The Future of Work Studio-Accelerator.
Work as we know it is rapidly evolving. The COVID-19 pandemic was a major catalyst for this change, but disruption in the workplace has been a long time coming.
At Untapped, we firmly believe the New Future of Work is in redefining what, where, and how we get work done, and why we do it in the first place - is it our life purpose? Are we leveraging our superpowers? Are we using the latest productivity tools? Can we easily reskill? How is well-being? This is our definition of the New Future of Work.
This is a 9-month intensive program for founders passionate about disrupting work environments, designing new models of work, developing new tools for enhanced productivity, and bringing wellbeing into the workplace.
If you're an experienced entrepreneur with a bold new idea aimed at changing the "traditional work experience" and you are ready to commit to this hands-on venture building journey- we want you to apply!
Access to Investment
1-to-1 Startup Coaching:
Phase 1: Launch
4 Months - March to June 2021
If you enter the program as a solo-founder, this is where you will be introduced to potential co-founders. Think of it as cofounder speed dating. At the end of this period, you'll have built your A-team and will be ready to roll.
Everyone has great ideas, but each team can only choose one. This period is where you'll get clear on what problem you're solving, why it's a problem worth solving, and develop a potential solution to solve that problem.
This is the Problem/Solution Fit stage: It's your time to experiment, talk to customers, build a demo, and test your product and see if you can pre-sell $10K ARR. You will iterate as you go and the Untapped studio team will help you to make your first set of sales. The Leanstack playbooks (our startup curriculum) along with your expert startup coach will be there to teach you everything you need to know.
Phase 2: Growth
5 Months - July to November 2021
At this stage, you should have validated a problem worth solving, ideated a solution, and developed clarity on MVP 1.0. To get into the Growth phase, you and your team will pitch our investment committee to get funding. Untapped is prepared to invest in the most promising startup teams and ideas and those who gain investment will move on in the program.
This is where our team helps your team build, launch, and scale. During this MVP-Customer Fit phase you'll develop your financial and business models, build your product, test it out in the market, and get sales. As initial customers are delighted and referenceable, you'll work on acquiring more customers. Using our proven system, expertise, and connections, we will help you move from $10K ARR to $100K ARR quickly becoming worthy a favorable seed financing round.
This is the big day! You've worked hard over the last 8-months and it's time to show the world what you've built. You can expect dozens of early-stage investors to attend as well as media, sponsors, our team, and our partners. This is your chance to secure seed-funding and grow a venture scale company. Note: Virtual or in-person TBD due to COVID.
Who Should Apply:
Here's who we're really looking for...
Entrepreneurs with a previous exit ready to do it again with the help of a startup studio
Business Cofounder whose gone out and gotten clear market validation on a very compelling Idea
Technical Cofounder whose come up with a brilliant solution to a big problem, likely hacked out an MVP already
Venture-backed startup exec who left their full-time job to take a shot - you're time has come!
Rockstar startup team with 2 to 4 cofounders with complementary superpowers and an early product
Clear idea of a specific problem to solve for a target customer market
Strong venture-backed startup experience
Proven and demonstrated business results
Deep domain experience in your selected problem space
Entrepreneurial DNA - hungry, motivated, and driven to succeed
Committed to a 9-month program
Excited to put in ~40 hours per week building your business (minimum 20+ hours per week)
A Word from our Partner, the City of Burbank...
The City of Burbank Economic Development is proud to partner with Untapped Ventures to sponsor the Future of Work Studio Accelerator, spurring innovation and collaboration in Burbank and beyond.
Burbank is the Media Capital of the World championing the entrepreneurial spirit and supporting programs that nurture and inform the next generation of business talent. From strong demographics, to a high quality of life, and a thriving business community, Burbank offers you an unparalleled competitive advantage.
Burbank’s inspiring entrepreneurial programs like Burbank Tech Talk meet-ups and Startup Pitch Fests provide opportunities to learn collaborate and grow as an entrepreneur. The City also offers an entrepreneurial ecosystem with flex-creative workspace, co-tenancy with major corporations, access to several co-working spaces, a dedicated High Speed Fiber Optics Network and a competitive tax structure with no City Income Tax and no Gross Sales Receipt Tax. Co-locate your business with Disney, Warner Bros. Entertainment, Nickelodeon, Cartoon Network, ABC, Netflix Animation and hundreds of other industry leaders - be a part of a world class City! For more information, visit: https://econdevburbank.com/entrepreneurs/ or contact the team at 818-238-5180 or email@example.com!
Do I need to move to Burbank? Where is the Accelerator located?
The Future of Work Accelerator is being run virtually. Due to the ongoing COVID-19 pandemic, we are not requiring founders to relocate to Burbank, CA. No in-person or on-site attendance is required. However, our hope is that by Demo Dsy in November we can have a big event in person with a live-stream, TBD.
When does the Accelerator program start and end?
Applications open on January 14, 2021. The program launches on March 1, 2021. Phase 1 (the "Launch Phase") runs through June 2021. Phase 2 (the "Growth Phase") runs July through October 2021. There will be a Demo Day in November 2021.
What is The Future of Work?
Anything that makes work easier or helps improve the well-being of employees. Some examples of "Future of Work" startups are Zoom, Slack, Salesforce, Asana, Zenefits, and Upwork. These ventures all enhanced our ability to work efficiently and/or changed the way work is engaged in. For specifics and details on what exactly we mean by the “Future of Work” please read our seminal investment thesis here.
Can I apply with an idea only?
All applicants must have a clear understanding of the problem they are trying to solve in the market. Naturally, when one recognizes a problem one thinks of the solution and this becomes the "idea" for your venture. While we expect you to have an idea, we are really looking for entrepreneurs who have taken action to validate the idea, build a prototype and get customers.
What if I have a full-time job?
We are looking for founders, 110% committed to solving an important Future of Work problem. A full-time job get in the way of that. If your plans are to quite your job to pursue entrepreneurship full-time then please apply.
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