A Scale-Up Accelerator for Post-Seed and Series A companies.
FORGE is the first global accelerator initiated from China and based in the UK.
We help startups scale-up their business, engineering and funding, in 40 cities inside China.
FORGE has been designed to invest in multiple investment rounds of a growing startup. Whether you're bootstrapped, seed- or already venture capital funded when we first meet, we'll help you grow your business, not only through our financial investment in you, but also the practical support and trust we communicate about you to other business partners and follow-on investors.
> FORGE I: The Scale-Up IoT Accelerator (Winter '18)
Our first programme has been created for Internet-of-Things startups. This term has been deliberately left loose, and includes: Artificial Intelligence, Data, Energy, CleanTech, Robotics, and of course Smart Hardware and similar environment-sensing or -repairing technologies.
We invest a net £40,000 in our startups, beginning the programme in Newcastle (UK), where they'll receive one-to-one coaching and engineering feedback on their IoT startup from Koobe (Foxconn's European affiliate), culminating in Demo Days in Newcastle and London.
This accelerator can will take 0.7% - 4.4% based on the stage of a startup at a valuation between 1.2M - 8M pre-money. Startups receive £40,000 net in cash out of a gross £55,000 investment.
Then in Phase 2 of the programme, we'll take them to 3 cities in China (Beijing, Shanghai and Shenzhen) for Chinese Demo Days and business opportunities, plus starting off production in Shenzhen. We'll also give our companies personal access to selling their products on the world's largest e-commerce store, Alibaba.
Applications close on 5 December. And they are assessed and accepted on a rolling basis: the earlier you apply the more likely you'll be accepted as there are more places available. Please submit your ideas as soon as possible so that a member of our team can get back to you right away.