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At the end of the day, judges will deliberate and select one company to join the Accelerator program for 6 months.
When: Contest closes August 21 , Winner announced September 9-10
Who: From startups to scaleups
Why: For the opportunity to join the L-SPARK Accelerator program for 6 months.
This 6-month intensive program, will challenge you to think about how to: perfect product-market-fit; identify early adopter prospects;define your sales channels; grow your revenue; build your team;navigate government funding and help you get you “pitch ready” – introducing you to potential angels and VC’s as you raise funding.
L-SPARK can help you achieve this through tactical and strategic support, relevant workshops and a dedicated mentor (C level executive) who will join your team one day per week. L-SPARK runs weekly Ops Meetings with members from the team to test your assumptions, brainstorm options, and prepare you for customer and investor meetings.
Examples of workshops + sessions include:
Important Details: There is no fee to the company to participate in this Accelerator. For Deep Tech pre-revenue companies, L-SPARK takes a 5% equity stake in the company. For revenue generating SaaS companies, L-SPARK takes a performance based 3% equity stake in the company. What we mean by performance based is, if the company raises funding during the 6 month program or in the immediate preceding 12 month period, L-SPARK has a 3% equity stake in the company. If the company does not raise funding during that 18 month window, L-SPARK has no equity stake in the company.
Deadline to apply is August 21