Dec 16, 2020, 4:30 PM
Online
 
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MISSION STATEMENT

The LBS Entrepreneurship Club, in conjunction with the London Business School's Institute of Innovation and Entrepreneurship, is committed to fostering entrepreneurship and nurturing the leaders of tomorrow who are passionate about making a positive impact in the world.


Booster was launched to bridge the gap in the ecosystem of entrepreneurial platforms that are already powered by LBS. We aim to grow the number of start-ups that are born out of LBS by providing stimulus to early-stage ventures founded by LBS students. We will be the catalyst for founders to launch ventures that would otherwise not be born.

 

ABOUT BOOSTER

Booster is an early-stage LBS venture competition intended to give founders the boost they need to take their ventures to the next level.  

Along with industry experts in venture capital, entrepreneurship, and tech, we will handpick the top ventures to participate in our Pitch Night. Pitch Night will give each finalist marketing exposure through our Booster audience and website as well as the opportunity to network with our high profile external judges.

Winners will take home a slice of the total prize valued at ~£20,000 (of which £14,000 is in cash) !

For more information on eligibility, application process, and details on prizes, please scroll on.

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APPLICATION DETAILS

Take your chance and apply today

VENTURE ELIGIBILITY CRITERIA


  • Founders must be current LBS students. LBS founders must have >50% majority stake collectively.

  • No previous equity funding round completed from institutional investors

  • No more than £25,000 revenue generated in the last 12 months

  • Founders not selected in a previous round can reapply

  • No geographical limitations

Note that grants are expected to be used towards the selected ventures. Funds will be released to incorporated companies without any special requirements. For unincorporated ventures, founder(s) must show proof of business account and/or proof of appropriate usage of funds (ie. receipts).

APPLICATION REQUIREMENTS

  • A pitch deck (10 slides max + appendix) with the following recommended structure

    1. Problem, 2. Solution, 3. Product description, 4. Team, 5. Why now, 6. Market, 7. Competition, 8. Business Model, 9. Indicative financials + key metrics, 10. Fundraising and use of proceeds

  • A short report (pdf) containing:

    • Executive summary (100 words max)

    • Founders’ bios (500 words max each) 

    • Macro market and industry analysis (1000 words max) covering 2 sections of the Mullin’s 7 domains framework

  • 90 seconds video containing a short elevator pitch (optional)

KEY DATES

  • Applications open: 9th of November 2020

  • Applications close: 25th of November 2020

  • Get invited: 10 teams will be selected for the pitchnight by 9th of December 2020

  • Pitchnight: 16th of December 2020

 

PRIZES

The successful startups from Pitch Night will benefit from the following prizes!

£3,000 IN CASH

22x Booster winners

The two Booster winners will each receive funds of £3,000 in cash. The winners are chosen by the jury of the Pitch Night.

IN-KIND DONATIONS

By partners

Each of the two Booster winners will receive in-kind donations from our partners, in addition to the £3,000 cash received. These include the following:

  • AWS: learn more here

  • Stripe: free payment offering for the first £35K of transactions

  • Xero: 24 month free login to accounting platform

  • HubSpot: 90% discount on their CRM and Marketing suite

  • Microsoft for Startups: learn more here

£1,000 IN CASH

People's choice

The people's choice team will be granted £1,000 in cash. This team will be voted by the audience live on Pitch Night.

 

WITH THANKS TO

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INSTITUTE OF INNOVATION AND ENTREPRENEURSHIP

The Institute of Innovation and Entrepreneurship at LBS has a profound impact on the way the world does business and the way business impacts the world, by inspiring innovators and entrepreneurs and equipping them with the expertise and insight to drive growth.

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ENTREPRENEURSHIP CLUB

Booster is powered by the student-run London Business School Entrepreneurship club. It develops innovative programs and content to enhance entrepreneurial knowledge in the LBS community.

 
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TEAM

Get to Know Us

 

FILIPPO TAMBURINI

ANDREA LISI

XINXIN ZHANG

ALEXANDRA REINERT

ANDREA BRUSONI

YUMI TSUDA

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CONTACT

For questions, doubts or to learn more, please reach out and join the Telegram group!

We are more than happy to help!

Telegram group: https://t.me/joinchat/Rlkukk3aFUrJjASe6Zpglw

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©2020 by Booster.