SCALE-X Blue Economy

 SCALE-X Blue Economy

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Apply here for Scale-X Blue Economy

DONEGAL DIASPORA!

Worldwide

However, you need to show a commitment to grow your business from Donegal.

What it is?

Scale-X Blue Economy is an exciting opportunity for Start-up entrepreneurs to accelerate the growth of their business. The programme focuses on giving you a deep understanding of the metrics that can drive your success, the skills to build financial models that stand up to investor scrutiny, and industry engagement and mentorship that give you valuable insights to adapt your business model to create the perfect fit.

Scale-X Blue Economy is an 11-week Accelerator Programme which is targeted at start up entrepreneurs with the potential for fast growth in the Blue Economy i.e. the Marine engineering, marine research, marine energy, value added fish processing sectors.


Who is eligible?

  • Any founder(s) with ambitions to grow their business globally.
  • Any founder(s) with the potential for fast growth in the marine engineering, marine research, marine energy or value added fish processing sectors
  • A potential spin-out from an existing firm or third level institution
  • A commitment to grow your business from Donegal, no matter where in the world you live right now.
  • The programme is open to residents of County Donegal or anyone that is part of the Donegal Diaspora within Ireland or worldwide. 

Selection

SCALE-X Blue Economy is seeking founders that have a unique insight into their industry, borne out of deep industry expertise or an evident passion for their idea, as well as solutions that solve a distinct customer problem.

We will select twelve teams to go with us on this journey. This will be based on the scale of ambition of the founder/s, the potential market size of your chosen field and, most importantly, the teams that we feel we can help the most. We will review every application and interview shortlisted candidates on a rolling basis, so apply early to give yourself the best possible chance to be accepted.

You must be available to participate on all programme days as outlined for Zoom sessions (Z) and in-person sessions (I-P)


Closing Deadline & Key Dates:

The closing date for applications is midday on the 26th of August.

Successful applicants will be informed on week commencing 4th September and the programme will kick off on Wednesday 14th September.


Programme Schedule

DATETHEMETOPICS
14th Sept (Z)Accelerator Launchpad: You get to know your course mates, learn the core principles of the lean startup methodology, and make a start on clearly defining the key elements of your opportunity. 
21st Sept (Z)De-Risk Your Venture: 

You learn a framework for identifying and prioritising the key risks related to your venture. You also learn a process for reducing risk through rapid cycles of test and learn.

28th Sept (Z)Customer Discovery: 

You learn a process for testing the riskiest parts your new venture.

5th Oct (Z)
Pitching your Venture: 

You learn a proven, effective pitching framework and strategies for crafting and delivering a compelling pitch. 

12th Oct (I-P) Making it Real & Tracking Progress (full day in-person): In this workshop you’ll learn how to apply MVP thinking to help reduce risk and build momentum.
19th Oct (Z) Achieving Product Market Fit: You’ll learn why product market fit is critical to success and learn a set of key indicators to help you determine if/when you’ve achieved product market fit.  
26th Oct (Z) Creating your Financial Model: You’ll learn the key elements required to create a simple financial model for your venture. 
2nd Nov (Z) Funding Your Venture:

You’ll learn how to identify your funding need and select which type of funding is most appropriate for your situation. 

9th Nov (Z) Building & Leading your Startup Team:You’ll explore the role of leadership in the startup environment and the job of a startup founder. 
16th Nov (Z) Pitch Practice:  You'll have the opportunity to practice your pitch and get expert and peer feedback.  
23rd Nov (I-P) Final Pitching Event (full day in-person ) 

A hosted celebratory event where you pitch to a panel of investors, industry experts and support agencies. 


Apply Online

Worldwide