A dedicated accelerator for IoT and hardware startups, helping them validate, build and grow their business.
About this Solution:
Startupbootcamp IoT’s mission is to make the journey of building a connected hardware startup clearer, shorter, and more successful for entrepreneurs.
This is done through a 3-month acceleration program run once a year in London. The program gives up to 10 startups access to a global network of business mentors, hardware professionals, corporate partners, potential customers, and investors. With workshops, one-to-one sessions and events, with each startup also able to call upon daily support from the Startupbootcamp team on areas including business development, finance and marketing. Co-working space with a fast prototyping lab and expenses totalling €15,000 are provided.
Startups from across the world are able to apply to Startupbootcamp IoT, but they must be developing an ‘internet of things’ device, have at least two co-founders, and share 6% equity on joining the program.
What We Offer:
- 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
- Equivalent to £740,000 in partner services
- Invitation to SBC global alumni network and growth program
- Access to 100+ Angels & VCs for funding
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.
We’ve accelerated over 400 startups in the past five years, with a funding rate of 72% and the average amount raised is €660,000.
Applications for our next program (beginning in October) open through F6s on April 24th.
This Solution is most applicable for the following stages and categories:
- Proof of concept
- Working prototype
- Industrial Applications
- Sports Devices
- Toys & Games
- Smart Home Devices
- Tech Accessories
- Auto Applications
- Health Devices
- Other Technologies