Digital start-up lab opens for applications

Digital start-up lab opens for applications

Digital start-ups from across the South are being urged to apply for one of the UK’s newest tech start-up accelerators, Activate Capital.

Applications are now open for digital start-ups to join Activate Capital’s second start-up lab accelerator programme, taking place in Ealing, London in September.

Selected applicants will be invited to participate in its intensive six-week programme – worth more than £30,000 – which helps budding entrepreneurs ensure their idea is developed into an investor-ready proposition.

Matt Mower, co-founding Activate Capital partner, said: “London is bursting at the seams with incubators, pre-accelerators and start-up hubs where curation has become the primary offering for start-ups.

“Activate Capital, as a digital start-up lab, aims to bring the focus back onto managed acceleration, empowering entrepreneurs and helping them develop their business idea, proposition and model.”

The start-up lab programme includes a strong focus on business purpose and vision, value proposition design and exploring the fit between product and market as product development.

Paolo Valdemarin, co-founding Activate Capital partner, added: “Our mission at Activate is to ensure every one of our start-ups succeeds.

“Today’s accelerator model is broken, with an average success rate of just one out of 10 – we are committed to one out of one.”

The first successful start-up through the Startup Lab is innovative new mental health app Tomo.

The founders, Gus Booth-Clibborn and Fahad Al Saud had this to say about the programme: “Tomo is very different since we joined the Startup Lab.

“The team have guided us through the challenge of breaking down the Tomo concept, and provided a framework for product development.

“Tomo is really starting to take shape, and we’re super excited to see the end result of our collaboration with the Activate team.”

Once the programmes have finished, successful applicants also have the opportunity to gain access to seed investment of £100,000, used to optimise product development and secure future finance.