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The Bethnal Green Ventures Incubator opens for entries
by Startacus Admin
Using ‘Tech for Good’ seems to be a pretty popular notion at the moment and that is certainly no bad thing. Here at Startacus we aim to give all those people, places and projects that are doing just that any help we can by telling you folks all about them. The latest project which we just have to spread the word about is the Bethnal Green Ventures Incubator. This London based incubatorwhich is backed by £1.8m of funding from the Cabinet Office’s Social Incubator Fund, the Nominet Trust and Nesta is currently seeking applications for its next programme which will run from 1st July - 20th September 2013. Interested? Here’s a few of the basics you’ll need to know:
Who can apply? Well, in their words, they are ideally seeking applications from “...early stage technology startups who are tackling a social or environmental problem...the key is that the idea must have the potential to help millions of people somewhere along the line.” Individuals can apply although it’s likely that only startups with a team will be successful and ideally at least one member must be tech focused.
What’s on offer? If you’re lucky enough to be selected, it’ll certainly be worth your while. Not only will your startup receive an investment of £15,000 from Bethnal Green Ventures ( in return for 6% equity), but you will also undertake an intensive 3 month programme where you will be able to work on and develop your idea. The programme aims to help you focus on designing, building and growing your business ideas. On top of that, successful applicants will be provided with excellent opportunities to make connections and network with leading mentors, investors and customers as well as also have access to central London office space for 6 months. Pretty impressive, don’t you think?
How to apply? The application process is very straightforward. Simply complete an online application form where you will be asked numerous questions about your idea, the problem you are seeking to address, your proposed solution as well as some questions about you and your team’s background and areas of expertise and skills. Shortlisting will then take place and those successful will be invited to attend an interview in London during May.
After that? Well, for the 10 teams lucky enough to be chosen, it’s time to make plans to move to London for 3 months over the summer!
The Bethnal Green Ventures website has all the other info you would need to know including details on the people behind BGV, the potential programme mentors, as well as on those startups who have previously successfully gone through the programme - 2013 actually marks the 3rd year of its operation.
Intrigued? Interested? Inspired? Go on then...apply! Also if you need to incubate 'that idea'? Check out the Startacus virtual workspace to help put your idea together!
If you like what you see here on Startacus and want to get involved yourself, why not become a member of our growing community by joining for free here!