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.
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.
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).
A pitch deck (10 slides max + appendix) with the following recommended structure
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)
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
The successful startups from Pitch Night will benefit from the following prizes!
£3,000 IN CASH
2x 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.
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:
£1,000 IN CASH
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
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.
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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