Updated 09 December 20
After running a successful first cohort throughout October and November 2020, we have confirmed that we are running the next cohort for this region starting on January 11th 2021.
In our first cohort, we received over 320 applications from founders across Malaysia, Singapore and Indonesia. We worked with these early stage founders and teams to progress their startups with our support over a 6 week period. This culminated in a Demo Day where the strongest were invited to pitch to our investment panel.
If you are thinking of applying for the upcoming cohort we have added some further detail below of what to expect, as well as a short video from our CEO Andy Davidson explaining our upcoming plans for the programme and what we hope it will deliver for founders.
NOVA Startup Programme - What to expect
The first step in joining our programme is to complete the short form on this page. Here we’re looking for you to concisely explain your startup concept, what progress you’ve made to date and your credentials to make it a success. A member of our programme team screens all applications and will reply via email advising of next steps for you within 1-3 days.
You can apply any time up until the 11th January 2020, and if successful you can begin working through the online ‘venture readiness’ sections of the programme before the official start date.
Online Venture Readiness Platform
You’ll get immediate access to our online tools, learning materials and coaching to help you validate, launch and grow your startup. You’ll work through two playbooks to create 3 core deliverables:
A lean canvas. A 1-page business plan that helps you deconstruct your idea into its key attributes and assumptions. It replaces elaborate business plans with a single page business model that allows quickly assess its strengths and weaknesses.
A traction roadmap. This does for the financial forecast what the Lean Canvas does for the business plan, allowing you to quickly ballpark the potential of any idea. Giving you a realistic, actionable model that is easy to communicate, test and measure against with key milestone markers.
A 1-2 minute elevator pitch: A short video of yourself explaining the problem you are trying to solve, why it's a real problem, how you plan to/are solving it and why you believe you are the right founder to make this a successful startup. Watch this video for some guidance on how to do this.
Initial Team Meeting
Upon completion of the above deliverables, you’ll be invited to a 30-minute conversation with members of the Nova team. During which we’ll talk through your startup, your plans and the progress you’ve made to date. There’ll also be opportunity to ask any questions you may have about working with Nova, and to ask for specific advice related to your startup.
Interactive Webinars and Q&A sessions
Throughout the 6 week programme you’ll be invited to the interactive webinars detailed below. We also run weekly Q&A sessions with key Nova team members in our facebook group Startups: Founded, Funded & Scaled.
Demo Days and Deal Formation
Our programme culminates with our Demo Days which will take place mid-February (exact times/dates tbc). Here founders/teams will be invited to deliver a 15 minute pitch plus engaging in a further 15 minutes of Q&A with our investment committee.
Finalists from the Demo Days will then be engaged in a round of discussions with us to agree and confirm our plans to work together, with investment decisions happening in the following weeks.
If you’d like to join our January cohort, please register here. If you have any questions drop them in the comments below and we’ll be happy to answer.