What does the startup receive if admitted to the Acceleration Programme?
The startup will know that it is admitted to the Acceleration Programme following selection by Leonardo and at the time its admission is agreed with Leonardo.
The startups admitted to the Acceleration Programme will receive:
€ 50k in cash;
€ 50k in services as described under point 2. of this section.
The possibility to receive a post-Programme investment from Leonardo of up to € 500k* (see question 3. for details)
*up to 2 startups will access the post-Programme investment. The startups possibly receiving the post-Programme investment, will first be required to issue an advisory share to Leonardo for the Acceleration Programme.
Which services does the startup receive during the Acceleration Programme?
Each startup entering the Leonardo Accelerator will get:
A 5-month fully fledged Acceleration Programme aimed at suppor:ng your company to set-up, develop and/or test your product and make it grow;
Dedicated mentorship to enable startup enhancement in all key topics such as project management, growth strategy, product quality assurance, legal, HR, Communications, Financial Planning, Sales and others;
Specific workshops planned in accordance with the startups' development stage;
Specific technical education and mentorship provided by Leonardo business unit professionals;
A 5-month access to a co-working space in LVG Hub based in Roma Termini station;
Tech perks of up to € 2M (Cloud, payment systems, CRM, etc.).
What happens if the startup is selected at Demo Day?
After the successful completion of the Acceleration Programme, the startups will demonstrate their value proposition at the Demo Day where Leonardo will select the startups that will embark on a collaboration with Leonardo.
For the selected startups, in exchange for the 50K€ in cash and the services received as described under point 2. of this section, Leonardo will receive an advisory share between 4% and 10% of the capital of the startup to be negotiated at the beginning of the Acceleration Programme.
The selected startups will receive:
PoC within Leonardo;
Post-Programme investment from Leonardo of up to € 500k based on an agreed equity value for the startup, as this will be negotiated.
How is Intellectual Property (IP) regulated?
The Intellectual Property (IP) is held 100% by the startup even if a post-Programme investment will be made by Leonardo at the end of the acceleration program.
When does the Programme start?
Programme starts on May the 2nd 2022.
How long does it last?
5 months, divided into 10 sprints of 2 weeks each.
What’s a sprint?
It’s a 2-week timeframe in which the startup must grow its value through achieving measurable technical and business goals.
What’s a sprint goals?
In every sprint, the startup must set measurable technical and business goals and prove their achievement to the Acceleration Programme team.
The activities carried out during the Acceleration Programme will be at least:
Setup activites such as goal setting and high level planning definition;
Product optimisation/development and project management (Tech & Management);
Metrics building and traction on the market by solution validation on targeted market areas (Marketing & Sales);
Tech and Industry know-how development and potential integration in LDO solution;
What is the required commitment during the Programme?
During the Acceleration Programme, the startups have continuous access to the HUB, but the physical presence of each startup will be defined during the Selection phase based on:
Founders’ home address distance from the HUB
Startups registered office distance from the HUB
Are there any events to attend?
The team is required to physically participate in several Acceleration Programme events to present the project to a selected audience of advisors, corporates, and investors:
Programme kick-off (1 day)
Sneak Peeks (3 days)
Final pitching review (1 day)
Demo Day (1 day)
Testing and contacts with Leonardo’s Business Unit (14 days)
We highly suggest participating in the numerous events that take place in our offices.
I already have investors who invested/want to invest in the startup.
What should I do?
Show us your cap-table and we’ll understand if there is space for our investment too.
How can I apply to the Acceleration Programme?
On our website, you will find the “APPLY NOW” button with a link to the application form. The application is done on the F6S portal – the biggest Startup & Founder community.
What is the language of the application form?
Is there a minimum number of team members needed?
No, however, we suggest you have a team.
Must the whole team be dedicated full time to the startup during the Acceleration Programme?
Yes, the founders and the team members required for the startup development must be dedicated full time and physically follow the Programme in LVenture Group’s Hub in Rome.
Any other support founder, employee or collaborator, can work part-time and/or remotely.
Do you provide accommodation?
No, however, we have discounts in some hotels around the Hub.
Do I have to provide the startup’s business plan?
No, just a general presentation of the startup with the key figures that represent its business.
Does my startup need to be already incorporated?
The startup doesn’t need to be incorporated at the time of the application but we require it to be incorporated before entering the Acceleration Programme. This requirement will be discussed with Leonardo as appropriate.
I made the application, what are the next steps?
The selection process last 4 weeks and it’s made of 2 steps:
First step: some startups will be contacted for in-depth analysis with the Acceleration Team.
Second step: selected teams will receive our Terms & Conditions Sheet and upon its acceptance, they will participate in the Selection Day where the Selection Committee will make the final decision;
Selection Day: the selection event will culminate with the selection of the 10 startups participating in the Programme;
The Programme will start 3 weeks after the final selection.
My startup already has a product and clients. Does the Acceleration Programme make sense for me?
We've funded many startups like that. In fact, we especially like them and now, unless you are doing something spectacular, there is no way to get on to our Programme unless you have some kind of market validation.
Hence, the Acceleration Programme make sense for Startups (already present on the market) that:
want to leverage on the expertise, assets and know-how of Leonardo to boost their growth;
Have the ambition to establish a long-lasting technological and/or business relationship with Leonardo.
Will I need to sign a Non-Disclosure Agreement (NDA)?
Yes, the Non-Disclosure Agreement will protect the exchange of information between Leonardo, your startup and the LVenture Group.
We want to protect the confidentiality of the information that will be disclosed during the Acceleration Programme because we value your business and we want to be the first in line to protect it. In addition, we will have the opportunity to share Leonardo company information and since you have access to it because you achieved a position in the top ranking, we require you not to disclose it to anyone else.
I have a great idea for a startup, but I'm not technical.
Will you still fund me?
The founding team needs to have the skills to build their product themselves, rather than outsourcing it to someone else. For most businesses, that usually means you need a technical co-founder.