The Z21 Innovation Fund is a collaboration between the Web Science Institute (WSI) at the University of Southampton and the Solent Local Enterprise Partnership (LEP). The mission of the Fund is to accelerate University of Southampton Web startups towards investment and rapid growth and create high-tech jobs in the Solent region.
The Z21 Innovation Fund is seeking applications from potential ventures to create a Minimum Viable Product (MVP), achieve product market fit, and gain traction with users. Applicants can apply for funding up to £6,300 for a 3-month MVP Project. At the end of this period, MVP Projects will present to the Z21 Grant and Investment Panel and will have the opportunity to apply for Pre-Seed funding up to £31,500. The award of an MVP grant does not guarantee progression to the Pre-Seed stage: progression is determined by the Grant and Investment Panel, based on the success of the MVP stage.
All successful projects will receive support from Future Worlds, a University of Southampton on-campus startup incubator which has a valuable external network of mentors, investors and experts. Future Worlds will offer acceleration, helping projects with value proposition, market product fit, and making introductions to mentors. This support will continue through the Pre-Seed stage with help to script, film and edit a professional pitch video. Pre-Seed Projects will be invited to a Demo Day to pitch to investors.
The closing date for applications is 5pm on Tuesday 14 May 2019. There will be further Calls in 2019.
We are only able to accept applications from students or staff studying or working at the University of Southampton. Note that students who have graduated may apply within one year of graduating.
Successful applicants will be notified on Monday 20 May and will be invited to attend an interview with the Z21 Grant and Investment Panel on Tuesday 21 May 2019. If there are particular times on Tuesday 21 May that you would not be able to attend for interview, please notify Susan Davies when submitting your application.
Funded MVP Projects will run from 1 July to 30 September 2019.
If you have any questions about the application, the stages of the Z21 Innovation Fund, the eligibility criteria, and the operating processes, please contact Ben Clark firstname.lastname@example.org
For more information about Z21, please visit the WSI website
Gain initial funding to develop your idea and benefit from £150,000 worth of support to accelerate your digital innovation
Funding: Stage one, MVP – £6,300 to develop a Minimum Viable Product (MVP), Stage two (subject to successfully completing stage one), £31,500 pre-seed funding to develop the startup
Matched University in-kind support: c.£37,000 value
Google cloud credits: up to £80,000
Opportunity for further partner benefits worth up to £1m
Future Worlds acceleration activity
− Mentoring on campus and a network of founders, executives and investors
− Startup video production
− Profile on the Future Worlds web platform
− Access to the Future Worlds Accelerator Space