The Ready2Scale Acceleration Programme is an all-encompassing 6-month journey tailored to substantially boost the growth of 25 chosen digital and deep tech startups.
Funders: European Union
Funding Budget: €1 500 000,00
Number of Companies to be Funded: 25
Grant Award per Project: Up to £60,000 + mentorship, networking and investment opportunities.
This programme presents a multi-faceted support framework encompassing:
· Financial Support: Eligible startups may receive up to €60,000 in grant funding, allocated across travel expenses up to €5,000, expert consultations up to €5,000, and up to €50,000 for product development.
· Investment Readiness Training: Customised development plans alongside an Investment Readiness Programme are provided to bolster the startups' capabilities in securing further investment. This includes bespoke mentoring and pitching opportunities to leading investors.
· Market Discovery Missions: The programme supports startups in navigating new markets with 4-5 missions aimed at understanding local business cultures and specifics, facilitating tailored stakeholder meetings, and strategy design sessions.
· Educational Resources: Access to Ready2Scale Academy's workshops and training sessions, covering essential topics from funding opportunities to strategies for market expansion.
· Mentoring: Startups benefit from access to a broad network of over 100 international mentors, offering advice to refine financial strategies and maximise fundraising potential.
· Networking: The Future Founders Club aims to forge connections between startup founders and potential talents through various events and social media campaigns.
Eligibility Criteria:
· Startups should be involved in the digital and deep tech sectors.
· Applicants must be legal entities with at least one full-time employee.
· Companies should not be undergoing liquidation or bankruptcy processes.
· They must be based in an EU Member State or an eligible non-EU country, including Associated Countries, and have a Technology Readiness Level (TRL) of 5 or higher.
· Preference is given to startups previously supported by the EIC or those with private/EU funding.
Funding Allocation:
· The first cohort will support 15 startups, and the second cohort will support 10, aiming to provide comprehensive financial and developmental assistance to a total of 25 startups.
This acceleration programme stands out by offering not just financial support but a wide range of resources and opportunities designed to tackle various scaling challenges. It represents an ideal platform for startups eager to accelerate their growth, expand into new markets, and enhance their investment readiness.
Are you a digital or deep tech startup looking to scale up your operations and maximise your market potential? We encourage you to consider applying for the Ready2Scale Acceleration Programme. Contact Inventya today to learn how we can support your application and help prepare you for success in this programme.
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