ignite100 is a mentorship-led accelerator program for start-ups but with a big £100,000 difference.
We provide startups with seed capital (up to £100,000 per team), office space, workshops, travel and mentoring. Unlike other programmes, teams can also take advantage of our extensive alumni network and a follow-on incubator programme.
Founders enjoy an intensive 14 week programme based in Newcastle-upon-Tyne in North East England. Teams will also spend two weeks in New York, where we enjoy extensive support from the city, its entrepreneurs and angel investor network. Founders also travel to London for workshops, mentoring and investor meetings.
ignite100 is supported by Finance for Business North East Technology Fund, managed by IP Group plc, and from the Finance for Business North East Accelerator Fund, managed by Northstar Ventures, together with a group of angel investors including Hotspur Capital Partners and SCM Pharma co-owner Fiona Cruickshank.
Delivered by a team with experience of over a dozen programmes, we’ve learned that at the heart of ignite100 should be the exchange of experience, advice, know-how and counselling provided by over 50 hand-picked mentors including experienced entrepreneurs, technical and design evangelists and venture capitalists.
We initially provide teams funding of £5,000 per founder (up to a maximum of £15,000). The founders move to Newcastle for the 14 week programme where they receive intense mentoring and business support. Subject to the teams achieving pre-agreed milestones, the balance of the £100,000 will be released in the form of a convertible loan note (it’s a straightforward deal but please see the FAQs for more detail on this).
Applications for our Autumn 2013 programme are now open - in the meantime, contact us via Twitter or email to discuss your application beforehand.
The Finance for Business North East (FBNE) Technology and Proof of Concept Funds are two of the seven venture capital and loan funds established as part of the £125m FBNE programme. That programme has been made possible thanks to funding from the European Regional Development Fund 2007-2013 and the European Investment Bank. For further information, please see: www.northeastfinance.org