Startupbootcamp IoT | Connected Devices is an acceleration program for startups with a connected device in either Consumer or Industrial IoT.
About this Solution:
Startupbootcamp IoT | Connected Devices is a dedicated accelerator for startups working on a smart connected device within both Consumer and Industrial IoT. 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, and HWTrek, as well as Startupbootcamp investors Cisco Investments and DLL, 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.
Startups have until June 13th to apply to the program, with applications open to companies from across the world. 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 will be accelerating 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 Living
- 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 program
In 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.
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.
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.
This Solution is most applicable for the following stages and categories:
- Working prototype
- Sports Devices
- Smart Home Devices
- Health Devices
- Industrial Device