The selection criteria to assess and select the applicants are the following and each of them has the same weight.
Growth Vision
The team demonstrates a clear internal vision for the long-term growth of their business or concept. This includes well-defined goals, ambition for scale or impact, a strong understanding of their industry and target market, and some thinking around investment or other funding pathways to create sustainable growth over time. The judges will be looking to feel confident that the applicant can make effective use of the accelerator and will take value in the activities available to meet their own business goals.
Growth Potential
The application should clearly demonstrate that the external demand for the organisation’s product or solution. It should show that the solution holds strong market value, that there is interest from the target audience, and there is potential to scale. The judges will be looking to feel confident that the investment of £15,000 into the organisation is worthwhile and will contribute towards a validated growth trajectory.
Team Commitment
The team should demonstrate that they can dedicate adequate time and resources to fully engage with and complete the Business Growth Accelerator. This includes showing team capacity, clear roles, and a commitment to prioritizing the programme alongside other responsibilities. The judges will be looking to feel confident that the applicant can dedicate adequate time to the programme to gain the most benefit.
Please note that the team must engage in a minimum of 20 hours of the accelerator over the 10-week programme, which can include participation in the accelerator activities and the work assigned by activity leads to do outside of the sessions.
Technology and Commercial Readiness Level (at or above TRL 3 and CRL 3-6)
The team describes the current stage of development of their solution, service, or experience from both a technical and market perspective. They should demonstrate how their technology and business model are positioned to support their growth vision, including any validation, traction, or readiness for scaling and early adoption. The applicant will be required to present evidence that the technology that underpins the solution has been developed has been validated in a lab environment, and is has been commercially validated through direct engagement with customers and receipt of feedback. The judges will be looking to feel confident that the company applying can make optimal use of the accelerator’s activities to push them along their growth trajectory.
Please refer to our Technology and Commercial Readiness Level app and self-assess the current stage of your service or solution.
Please note, we will also include a Diversity and Inclusion survey in the application form. If you have any questions regarding this survey, please don’t hesitate to contact one of our team.