Prague // 1st part – 2 – 4 November, 2nd part – 9 – 11November 2016
This Czech Republic Investment Preparedness Lab is a 6-day accelerator designed to help Czech Republic-based ventures understand the fundraising process and become ready to take on investment. A six-day programme that prepares for investment projects, which are at an advanced stage and already have a prototype and first users. The programme is intended for projects that deal with a social issue concerning education or active civil society in an innovative way. #ThreeTwoOne Let’s get investors is a continuation of the acceleration programme #ThreeTwoOne Workshop, which aims to help socially innovative projects prepare for investment. The Karel Janeček Foundation offers the opportunity to learn how to understand the process of seeking an investor or another type of funding.
Website #ThreeTwoOne Let’s get investors: www.nadacekj.cz/321
Projects in the implementation phase with a verified basic business model and a history of first sales.
The project concerns education and active civil society.
Scalability (with a view to having an impact on thousands of users).
An implementation team has been assembled.
The project aims for sustainable financing independent of once-off grants.
Fundraising can be a hard, confusing, and long process. How much money should I raise? What type of capital? Whom do I talk to and how do I build relationships with funders? What should I do in an investor meeting? How to I get the money into our bank account so I can get back to building my business? Having an answer to these questions often translates into successfully closing a round of funding. But the reality is that only a handful of entrepreneurs have a clear understanding of the process (and how long it takes) before they start fundraising. They get lost and without direction, they do not take the lead and closing a round becomes painful and time consuming.
The Lab & Curriculum
The Investment Preparedness Lab is designed to do one thing: help entrepreneurs be more prepared to raise funding. Entrepreneurs will:
Understand the steps of the investment process and what is needed to be prepared at each step.
Diagnose where a venture is in preparedness for those steps, build a full plan for how to get ready, and actively work to get more prepared.
Meet with actual funders to get feedback and practice building investor interest.
The curriculum of the Lab oscillates between in-classroom workshop time and tons of hands-on work time.
Starts with a brief orientation and workshop that demystifies the fundraising process, followed by an afternoon dedicated to starting to build a strategic plan.
Starts with building financial statements then learning about various types of capital. During the afternoon entrepreneurs will design a fundraising action plan.
Begins with a workshop on how to build powerful relationships with funders, followed by a pitch workshop. Then entrepreneurs will build a massive list of potential funders.
Capital Advisor day when experts in early stage funding will attend the Lab to work directly with and give feedback to the entrepreneurs.
Spent on deal negotiation, getting important due diligence materials together, and designing an action plan for the next three months.
By the end of Lab entrepreneurs will have something to show for their work. They will have:
- Learned what the fundraising process looks like from start to finish and the elements needed to succeed in raising funding
- Diagnosed how prepared (or unprepared) they on these various elements of funding preparedness, giving them a snapshot of where they are
- Actively worked on various elements to become more prepared to raise funding (for example: develop their financials, write a strategic plan, clarify their funding ask, develop their pitch materials)
- Created a list of at least 30 potential funders and learned quick research and outreach techniques to find and connect with even more when they leave
- Learned a methodology for how to build strong relationships with funders – relationships that get stronger over time which will help make their funding case stronger over time
- Completed funding readiness “reality checks” with 4 – 5 real funders and received real and honest feedback on their investment preparedness
- Designed a strategic plan to become funding ready and identified the tools to get there
- Drastically increased their confidence level about leading an investor meeting which will lead to far more productive meetings with future potential funders
This Lab will actively involve a diverse set of mentors. These mentors will be custom-selected after selecting the Lab ventures to assure mentors meet their needs. Interested in mentoring? Email Ondřej Zapletal.
CVCA, Albatros Media
FAQ’s & More About This Program
Application and Selection
The project concerns education and active civil society
Scalability (with a view to having an impact on thousands of users)
An implementation team has been assembled
The project aims for sustainable financing independent of once-off grants
- Preparing to take on capital in the next 6-12 months
- Have generated sales and have paying customers for their product or service
The Investment Preparedness Lab can serve entrepreneurs in the prototype/pilot stage, the early customer traction stage, and established customer traction stage.
1st day – Presentation of the programme (only evening)
2nd day – Creation of a strategic plan and setting milestones
3rd day – Types of funding and preparing an action plan for financing the project
4th day – How to establish a strong relationship with investors, how to find them, and how to present your project to them
5th day – Up to 10 investment mentors will devote themselves exclusively to you and your projects; they will offer you feedback
6th day – Negotiation, completion of due diligence materials, and an action plan for the following three months
Pipeline Partners are organizations that help us find the entrepreneurs. Like us, they support entrepreneurs doing good in the world. If you want to become a Pipeline Partner for this Lab, please Email Ondřej Zapletal.
Here’s who made this possible. The Karel Janeček Foundation
Email Tomáš Řemínek (director) to discuss sponsorship opportunities.
Here is the team that made this happen.