PUBLIC SERVICE LAUNCHPAD ACCELERATOR: 25 JANUARY 2014 – 2 May 2014
• An intensive 14 week programme to incubate innovation in public services
• Programme looking for 15 teams with initial £9,400 seed investment per founder
• Looking for entrepreneurs as well as people within public service organisations
• Full or part-time commitment, with 3 days per week as a minimum
• Deadline is Tuesday 10 December 2013 at 5pm GMT, but the sooner you apply the better
Our Accelerator is an intensive 14 week programme of support, desk space and an offer of investment for teams on a mission. We’re looking for around fifteen teams, each with between two and four founders. We’re not looking for established business plans – we’re looking for teams at the earliest stage of their development.
Based with us in our dedicated space in London, team founders on the Accelerator will benefit from a brilliant curriculum of learning and development, led by inspiring people who have been there and done it themselves. Founders also get access to experienced mentors, advisors and the wider networks of Hub Launchpad and our partners.
We offer seed investment to every team. Seed investment is the earliest form of investment, and it essentially used to cover living expenses and small bits of initial spend on your business as you get started. There is £9,400 of seed investment on offer per each team founder.
A total of around £46,000 of follow-on investment is then available at the end of the programme. At the end of the 14 weeks, the teams present their businesses back to their peers on the Accelerator, and pitch to an investment panel. Half the investment is awarded by the Accelerator cohort themselves – peer investment – and half is decided by the Launchpad investment panel.
All our investment takes the form of a low interest business loan on favourable terms with an extremely supportive structure around repayment after three years. The reason it is a loan is simple – we’re not here to make a profit and we want to recycle as much of the money as possible over the long term. Your success in your company will feed the success of the next generation of founders coming through Hub Launchpad.
You do not have to participate in the accelerator full-time, but we’re looking for a minimum of 3 days per week.
So, have we piqued your interest? Want to find out more? We’ve prepared an information pack to help answer questions such as:
• What are the key dates and timings?
• What does the accelerator application process involve?
• What actually is your investment offer?
The pack also covers the further questions we think you might have. But we also know that nothing beats a proper conversation – so please feel free to get in touch via email (email@example.com), Twitter or Facebook before making an application.
To apply please download and fill out our Application form below (word document) and send it to firstname.lastname@example.org . Also, please attach any other documents that you find relevant to your application.