insider brief
- Boost VC’s new program aims to foster a new wave of founders building deep tech companies.
- The FOUNDER START program invests $50,000 per month in one team to help found a new deep tech company.
- This program is designed to attract those seeking not only capital but also a committed first partner.
Boost VC has announced a program aimed at supporting a new wave of founders building deep tech companies, and is backing them with $50,000 checks.
Boost VC said its FOUNDER START program invests $50,000 per month in one team to launch new deep tech companies.
The Boost VC team says the program is inspired by the critical need for early-stage funding to launch deep tech ideas across a variety of sectors.
The terms of the program are simple: a $50,000 investment is made in exchange for company stock, with a valuation cap set at $2 million SAF (Simple Agreement for Future Equity). This initiative not only lowers the barrier to entry for aspiring deep tech entrepreneurs, but also promises a quick response, with him promising to respond within a week from the submission of a proposal.
The team wrote in a blog post: “At Boost VC, we believe there are thousands of startups each year that need initial checks to get started, whether they are fresh out of college or a fifth-time founder, but sometimes they just want it. “Otherwise, you need to invest $500,000!” ”
According to the post, there are no regulations regarding the origin or business experience of these innovators. The program caters to a wide group of candidates, including those incubating ideas while working elsewhere, individuals in academia keen to apply their research, or early stage founders looking for their first backers. It is intended for.
Importantly, the team believes it’s about more than just money. Deep tech entrepreneurs often face friction as they move from idea to execution, but this program provides them with not only capital but also a dedicated first partner to guide them on their entrepreneurial journey. It’s designed to attract the people you want.
Applying for the program is streamlined and user-friendly, requiring only the submission of a simple form followed by a 30-minute meeting with the Boost VC team, leading to a quick investment decision.
Ultimately, Boost VC hopes that the program will not only fund the next generation of deep tech ventures, but also create an ecosystem of founders that can tackle some of the most difficult and impactful problems facing the world. We hope to actively support the expansion of
In addition to this quick $50,000 investment option, Boost VC will lead pre-seed rounds and invest up to $500,000 in startups raising $2 million or less. This dual approach underscores Boost VC’s commitment to nurturing the growth of deep tech companies from the earliest stages.