We're looking for founders who have domain expertise, market knowledge and an idea in that market/domain. Drive to build and lead a business on long term is a must, as the founders will be the ones leading the whole process.
We're also opened to talk and partner with founders who already have a product and need funding or further development of the product.
Together with the founders, we will go through a period of customer discovery and validation, market research, business planning.
Goal: determine the business feasibility, get to problem-solution fit.
Timeframe: 2 months.
Prerequisite:
Expected results:
Seed For Tech will help the founders in achieving all these by working together (on a daily basis) and by commiting up to 3 000 euro to spend on the various needs regarding this phase.
In this phase we don't require a full-time focus. If a founder has already all these done we can go directly into phase 2.
The tech team will work on the product, under founders lead and vision, getting the support needed to launch and acquire first customers.
Goal: have a stable product, launch it and get to product-market fit.
Timeframe: 3 to 9 months.
Prerequisite, expected results mentioned in phase 1:
Expected results:
Besides the product team, Seed For Tech can also commit seed funding of up to 50 000 euros for activities in marketing, sales and business development areas.
The founder(s) will lead the team and the work in the new venture and this should be a top priority for them.
Under founders lead, the business is expanding on other markets. The focus is on marketing, sales, business partnerships, product improvement.
Goal: scale the business regionally or globally, be profitable.
Timeframe:1 to 3 years.
Prerequisite, expected results mentioned in phase 1:
Expected results:
Seed For Tech will support by facilitating connections with funds for growth or partners from our business network.
We value and take into consideration the idea, the domain expertise, the time & money invested prior by the founders. Our aim is to step in the role of a tech co-founder, with equity varying on the effort involved and milestones set. Besides this, initially or in a later on, we can provide seed funding for additional equity. The founders remain the decision makers, as they are the experts in the domain and they lead the business.