Qi3 Accelerator’s Bootcamp is now finished. The 2-day intensive programme provided professional guidance and hands-on experience for six HVM and Engineering companies – Omnisense, Inova Power, Zinir, Croft Engineering Services, Drop-Tech, and Vantage Power. The objective was to help teams become more attractive to investors through Qi3 Accelerator’s rigorous investment process, working with mentors and coaches in a series of workshops. We are grateful for the sponsorship received from Qi3, ideaSpace, Williams Powell, Harrison Clark, Synergy Energy and Wren Capital, and the support received from the Technology Strategy Board, NESTA, HVM Manufacturing Conference Series and f6s. Above all, we’re grateful for the time put in by all of the organisers, mentors, coaches and other people associated with the bootcamp.
Both Cambridge teams – Omnisense won the award for Best Company, and Drop-Tech was Most Improved Company.
Reflecting on the Bootcamp, Andy Thurman and David Bartlett from Omnisense tell us some of their thoughts: “The breadth of expertise on offer was exemplified in the short, sharp mentor group sessions in which different strategy elements could be tested and either discarded or refined into a more compelling whole. Special thanks are due to our coach Paul Anson for his enthusiastic and valued support, and patience. We very much enjoyed working with him. I believe it needed to be this intense. Thanks to all of you for putting so much effort into the organisation, and running of the bootcamp. It was worth it!”
“It was quite frankly the most intense but valuable investment-related event I have been to, and the quality and knowledge of the coaches and mentors were exemplary. I would strongly urge you to do it again next year (with the same weather!) if possible as I think there are numerous other startups in the manufacturing field that could benefit from this.”
- Alexander Schey and Toby Schulz, Vantage Power
“The accelerator bootcamp took our business model through a rapid prototyping process and helped us understand where we need to refocus to become investable.
In forty-eight hours of speed mentoring and targeted workshops we were able to access feedback and advice on our pitch and business model from a large number of successful, seasoned entrepreneurs, investors and professional advisers. The value of their expertise over two days is more than we could have hoped to access in any other extended programme.”
- Ian Goodyear and Tracy Nattall, ZinIR
“The Qi3 Accelerator High Value Manufacturing bootcamp was a great experience for everyone involved. It showed how top advice and coaching can add significant value in shaping business models, improving focus and inspiring entrepreneurs to go and do it! The opportunity to meet with other exciting UK manufacturing companies in the making plus those who have already done it shows the excellence of cutting edge UK engineering innovation.
We were very impressed with the Bootcamp. We thought the structure format and deliverables were brilliant. It has really helped us achieve a coherent message in our business development. We really believe your approach could really help companies in the manufacturing sector interface more successfully with potential investors.
This approach could help many companies outside the South East and it would be great to see this being developed as a UK wide scheme. Once again thanks for inviting Inova Power to take part.”
- Christian Bunke, Mark Nailis and David Wilkinson, Inova-Power
Qi3 Accelerator would like to thank the coaches and mentors for their hard work in making this experiment such an outstanding success. Now which will be the first to secure angel investment?
Qi3 Accelerator Partnership with ideaSpace Enterprise Accelerator Funding Programme
The year-long partnership programme with ideaSpace (http://www.ideaspace.cam.ac.uk/) Enterprise Accelerator has enabled Qi3 Accelerator to test its new model for hands-on business acceleration for high value manufacturing, engineering and instrumentation enterprises. The programme has enabled Qi3 Accelerator to ruggedise its evaluation process providing valuable support both to entrepreneurs and investors alike – entrepreneurs in understanding the gaps in their propositions, and for investors in understanding in which areas support should be concentrated. Over 50 companies have been supported over the year, receiving targeted feedback on their business based upon the Qi3 Accelerator Evaluation Metric.
Qi3 Accelerator has been selected as a partner by the ideaSpace Enterprise Accelerator, which is delivered by Cambridge University’s Institute for Manufacturing. The company was selected for one of four partnership awards from twenty applicants in this year’s programme.