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DIA News

Incubator Network Climate-KIC

The first network meeting of Incubators involved in the Climate-KIC Acceleration Program (formerly known as the Incubation Program) was recently held at the Science Park of Utrecht University. Climate-KIC is a new (two-year-old) programme under the European Institute of Innovation and Technology (EIT) with participation from incubators from the UK, Germany, France, Switzerland, Poland, Spain, Hungary and Italy. Incubators from the Universities of Wageningen, Utrecht and Delft are on the list of participants from the Netherlands. The Network meeting was arranged around a central theme of developing business models for business incubation. Experiences from all over Europe, India and the US were shared in a comprehensive discussion on services and revenue models. The Climate-KIC incubators aim to select 300-400 ‘best of the best’ start-ups each year, Europe wide, which would make it the largest accelerator programme in the world! The result - a positive impact on the climate challenge we face.

The acceleration programme was launched in 2011 and offers Climate Startups an integrated 3-stage support programme of funding (up to €95,000 in grants), coaching, experts, master classes and opportunities to meet potential clients and investors throughout Europe. Stage one (maximum six months) is focussed at initial business plans and financial modelling. With a grant of up to €20,000, and supported with a business coach and master classes. Stage two (six months) is about verifying assumptions and meeting at least 50 potential clients, and further grants of up to €25,000 and business coaching. Further funding and exposure can be obtained through the Climate-KIC Venture Competition. Stage three (six months) is about entering the market with a first customer, scaling the business and finding investors. At this point there is a grant of up to €50,000, pitch-training, coaching and meeting with investors. More information at www.climate-kic.org

Village Capital landed in The Netherlands

Ross Baird calls it ‘democratizing entrepreneurship’. The Village Capital acceleration programme uses peer-review and support as core development mechanism for missiondriven (social/communal/environmental) pioneers. After piloting the idea, derived from the ‘village bank’ concept in microfinance, it was launched as an independent organisation in 2011 with one of the founding impact investors being the Dutch DOEN foundation (zip code lotteries) with programmes in the US and India. This spring Village Capital landed in The Netherlands, supported by the DOEN (Dutch for DO) foundation and Rabobank Foundation (Dutch Cooperative Bank). The managing team that brought the programme to The Netherlands are veterans in the incubation field, Enviu with environmental/clean tech incubation, Sproutside with corporate incubation and HUB Amsterdam with social incubation.

The three-month programme offers a high dose of critical support through a global network that has catalysed over $30m in investment to peer selected enterprises. After an initial period of twelve weeks the selected entrepreneurs will work on critical topics including product refinement, customer validation, scaling strategy, HR/recruitment, financials and a mission plan. Entrepreneurs are exposed to investors, customers and strategic partners. Participating enterprises are trained to think like investors and become the investment committee, ultimately making the final investment decision. At the end of the programme, two peerselected mission-driven businesses each will acquire the precommitted funds of €50,000. For further details on these programmes please visit www.villagecapital.nl and www.vilcap.com.
Published on 21-10-2013 13:22 by David Tee. 1011 page views

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