Frequently asked questions

What and when is the next Initiator fund?

In the winter of 2024, we will be accepting applications for our student fund, with investment cheques between £10k-£100k. Before then, we are hosting numerous events, workshops and acceleration programmes. Stay tuned via our social media and opportunities section!

Who can apply?

Depends on the advertised programme or event, as each may have its own criteria. Generally, we accept anyone with a current student status (undergads, master students, PHDs, everything in between) or who have graduated in the past 24 months. We recruit a vast majority of our entrepreneurs in our partner universities in the the UK, but we are open to any other place in Europe. We have a strong preference for people with no after graduation work commitments.

Note: Only one of the founders must fit within this criteria

What are the selection criteria?

Again, depends on the programme and on a case by case basis. Our team work hard to identify the best of the best in every field. Some events, for example may be at a limited capacity and hand picked, while others not. For our winter fund, we will be keen to hear from founders with rigorous research on their idea, demonstrated in the form of a pitch deck. Any additional resources specific to your idea/advantageous to the demonstration of the idea is recommended, such as a business plan. Some early traction or proof of concept, or having participated in an incubator/accelerator could also be an advantage.

Can I apply without a team?

We are looking for great talent. We can help you meet potential co-founders from our carefully selected community.

Can I apply without ideas?

Not for the IVC winter fund! However, add yourself to our talent pool, enter our hackathon events and any future acceleration programmes. We would love to have you.

What are the dates of the programme?

We will accept applications annually for our fund starting winter. However all other programmes will have their shorter specified date and date of closure.

What mentor will I get?

We built a community of over 80 top-class mentors. They are all accomplished entrepreneurs or early-stage investors and many of them are unicorn founders. Once accepted, you will have access to the complete list, office hours are available with the mentors that want to back you. They will then be a genuine part of your team!

What are the terms?

Depends on the investment size and deal. In exchange for a set amount of investment, we will invest in the form of a SAFE. Additionally, we will provide you access to our community, mentoring, hands on operators who will help your team, and professional resources.

What do you mean by “hands on” startup operators?

Now we are talking. Our operator network sets us apart, as our portfolio companies will have access to talent that can jump on and support specific operations. Think of them as extra hands on deck for anything you need. The benefits are bi-directional - as the operators also get to learn, support future unicorns, and impact new industries.