Startupbootcamp IoT | Connected Devices is a dedicated accelerator for startups working on a smart connected device within both Consumer IoT (wearables, assisted living, connected homes) and Industrial IoT (smart environment, smart factories and smart retail). We provide funding, mentorship, office space in London and access to a global network of corporate partners, mentors, investors and VCs, for up to 10 selected Internet of Things (IoT) startups across the globe in a three month program. During these three months, and beyond, our aim is to help startups secure further funding in their business from London's thriving investment scene.
The program is run by MD Raph Crouan, using his extensive background in strategy and business development across hardware products. Raph has assembled a team of the most prominent connected hardware developers and thinkers within the IoT space, allowing startups to collaborate with 100+ mentors, partners, and investors to build world class hardware and IoT products. The program is working with partners Premier Farnell, MJ Hudson, RPD,Wildfire PR and HWTrek, as well as Startupbootcamp investors Cisco Investments andDLL, to provide exposure and access to a network of industry professionals that most early-stage IoT and Connected Device startups would not be able to access otherwise. These connections also mean that startups can benefit from manufactoring support, particularly thanks to the program's links to Asia and China.
Applications for our first cohort have recently closed, with 10 startups from around the world being selected from 425 applicants to join the program this Autumn. Whilst startups do not need to permanently relocate to London or be incorporated here, they do need to spend the three month acceleration period in London.
We accelerate startups with a working prototype, or tangible proof concept, within the following segments:
- Wearables: the next generation of Wellbeing / Quantified Self / Ingestables / Skin / Fabric / Embedded Products
- Connected Homes: Security / Hubs / Metering / Community & Assisted LivingIndustrial IoT
- Smart Environment: Grid / Electricity / Sustainability / Green Energy
- Smart Factories & Smart Manufacturing
- Smart Retail: iBeacon
What we offer:
- Access to 100+ Angels & VCs for funding
- Extensive mentorship from 100+ entrepreneurs, investors, and partners
- Access to top markets in Europe, US, and Asia (especially China and Korea)
- 3 months free coworking space complemented by a full fast prototyping lab
- €15K in cash per team
- €600K in partner services and discounts
- Invitation to SBC global alumni network and growth programIn return we ask for 6% equity. We don't take board seats, and we don't get preferred shares. All contracts are simple, transparent, and available for all to see.
Startupbootcamp has been running acceleration programs in different verticals since 2010. In 29 classes, 325 startups have been accelerated with 78% still active and a funding rate of 72%. The majority of startups get funded within 3 months of Demo Day and the average amount raised per startup is €660,000.
Massive Growth Support for IoT startups
Beginning this Autumn, the three month Startupbootcamp IoT | Connected Devices accelerator guides 10 companies through the Shape, Build, and Sell stages of development, with hands-on sessions with 100+ mentors, legal and financial support, masterclasses on topics ranging from marketing to growth hacking, and focused partner days such as hardware design and production.
Thanks to strong manufacturing links with Asia and China, as well as to our partners RPD and HWTrek, we are able to support startups with many of the issues they face with production, from sourcing to costs.
Acceleration and Demo Day
After three months of acceleration the ten teams are invited to present their companies to 400+ investors, mentors, and partners during Demo Day. All startups are given invaluable pitch training and support from industry experts in the lead up to the day. Beyond this Startupbootcamp IoT | Connected Devices then provides a further three months of support in order to help startups close any funding secured from investors.
Global Support Network
Startupbootcamp IoT | Connected Devices startups are actively supported long after they leave the accelerator. All startups will be part of the Alumni Growth Program, which exposes them to a growing global network of 1,800+ mentors, 2,000+ investors, 300+ startups. If you have any questions in the meantime, please get in touch at firstname.lastname@example.org. Please note that any information submitted in an application is completely confidential and will not be shared with anyone outside of our organization.