EnvolveXL: Investing in the innovation ecosystem by supporting 100 startups over the next 5 years
Less than a month left to apply to the new acceleration program young and innovators enterprises, EnvolveXL, Envolve Entrepreneurship (https://envolveglobal.org). Interested can submit their business proposals until Friday, February 9 at https://envolveglobal.org/envolveXL/apply. For the next five years, EnvolveXL will offer a targeted acceleration program, supporting the evolution of 100 startup companies in total. Annually, it will support 20 companies, while at the same time investing a total of up to 265,000 euros, in the five leading companies.
The EnvolveXL Program
Evolve Entrepreneurship’s accelerator program, EnvolveXL, consists of four stages:
- validation of the business idea or service/product (product validation)
- finalization of the business model (business validation)
- validation of the commercial model and the market (market validation)
- achieving investment readiness
Condition for participation in the program, as well as permanent access to Envolve’s support network, is to contribute to the program and, by extension, to the ecosystem, offering up to 1% of the company’s shares. EnvolveXL also offers early-stage investment opportunities to select groups through its Investing for Good approach.
Specifically, each year the investments include 65,000 euros for micro-investments in the five best startups that will emerge. Also, up to 200,000 euros will be invested in up to three companies from the top five of each cycle of the acceleration program, in order to support their development worldwide. With this approach, EnvolveXL will offer teams significant support to enter a growth stage, network in international markets and attract investors. The potential goodwill resulting from capital invested in successful startups will be utilized by Envolve to enhance its work and ecosystem impact.
The EnvolveXL application deadline is February 9, 2024. At the same time, the Envolve team is organizing two online meetings (Info Days), providing clarifications about the program, as well as guidance for the application submission process, while those interested can reserve their place to participate at the following link: https://envolveglobal.org/envolveXL-info-day/.
The program, carried out with the funding and support of Libra Philanthropies (https://libraphilanthropies.org/), has as its ultimate goal the transformation of the Greek economy into an international model of innovation. The 20 participating teams will be announced in March. For more information about the new Envolve program, support stages, benefits and eligibility, please visit the following link: https://envolveglobal.org/envolveXL.
In addition, the Envolve team has brought back the monthly meeting of the Greek startup ecosystem, START your night UP, on Wednesday, January 10 at 18:00, at Malt n’ Jazz, Proxenou Koromilas 1, Thessaloniki.
START your night UP will continue its meetings in Athens on Wednesday, February 7th and then on the first Wednesday of every month. Information about the next networking meetups at https://www.meetup.com/athens-entrepreneur-networking-meetup-group.