How do I apply?
Applications for the Spring 2019 Accelerator are now closed. Please check back soon for information on the application process for the next intake.
What’s the vision of Resurgo Ventures?
Resurgo’s vision is to connect creativity, talents and resources from across the community to create a greater society together. This vision is rooted in the Christian tradition of social change. Resurgo Ventures is creating an ecosystem of entrepreneurs, experts and investors to build a generation of businesses that combine purpose and profit. Find out more over at About Us.
Can anybody apply to be part of the cohort?
We love working with people from all backgrounds, beliefs and walks of life. We’ll be operating from Christian principles (e.g. honesty, integrity, valuing relationship) – so if you’re happy working with these principles, we’d love to work with you!
What types of businesses can apply?
We’re looking for businesses that have social purpose at their heart, but we also want you to be profitable enough to ensure sustainable future growth.
If successful, will I receive funding from the Accelerator?
Funding is obviously a critical element for the success of your venture. Our initial programme envisioned providing £30,000 in equity to each start-up but this amount was both too much and too little. Too much if you decide at the end of the programme that your venture is not really viable (That is a success, not a failure!) and too little to do anything meaningful. The accelerator has been redesigned to give you flexibility. We provide you with all of the tools to build a great business but your passion and drive are the key ingredient. Our programme ends with pitch night and funding was made available for 6 out of 7 ventures on the programme.
Is there potential for further funding after the Accelerator?
Yes. Our goal is to help you make your venture a success and that means raising sufficient capital to achieve your business plan. As part of the Accelerator we equip your business with the necessary legal and tax structure to attract discerning investors who will also be supporters of your social mission. Immediately following pitch night 3 of our ventures accepted £30,000 in equity funding each which allowed them to apply for and secure important tax advantages that investors look for in a start-up. That investment was further increased to £60,000 each and we continue to assist these ventures in raising £100,000, £150,000 and £180,000 respectively. Through their maturation as part of the Accelerator programme there is high investor interest to fund each of these ventures and at this writing it appears likely that all three amounts will be raised in their entirety within four months of graduating from the programme.
Will I have access to mentors, networks and advisers to help grow my business?
Our broad network includes experienced entrepreneurs, professional services experts (i.e. accounting, legal, regulatory) and specialists in creative arts (i.e. marketing, media, design). They share a genuine interest in the positive development of businesses with a focus on social purpose.
What does the Accelerator cost?
Resurgo is focussed on community and relationship and it our intention to walk alongside the ventures on our programme. We ask for a 3% equity stake in your business, which aligns us with you as a founder and is important to potential investors as our financial reward is completely tied to your longer term success. Resurgo is a registered UK charity and any proceeds from our holdings in your venture will be reinvested in our charitable efforts.
What happens after the Accelerator?
Participants become permanent members of the ecosystem of innovators, supporters and investors for the next generation of entrepreneurs – and beyond! We’d love all our Accelerator alumni to consider reinvesting their own expertise and time for future cohorts too.
Will my travel expenses be covered?
Successful applicants will receive £2,500 at the start of the programme as an investment into their business and to help defray some of the costs you may incur while attending the programme. This money can be used at the discretion of the founders.
Do I need to live in London to apply?
No – and we’d love to have a cohort from around the UK! However, you do need to be able to travel easily into central London at least once a week for the duration of the programme.
Who is investing into my business?
Our network of social angel investors, who have a desire to see new ventures grow into sustainable, impactful businesses.
What is the weekly time commitment of the Accelerator?
We’ll be striking a balance of training and investing into you as entrepreneurs – while still giving you maximum time to work on your business! Assume around 2 days of Accelerator commitment per week.
Am I required to go full-time on my venture to be considered?
We believe that being committed full-time to your venture will enable you to have the best chance of flourishing. However, we understand that not everyone has this freedom – so will be open to flexible working arrangements that get the best out of your team.
Do you require a certain number of founders?
It’s your business! That said, we prefer to work with two to three-person teams, as we have found this size of team will get the most out of going through the Accelerator programme together.
Can I apply if I’ve already had investment or have been on another Accelerator programme?
We understand that being an entrepreneur is often a journey and that your current business may have transformed along the way. We evaluate opportunities in their current form and look to assist those people and businesses that we can benefit the most.