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Venture+
Venture+ is a sector-agnostic acceleration program designed to fuel growth of the existing businesses with business coaching, mentorship, and potential financing.
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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:
![Path 1865](https://pk.accelerateprosperity.org/wp-content/uploads/2021/11/Path-1865.png)
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.
![Path 1865](https://pk.accelerateprosperity.org/wp-content/uploads/2021/11/Path-1865.png)
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.
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Instrument:
Patient debt
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Average Ticket Size:
20,000 USD
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Interest Rate:
Net 10-12%
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Terms:
Upto 7 Years
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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.