Closure of application period:
Aimed at ISDI students and X-ISDI worldwide who are leading technology-based projects between definition, pre-seed and seed stage, less than two years old.
Potential entrepreneurs with an association with ISDI are helped on the journey to creating a startup company. Participants will have access to training, mentoring, investors, among other services, to take their idea and convert it into a successful commercial venture. After the experience of helping several startups scaling up their projects, the approach is demonstrated to be effective.
The incubation program will be delivered in two phases: ISDI Start and ISDI Start UP.
Each person interested will have the opportunity to join ISDI Start, a two-weeks training bootcamp with a very practical approach that will help participants to work on their value proposition, team definition, prototyping, technology & operations, go to market and pitching.
After this initial phase, up to 5 finalists will be invited to join ISDI Start UP for the development of an MVP in three months in which ISDI provides a number of benefits (three-month online incubation program, demo day and other events, visibility, access to relevant investors and corporates and external services at favorable conditions, etc) in exchange for a percentage of the startup equity.
ISDI doesn’t charge any cash for this program. ISDI Start is completely free. We fund the programme by taking a small equity charge in the companies we support into ISDI Start PP UP and beyond. This means that when these companies are successful, we get some returns that allow us to be there for the next program.
You can submit your application to the program at the following URL: https://www.f6s.com/isdistart2020/apply.
The deadline for submitting your application is 27th September April 2020 at 23:59 p.m. CET.
SERVICES OFFERED TO ISDI START UP PARTICIPANTS
All the participants will be entitled to the following package of services:
Up to five projects will have the opportunity to join ISDI Start UP. This incubation program will include the following:
To be eligible for the evaluation, applications must meet all eligibility criteria bellow:
Besides, the following requirement will be taken into account:
Only participants that meet the following requirements are eligible for ISDI Start UP:
SUBMISSION OF PROPOSALS
Applications must be submitted through the official website: https://hub.isdi.education/profile/5efc830b5670230011288e0b before 27th September 2020 at 23:59 pm CET. Applications submitted by other means and/or later than the said deadline will not be considered for evaluation.
Applications will be submitted via a single online form, which includes:
Project proposal, divided into 4 sections:
Control questions: questions related to where and how the applicant learned about the Accelerator. This section also covers privacy policies.
Please, before sending the information consider that:
English is the official language for submitting applications for ISDI Start. Proposals must be in English to be eligible.
INTELLECTUAL AND INDUSTRIAL PROPERTY RIGHTS
To the extent needed for the participation to the program, the startup grants to ISDI, a royalty-free license, on a non-exclusive basis, without geographical or temporal limitation, and with the right to assign to third parties, to use the contents and materials provided.
Applicants will be solely responsible for claims on intellectual or industrial property rights that may occur, obliging them to compensate ISDI, their investee companies and / or customers of any of them for all expenses, damages and losses. may cause the violation of the aforementioned rights.
Applicants are expressly prohibited from using and / or exploiting, in any way and in any medium (own and / or third party), the logos, trademarks and / or distinctive signs of ISDI, unless prior written authorization is obtained from the holder of the signs distinctive.
PRE-SCORING & EVALUATION PROCESS
Eligible proposals will be automatically scored by the evaluation system, obtaining up to 100 percentage points according to the following criteria: team (30% weight), business (40% weight), strategic fit (30% weight).
The evaluation system will establish a threshold and all applications that reach the minimum threshold score or higher will move on to the external evaluation.
After pre-scoring, all applications will be evaluated and qualified by a jury, consisting of experts from ISDI Accelerator. The jury will evaluate applications using the given criteria: team, business and strategic fit.
Applicants will receive a notification after the evaluation process indicating whether they have been selected or not. The decisions of the jury, composed of experts of recognized prestige, will be final and not appealable.
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