Carbon13 Bursary
We recognise the lack of diversity in the entrepreneurship space and that not everyone has the same financial means. The goal of our bursary is to enable founders who, due to financial constraints, would otherwise be unable to participate fully in Phase 2 to join our programme. Climate change is affecting everybody and therefore we need all perspectives to develop appropriate solutions to its mitigation and how we respond to climate change through adaptation.
We have a limited number of bursaries and are reliant on your honesty to help make sure that only those who genuinely need support apply for support.
The bursary is only available for phase 2 and so individuals should also evaluate their ability to continue as a founder after pre-seed investment. This is a conversation we encourage every founder to have with their teams so they can assess what resources are required to support a dedicated team and how therefore to manage cashflow and funding needs. Of course the goal is to build a venture where your time and effort is rewarded financially over the longer term.
- Must have applied to Carbon13 as a founder and be accepted onto a venture builder programme
- Under-represented founders are encouraged. We recognise intersectionality amongst a range of characteristics which include age, gender, race, disability, sexual orientation, gender reassignment, religions and beliefs.
- Household income is insufficient to cover typical household outgoings because of commitments to phase 2
- Lack of alternative income or savings to address short term financial losses
- Permission to work in a country where ventures are expected to incorporate which includes UK and Germany. For other jurisdictions please speak to the team.…(Carbon13 cannot be responsible for securing your visa…)
- Individuals must be of financial fitness as is required to be a director of a business….no prior fraud etc.
- You are not eligible for other entrepreneurship support schemes
The application process:
- Submit a personal statement about why you believe you should be considered for a bursary
- Include additional information on your financial circumstances
- We also include information on a range of characteristics so that we can evaluate how bursaries help to improve diversity in entrepreneurship. We will never attribute these characteristics to specific individuals without their permission.
We may ask you for additional evidence of your financial situation. This could include evidence of household income e.g. tax returns, P60s, bank statements etc. We may also ask to speak to you to understand your situation better.
When will I find out if I have been awarded a bursary?
Phase 1 is designed so you can have Carbon13 alongside your other activities. After one month in Phase 1 we expect you will want to make some arrangements on how you more fully commit to Phase 2.
- Bursary applications must be submitted by October 23rd at midnight (early applications will be reviewed at the same time as later applications)
- The bursary amount will be disclosed during the interviews
- You will be notified about the status of your bursary application in November
How will the bursary be paid?
If you are awarded a bursary you will be asked for your personal bank details. The bursary will be paid in two instalments – the first at the start of Phase 2, the second a month before the investment pitches.
We reserve the right to withdraw an applicant from our bursary scheme if they do not successfully complete Phase 1 or receive approval from Carbon13 for their team to progress to Phase 2.
We reserve the right to withhold the second half of the payment if someone leaves the programme, breaks our code of conduct, is not in a team that is not intending to pitch at the investment advisory committee.
The Bursary Application Form will automatically appear below if you are a member of an eligible group.
If you feel you meet the eligibility criteria and cannot see the application form or have any other questions, please contact bursary@carbonthirteen.com.