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Event dates: 03.09.2012 - 03.12.2012
Location: Newcastle, England
ignite100 is a mentorship-led accelerator program for start-ups but with a big £100,000 difference.
We provide seed capital, office space and mentors, and the runway necessary to sustain momentum after the end of the acceleration programme.
ignite100 comes in the shape of an intensive 13 week programme based in Newcastle in the North East of England, 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, Green Lane Capital, SCM Pharma co-owner Fiona Cruickshank and Alastair Waite of Onyx Group.
We’ve learned that at the heart of ignite100 should be the exchange of experience, advice, know-how and counselling provided by over 50 great mentors including experienced entrepreneurs 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 13 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).
Registration opened until 30yh of June.