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 ~£25,000 (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).
Just send us your pitch deck (10 slides max + appendix)
Here you have our recommended structure for your pitch deck:
Problem: what is the issue you are addressing and why it is valuable to your potential customers.
Solution: how is your concept solving the market problem.
Product description: the core differentiating features of your product concept.
Team: your team brief bios and why you are best positioned to deliver your solution (win the market, build the MVP, …)
Market: addressable market sizing and key trends
Competition: who are the competitors and how you are positioned against them
Why Now: why you believe there is momentum, right now, for your solution
Business Model: How your business idea will generate revenue and profit and what could be the unit economics [For non-profit long-term business sustainability]
Key Milestones and Way Forward: your achievements to date, your plan for the future, and your funding status
Your Plan for Booster: how you are planning to use grants and in-kind donations you could receive from Booster [see the website for details on prizes
Applications open: 8th of April 2021
Applications close: 30th of April 2021
Get invited: 5-10 teams will be selected for the pitch night by 23rd of May 2021
Pitch night: 9th of June 2021
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:
AWS: access to $5,000 in AWS service credits and $1,350 in premium customer support credits - Our new entry for the Summer Cohort!
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
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.
Get to Know Us
For questions, doubts or to learn more, please reach out and join the Telegram group or email us!
We are more than happy to help!