The Structure of the Venture Builder
Carbon13’s Venture Builder is an eight month programme which you join as an individual entrepreneur. It proceeds through three phases:
Phase 1 – one month
Teaming—you seek to form an investable dream team with a fellow would-be entrepreneur. Technical founders should seek to work with commercially experienced founders, and vice versa. If you successfully form a team, then you proceed to Phase 2; if not, you leave the programme. During Phase 1, you are paid a stipend of £1000.
Phase 2 – three months
Ideation and Validation—your team seeks to develop a venture worthy of pre-seed investment, which also has the potential seriously to move the needle on CO2e emissions.
The milestones you aim for will depend on the nature of your venture—with the help of our core team, our subject matter experts, our entrepreneurs in residence and other members of our community, you will focus your efforts on the right priorities, including product or service development, building relationships with early customers and planning for scalability. During Phase 2, you are paid a stipend of £1000 a month.
At the end of Phase 2, your team pitches to our investment committee for pre-seed investment. If you are successful, your new venture will receive investment of a net £75,000 in return for share options and an Advance Subscription Agreement for shares to be allocated in your next fundraising round. Our ownership of part of your new venture makes us business partners, fully aligned in wanting to help you achieve the best outcome for your venture and the fulfilment of its potential to reduce CO2e emissions.
Our committee will review your progress and milestones achieved, your potential commercial viability, potential for scaling and for impact on CO2e emissions. Our plans are based on eight ventures per cohort receiving an investment and proceeding to Phase 3. For more details click here.
Phase 3 – four months
During Phase 3, you work to develop your venture further, creating evidence, traction and footprint, the keys to preparing it to be fit to receive future investment. Phase 3 ventures have Carbon13 as a fully aligned business partner—we and our network of Entrepreneurs in Residence, Domain Experts, enablers and corporate partners will do whatever it takes both to help you take full advantage of the rich Cambridge tech cluster and to prepare your venture for success beyond the Carbon13 programme.
Everyone who enters a Carbon13 programme is a member of our community for life, however they end up participating in our programmes. We believe the world needs scalable ventures to solve the climate crisis—but it takes a cluster of engaged, passionate people to make innovation happen, and we will welcome you to continue to engage with our activities, our invested companies and the solutions we generate.
Applications for the first cohort are open now.