Accelerator Programme
Circular Cities ClimAccelerator has a dual purpose: it aims to build capacity for both start-ups and cities. Much of the capacity building will happen in parallel, but there are key touchpoints in the programme where both groups interact and explore opportunities for collaboration.
Our goals
- Start-ups will learn more about cities / potential buyers’ challenges and align their solutions to meaningfully solve these challenges
- Cities / potential buyers will explore opportunities to pilot solutions and enable start-ups to create a viable sales pipeline
Programme Phases
The evaluation process comprises two phases:
- Reading jury: Assessment of your start-up documentation
- Video Pitch: only shortlisted startups will be invited to share a pre-recorded 5-min video pitch via a private link that will be assessed by our jury members. We will provide more information about our jury members in due course.
25 companies selected to participate in Stage 1
Stage 1: Business Fundamentals
We will help businesses translate circular inventions and innovations into viable business models and business plans.
Modules:
- Business Fundamentals 1: Explore the Founder’s Dream and Learn the art of the Deal
- Business Fundamental 2: Models for a Circular Economy; non-linear thinking guided by circular metrics
- Business Fundamentals 3: The Market – Segmentation and establishing beachheads.
- Business Fundamentals 4: Financials and Value Drivers
- Business fundamentals 5: Talking to your customers, building your pitch
- Check-in Clinic: Q&A on business fundamentals; review process to join stage 2
The evaluation process comprises two phases:
- SFEA agreement: a pre-condition of participation on Stage 2 is the need to accept the terms of EIT Climate KIC’s Service-for-Equity Agreement (SFEA), whereby start-ups agree to EIT Climate KIC taking a small equity position in their business. More details on the SFEA will be provided before the commencement of Stage 2.
- Video Pitch: After an interim commercial evaluation, based upon a video pitch with clear outputs, up to 15 companies will be invited to participate on Stage 2
Stage 2: Business Validation
Businesses will learn how to translate business plans into concrete value propositions. Validated business models will accelerate market-readiness of products/ services/solutions.
Modules:
- Clinic Check-In
- Sustainability Toolkit and Analysis
- Enterprise Sales
- Cities to present their challenges
- Legal/Governance/IP
- Pitch Preparation
- Climate Impact Forecasting by EIT Climate-KIC
- Clinic Q&A
- Additional events, mentoring sessions and pitching opportunities will be included over the course of this phase to facilitate the collaboration between start-ups and partners (cities, investors, etc.)
As with the conclusion of previous stages, another interim commercial evaluation, based upon a video pitch with clear outputs, will take place.
A maximum of 10 companies will be invited to participate on the programme’s final phase, Stage 3
Stage 3: Investment Readiness
This stage will enable businesses to translate validated business models into first transactions with new customers/ beneficiaries and/ or investors. Start-ups will pursue market entry with core product/service in beachhead markets and achieve a meaningful number of commercial transactions that validate the core value proposition and/ or attract capital to position them to scale in the near future.
Modules:
- Clinic Check-In
- Assessing Customer Acquisition Strategy
- Financials – Investor Readiness
- Communications and Brand Awareness
- Meet the Cities
- Strategic Partnerships
- Pitch Practice
- Demo Day
- Additional events, mentoring sessions and pitching opportunities will be included over the course of this phase to facilitate the collaboration between start-ups and partners (cities, investors, etc.)
Start-up programme includes two morning sessions per week. Start-ups expected to be represented at all sessions.