre-acceleration will last for 2 weeks, x hours per day.
What are the rules for the pitching?
If you are selected into the pre-acceleration program, you will also join the demo day, during which you will have 5 minutes to pitch in front of investors.
How many winners will be chosen?
Twenty startups will be selected as top 20 and will then move to the pre-acceleration program. After pre-acceleration, all 20 teams will be selected to pitch at the Demo Day.