Venture+
Venture+ is a sector-agnostic acceleration program designed to fuel growth of the existing businesses with business coaching, mentorship, and potential financing.
Who Is This Program For?
Businesses that bring new and innovative business models to the table, delivering valuable, scalable, and tech-driven solutions with the potential to drive positive economic and social change.
You are eligible to apply if you fall under one of the following segments:
Producers:
● Launch: Startups and early stage businesses with a Minimum Viable Product (MVP), a service/product, that has gone through the first customer test, preferably with some revenue streams.
Adopters:
● Existing providers with revenue streams who are looking to adopt a new or an existing technology or innovation within their operations.
Key Components of Venture+
Patient Debt Financing
Financing
Select businesses who complete the incubation program successfully pitch for APs financing.
Instrument:
Patient debt
Average Ticket Size:
20,000 USD
Interest Rate:
Net 10-12%
Terms:
Upto 7 Years
Other Requirements:
Flexible Collateral Options
The Complete Journey of an Entrepreneur
Selection Criteria
Business Criteria
- A unique and innovative business model with potential for causing or contributing to a transformative effect in the health sector, specifically in terms of improving quality of services, increasing access, convenience and/ or affordability.
- A clear market niche, sound target market and customer base.
- Realistic competitive advantage in terms of price, quality and easy/ large access.
- Strong revenue and profit models, potential for scalability and growth.
- Strong value chain effect.
- The business demonstrates positive environmental and sustainable development (impact) effect.
Personal Criteria
- Strong entrepreneurial traits, including (but not limited to) leadership qualities, risk taking, street smartness, ability to do more with less etc.
- Coachable team, including (but not limited to) openness to advisory, learn, ability and openness to constantlyiterate, adapt and evolve based on changing conditions, realities or assumptions etc.
- Past experience in doing business, or as an employee in a similar industry, or subject matter expertise relevant to the product/ service.
- Strong interest in the health sector and the idea/ business being proposed, with significant skin in the business.