Startups can apply to be specifically matched with corporates in first phase of new model for business creation and acceleration backed up some of the world’s biggest brands and business leaders.
– Six week Venturespring Ignite programme starts in September and will ‘match-make’ startups and corporates based on their specific challenges
– Startups will gain unique access to vital resources beyond the standard ‘class room learning’ of other accelerators – e.g. investment, supply chain networks, technology or access to customers from Venturespring clients including Tata Communications, IBM, Vodafone and Unilever
– Corporates can go beyond paying ‘lip service’ to innovation and generate a real return on their investment (time and money) by co-creating disruptive products and services that future-proof their business
– One of the startups accepted on to the six week Venturespring Ignite programme will be invited to Necker Island to attend a week-long summit in February 2018 attending by Fortune 500 leaders, top global VCs and Sir Richard Branson at an event co-produced with the Singularity University
Venturespring works with big brand corporates and connects them to a curated pool of startups through the Ignite programme. Startups are selected based on their potential to help solve corporate challenges or create opportunities through innovation. Within Venturespring Ignite, carefully selected startups and scale-ups (across mobility, lifestyle, media, aerospace, travel, fintech, healthtech, AI, AR, VR, retail) will be granted access to a six-week programme where they are strategically matched with the most relevant corporate partners. The matching will be based on the corporate’s market and digital transformation opportunity, and the resources the companies need access to scale, such as access to retail distribution or supply chain networks; reaching consumers through free advertising and marketing or access to capital via Venturespring’s investment fund.
Beyond Ignite, the Venturespring team will keep working with the startups and corporates to drive real life innovations that resonate with users, from problem identification, concept development, product ideation to roadmapping, distribution and growth. The objective is to achieve a real return on investment for the corporate, and access and scale for the startups that would be near impossible to achieve anywhere else in the same timeframe.
“Venturespring Ignite goes beyond a traditional accelerator”, says Cassandra Harris, Chief Executive Officer of Venturespring. “It isn’t about corporates paying ‘lip service’ to digital transformation or startups being able to leverage a big brand – this is match-making and collaboration that fundamentally changes the economic prospects of both established businesses and the disruptors changing the markets they operate in.
“We have created a new model in business creation and acceleration which is backed by our corporate partners. This goes beyond ‘classroom-style learning’. The startups that join us have exclusive access to hard-to-reach corporate resources that allow them to scale quickly and the corporate get to fully embrace innovation in a way that future-proofs their business.”
As part of the Venturespring Ignite programme, one of the fast growth businesses will be invited to Necker Island to attend a week long summit in February 2018 attended by Fortune 500 leaders, top global VCs and Sir Richard Branson. Singularity University is also a co-producer of the event and is responsible for the programming and education. Proceeds after expenses will go to support Virgin Unite and the Impact Fellows program at Singularity University.
Applications for the six-week programme will be powered by the Made platform, by Venturespring partner Tata Communications.
Julie Woods-Moss, President, Chief Innovation and Marketing Officer, Tata Communications, said “It is critical that businesses across all sectors and geographies harness the latest technologies, the right partnerships and platforms to drive their digital transformation. Tata Communications is committed to facilitating technology innovation globally and our partnership with Venturespring is a key pillar of this. To collaborate effectively, you need the right tools and we are proud to be supporting Venturespring Ignite through our new Made platform. The platform will strengthen the connection between the corporates and startups, facilitating co-creation and supporting the technology ventures’ acceleration activities in order to empower them to grow and prosper faster.”
For more information or to apply for Venturespring Ignite, visit www.venturespringignite.com