<img height="1" width="1" style="display:none" src="https://q.quora.com/_/ad/1103c3a45d2e46399d3d99b48950095f/pixel?tag=ViewContent&amp;noscript=1">

Nova Tech Startup Programme

Mentorship, investment and full business team to build and grow
your startup.

WHAT...

What to expect

  1. Firstly we mentor

    Founders receive mentoring through our online 'leanstack' programme. You will prove the validity of the problem, find users and develop a business plan to pitch to our investors.

  2. Secondly we explore

    We explore whether we are delivering desirable, feasible and viable solutions for the problem, through prototyping and real user feedback collected by the founder.

  3. Thirdly we validate

    Using continual feedback we evolve the prototype into a commercial product and work with the founder to validate a viable business plan and prove company growth.

  4. Finally we grow and scale

    Now we have the fundamentals of a startup and a proven business model our focus shifts to growing and then scaling the company.

What we offer

What we're
looking for

"Ambitious founders and teams at the pre-seed stage. Including solo-founders with just an idea; small teams with a prototype or MVP; or teams and established companies that are pre-significant funding or traction.

We're looking for people who are passionate about the problem they're trying to solve. We can then work alongside them, through our proven process, to accelerate their development into successful tech startups."

Andy Davidson

NOVA CEO

ANDY.png

FAQ's

How much time will I have to commit?

As with anything the more time you can put into the programme the better progress you will make. On average it takes founders around a week to complete the online Leanstack modules, with actual time spent being around 7-10 hours. At this point you will be invited to meet with the Nova team to discuss the outputs and agree next steps as you prepare to pitch for investment.

Is there any charge to join the programme?

No, the programme is completely free to join and participate in. At the end of the programme you will have the opportunity to pitch to our investment panel, if successful the investment received would be in exchange for equity. However this is completely optional, there is no contractual agreement to accept this and it is not a prerequisite to join.

Can I complete this around work commitments?

Yes the programme has been designed specifically for working entrepreneurs to fit around your existing commitments. The online learning via Leanstack can be completed at your convenience. Any webinars or group work sessions try to be scheduled outside of typical office hours, and sessions are always recorded and shared afterward if you can’t make it. 1-2-1 calls and feedback may need to happen within working hours, however our team is incredibly flexible and will do best to accommodate your needs.
Post investment, if successful we like founders to stay in their work (particularly if it’s related to your startups market) for the first 9 month period whilst we continue to validate your startup. At the end of this period we typically look to raise further investment at which point the business should be established enough to bring you full time into the business.

What are the key stages throughout the programme?

Pre Investment you will;

  • Complete the Leanstack online programme and submit 3 deliverables for review (traction roadmap, lean canvas and elevator pitch).
  • Have a 1-2-1 session with a member of the Nova team to review your business and advise your startups ‘venture readiness’ and next steps
  • Once assessed as venture ready, you’ll be invited to pitch for £300,000 investment.
  • Receive detailed feedback on the reason for or against investment. It’s possible that you’ll be asked to complete more evidence / validation gathering tasks, once completed, founders can come back and re-pitch.

Post Investment;

  • After a yes from our investment committee over the next couple of weeks our team will work with you on the completion of legals, investment paperwork and due diligence.
  • You are matched with a Nova product manager who will assemble your Nova startup team who will work with you to establish goals and the best use of the investment on Nova resource and cash spend.
  • You’ll work closely with the Nova team for an initial 3 x 3 month chunks of work. With check ins with the investment team at 3 monthly intervals to review progress against agreed milestones.
  • Pending a successful first 9 months of progress with milestones being achieved, we’ll provide follow on investment and continued team support as we continue to build and grow your startup.

Start your startup journey by applying for Nova Tech Startup Programme