RGU’s Startup Accelerator: Transform Your Idea with Training, Mentorship, and Funding

Learn how RGU’s Startup Accelerator Programme provides comprehensive training, expert mentorship, incubation space, and funding opportunities to turn your idea into a successful business.

Introduction to RGU’s Startup Accelerator

Embarking on the entrepreneurial journey can be both exhilarating and challenging. Recognizing the hurdles that early-stage innovators face, Robert Gordon University (RGU) has developed the Startup Accelerator Programme to provide aspiring entrepreneurs with the essential tools and resources needed to transform their ideas into viable businesses.

About the Programme

The RGU Startup Accelerator, now in its seventh year, is designed to support innovators at the nascent stages of their business journey. Whether you’re contemplating investing in your future, expanding your employability, or developing a startup idea, this programme offers a structured pathway to success.

Key Features

• Flexible Entrepreneurial Training: Over five months, participants engage in entrepreneurial training that accommodates their work and study commitments.
• Expert Mentorship: Gain insights from seasoned mentors who guide you through the intricacies of building a successful startup.
• Equity-Free Seed Funding: Access a minimum of £1,000 in equity-free funding, with opportunities to win additional prize funds up to £30,000.
• Incubation Space: Utilize free city-centre co-working office space at the ONE Tech Hub in Aberdeen, fostering a collaborative environment.
• Networking Opportunities: Promote your startup and pitch your ideas at the final Startup Showcase event, connecting with potential investors and partners.

Benefits of Joining the Accelerator

Participating in RGU’s Startup Accelerator comes with a multitude of benefits designed to accelerate your startup’s growth:

• Structured Skill Development: Engage in at least 16 structured sessions covering essential entrepreneurial skills during evenings and weekends.
• Financial Support: Receive equity-free funding to kickstart your business without relinquishing ownership stakes.
• Personalized Mentoring: Benefit from 10 hours of one-to-one mentoring tailored to your startup’s unique needs.
• Comprehensive Ecosystem Support: Leverage the entrepreneurial ecosystem of Aberdeen for additional resources and support.
• Advanced Communication Tools: Access and utilize cutting-edge communication tools and digital resources to streamline your business operations.
• Showcase Your Success: Present your startup at live events, gaining visibility and attracting potential investors.

Eligibility Criteria

RGU’s Startup Accelerator is inclusive, aiming to support a diverse range of entrepreneurs. To apply, your business must meet the following criteria:

• Location: Intend to set up in the UK, specifically Aberdeen, Scotland.
• Stage: Early-stage with plans to register an entity, such as a company or social enterprise, by the end of the programme.
• Investment Cap: Must not have raised more than £100,000 in investment or revenue.
• Commitment: At least one founder should be willing to work on the business full-time within twelve months after the programme concludes.

Additionally, the selection committee considers broader contexts, such as employment status or potential barriers, to ensure the programme is accessible to those who can benefit the most.

Programme Timeline

The Startup Accelerator programme runs from November to March, encompassing an intensive bootcamp weekend followed by multiple evening and weekend sessions. Participants are expected to attend all scheduled sessions and events to maximize the benefits of the programme. Specific dates for the next cohort will be confirmed upon acceptance.

Application Process

Deadline: 28 October 2024 at 23:59.

To apply for the Startup Accelerator 2025, submit your application through the RGU Business Innovation website. For any further information or assistance, reach out via email at innovation@rgu.ac.uk.

Application Guidance

When preparing your application, ensure you address the following factors:

• Understanding of the Problem: Clearly define the problem your startup aims to solve, supported by research or customer insights.
• Innovative Ideas: Present unique and scalable ideas that address real-world problems, demonstrating potential for growth beyond the local region.
• Market Potential: Provide evidence of a sizable target market with high earning potential, including competitor analysis.
• Business Model Testing: Showcase preliminary efforts to validate your business model through revenue generation, user acquisition, or prototype development.
• Strong Team Dynamics: Highlight the strengths of your entrepreneurial team, emphasizing creativity, ambition, and the ability to adapt based on feedback.

Success Stories

Previous participants of the RGU Startup Accelerator have achieved remarkable success, including raising over £1.6 million in economic impact, winning national awards, and launching thriving ventures. International students have also benefited, with support available for applying for the Innovator Founders Visa to establish their businesses in the UK.

Join the RGU Startup Accelerator Today

Empower your entrepreneurial dreams with RGU’s comprehensive Startup Accelerator Programme. Gain the training, mentorship, and funding you need to transform your innovative idea into a successful business venture.

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