VENTURESPRING IGNITE TERM'S AND CONDITIONS
Venturespring Ignite goes beyond a traditional accelerator. It isn’t about corporates paying ‘lip service’ to digital transformation or startups being able to leverage a big brand - this is match-making and collaboration that fundamentally changes the economic prospects of both established businesses and the disruptors changing the markets they operate in. We have created a new model in business creation and acceleration which is backed by our corporate partners. This goes beyond ‘classroom-style learning’. The ventures that join us have exclusive access to hard-to-reach corporate resources that allow them to scale quickly and the corporates get to fully embrace innovation in a way that future-proofs their business.
Our vision is to inspire leaders to empower growth driven startups to build a better world and to achieve this vision we are dedicated to bridging the gap between startups and corporations to empower technology ventures to grow and prosper faster. Venturespring Ignite is our model for helping to achieve this mission and we are pleased to introduce it to the market place.
How to enter Venturespring Ignite: Entry into Venturespring Ignite means all the terms and conditions (“Terms and Conditions”) set out herein are accepted in full. Simply fill out the form to apply to the Venturespring Ignite programme. Please remember to upload your pitch presentation to the Venturespring Ignite form. Remember, all Venturespring Ignite applications are reviewed directly through the Made platform. Keep an eye on your inbox for an email from Made asking you to confirm your account once you have registered via our online form. Ventures who do not follow these steps will not be judged.
Venturespring Ignite Benefits:
Our Ignite programme doesn't require you to focus away from your business (there is no time away from the office - this is not an accelerator programme ) - our platform asks you what kind of resources you would ideally want (if someone had to ask you what your venture needed right now - what would you answer?) Once we understand this we then help your venture to stay ahead of the game by working with our corporate network to unlock these resources for you. Sometimes ventures don't need investment - they might simply need a huge global partner or clients or customers, access to wide scale free media and advertising, or access to global reach, technology, distribution, people, mentors, manufacturing processes and more. We have been working on bringing together some key corporate organisations who are passionate about helping ventures to succeed with access to key hard to reach resources including investment.
We understand that you are working diligently on the execution of large scale projects and perhaps we could help to connect you with some other large companies as clients. We don't ask startups or scale-ups for any money or equity in return. We are doing this to support the venture space as our vision is to inspire leaders to support growth driven ventures and we want to use our corporate network to help scale the activities of businesses which are helping to build a better world.
Discretionary investment of between $10,000 - $100 million through our corporate and institutional investor network and or fund.
Equity in ventures is only taken if we or other investors invest - and this is at the ventures discretion.
As part of Ignite you will gain access and intros to carefully curated corporate resources obtained via unique deals and strategic negotiation.
Access to Venturespring mentors and high profile business leaders – entrepreneurs who have both invested into and built a number of businesses for themselves and others.
Strategic corporate match making for long term partnership opportunities to help ventures commercialise and gain access to whatever it is that they need.
Access and intros to high profile investors in the form of angels, family offices, venture capitalists, and corporate venture divisions who might want to invest further funds
Venturespring will take care of matching up mutually interested corporates, investors and companies through our platform. We will then work with the venture over a short period to make these exciting partnerships a reality. Some of the resources might be deployed immediately, while others may take some time to embed or curate.
Ventures will also receive an invitation for one person to attend a Summit on Necker Island, where the venture will have the opportunity to meet with the world's most successful business leaders such as Richard Branson. (Flights are not included.)
An opportunity to hear Necker Island Summit speakers discuss key trends and the types of corporate resources available to ventures.
When will Venturespring Ignite run:
- Ignite is an ongoing initiative which runs every year. The programme launched to press and the public for the first time in June 2017. Finalists from our first year will be selected and notified at the end of January 2018. Successful finalists will be awarded with access to Venturespring Ignite benefits from March 2018. One lucky venture will be supported with investment and a trip to a Necker Island summit in Feb 2018. The next deadline for our 2019 finalists will be - 20th December 2018.
How many ventures are selected:
- 15-20 businesses will be selected as finalists but only 1 will be selected from this batch to gain access to the investment and Necker island summit. We may choose to support more than 1 with access to investment.
How are ventures selected:
- After the venture scouting activities we are usually left with hundreds if not thousands of venture entries. Ahead of the finalist announcement we sort these ventures by vertical. We have a number of enablers / ecosystem partners (made up of high profile venture capitalists, corporate innovation experts and high profile business leaders) who are there to provide opportunities rather than just judge the ventures. When the application period closes we will have them cast their eye over entries with us, we will then come to a conclusion as a forum). The expertise in that forum will help us to choose the best ventures.
What are the judging criteria: We select entries that have the greatest potential to build a better world thereby positively impacting our future. What does that mean? We are looking for ventures which are solving some of the world’s biggest problems. Trillion dollar + market opportunities. We are looking for ventures which are providing solutions where we need them most. Ventures are judged on originality, business model, team and potential to build a better world. We select the 15-20 finalists based on this criteria and then work to partner those ventures up with our corporate network for greater impact, our aim is to help those ventures through access to our corporate resources. Through our platform we are ultimately inspiring and enabling leaders to empower ventures which are working to build a better world.
- Necker Island summit and investment: As part of the Venturespring Ignite programme, one of the fast growth businesses will be invited to Necker Island to attend a summit in February 2018 attended by Fortune 500 leaders, top global VCs and Richard Branson. Venturespring has partnered with Singularity University who will be responsible for the programming and education of this event. We will provide a 3 day summit ticket option for the selected venture which will include the following: 3 Nights- 7th Feb 2018 - 10 Feb 2018. Features two days of content, one day of island activities, and a charity dinner with Sir Richard. Includes all Singularity University programming and education, all meals, drinks, entertainment, and activities (excluding spa). Flights are not included. Due to limited capacity and cost, the venture will receive only one place on the Necker Island summit, as a result we usually recommend that the CEO of the venture attend so that he or she can impart learnings to the rest of the team. A discretionary investment of between $10,000 - $100 million is provided to the winning venture. Venturespring Ignite is open to both seed and early growth stage ventures. We have been building our investment fund and will be seeking to make multiple investments in subsequent years beyond year one of this programme as we build our fund out further.