Startupbootcamp is a global accelerator network and early-stage tech startup investor, headquartered in London. Startupbootcamp invests €15,000 in each program startup to cover living expenses and provides 6 months in supportive co-working space. The startups receive over €1,000,000 in deals from partners including Google, Paypal, AWS, and many others. The 3-month acceleration phase ends with Demo Day, where the startups meet over 500 investors, partners, and mentors during the final celebration.
From an exclusive interaction with The Tech Portal, we bring you some insights about the intensive program –
How it all started?
Startupbootcamp was founded in 2010 in Copenhagen with a mission to support ambitious global startups reach their growth potential through a tailored and hands-on program curriculum while providing with access to the most relevant connections in their industry.
It aggressively grew from a European accelerator to a Global one – having now run more than 40 programs in over 10 countries. Startupbootcamp currently has 15 programs in 10 cities across 3 continents and have invested in more than 350 startups from industries such as Transportation & Energy, E-Commerce, FinTech, Digital Health and IoT.
But what makes Startbootcamp unique?
Each of the programs conducted by Startupbootcamp, invests in a specific industry, allowing them to connect their portfolio companies with the most relevant mentors, corporate partners and investors in their space.
During the last 18 months, they have expanded the number of programs as well as added new industries to invest in.
Interestingly, they were also the first European accelerator to expand to the U.S.
Expanding To India & Supporting Indian Founders
Startupbootcamp is currently focusing on launching programs in a number of new markets – having announced their first India-based program last month.
For Startupbootcamp, India was an ideal market to expand to; not only because it’s the world’s fastest growing economy but they also had more applications from India than any other country where they did not have a program in.
With backing from leading banks including ICIC and RBL Bank, the Mumbai-based program focuses on financial technology (Fintech) and will accelerate 30 fintech startups in the next 3 years.
Of course, it’s also important to mention that they already have several Indian startups in their portfolio.
Skidos (Copenhagen Program), Creditseva (Singapore program), Scoot (Berlin program), and others have all been selected to take part in various Startupbootcamp programs around the world over the years.
Startupbootcamp’s Ideal Startups
When a program is open for applications, the team spends months to travel around the world to meet some of the most ambitious founders in that particular ecosystem. After four months, they then select the top 10 teams from hundreds of applications we receive.
“For us, the ideal startup is a one with an existing core team – at least two co-founders. We rarely invest in single founders as our programs are incredibly intense therefore a sole founder would not benefit from the opportunity”, said Andy Shannon, Global Head of Startupbootcamp, in an exclusive interaction with The Tech Portal
Furthermore, the company needs to have some sort of a working prototype or MVP. Startupbootcamp is surely not a place to feed ideas to entrepreneurs, but rather speed the growth, development and market readiness of their businesses.
On The Tech Portal’s visit to Startupbootcamp London HQ, we found some amazing startups that have come out of the accelerator program across the World. We are going to feature some of the most amazing ones very soon, so stay tuned to this space!