Seed Haus – open for second cohort
Seed Haus, the Scottish pre-seed tech accelerator, are now accepting applications for their second cohort. If you’re interested you have until 30th December to apply for £30,000 of equity investment from Scotland's top-tier tech investors.
Who are Seed Haus?
Calum Forsyth, CEO, and Robin Knox, Chairman founded Seed Haus after identifying a gap in the startup support system. They decided to create the only incubator in Scotland which provides entrepreneurs with start-up capital as part of the package. On top of office space and the capital the pair also designed a solution that provides mentoring, peer meet-ups and investor sessions.
The first cohort launch early 2017 with 5 of the most exciting start-ups in Scotland: Drinkly, Kindaba, Sansible Wearables, Security CTRL, and Taka.
The selection process
Out of all the applications, 5 startups will be selected and offered a place in the programme. Seed Haus is working with renown partners: Alistair Forbes, James Watt of BrewDog, Gavin Dutch, Paul Walton, Judy Wilson, Rob Dobson, Paddy Burns, Chris van der Kuyl, Paul Davidson, and Sir Tom Hunter.
Calum Forsyth declared: "Our deal terms are incredibly founder friendly. The founders backed in cohort 1 were originally looking to raise around £100,000 with very little traction. Based on the current investment climate in Scotland, that would have meant selling a big part of their business, at a formative stage, hampering future growth and fundraising. Pleasingly, they saw the value in aligning with Seed Haus which allows them to hold on to a greater portion of equity and lay the foundations for a truly scalable business”.
Who can apply?
Most entrepreneurs can apply but Seed Haus is most interested in people with domain expertise. Seed Haus provide investments which allow entrepreneurs to cover their living costs. It therefore removes some of the risks that could have stopped some entrepreneurs making the leap. Transitioning from full-time work to entrepreneurship can be hard, Seed Haus take some of the fear away.