PolkaBiz - Where founders forge investment-ready innovations.
A program from founders that helps new Polkadot founders build products that add value to the ecosystem and become investment-ready.
The Problem:
Thanks to the Polkadot Blockchain Academy, people gain the technical knowledge to build on Polkadot. However, more than technical knowledge is required to build a successful product on Polkadot. Founders must articulate their value proposition, get early product traction, discover product market fit, etc. These skills often need to be improved in most startup teams. PolkaBiz focuses on all the business aspects that founders need to know.
Our Solution:
As founders ourselves, we deeply understand the challenges and solitude that come with building a company. We personally relate to the hurdles you encounter, from securing funding to forging partnerships and scaling your business. Therefore, in close collaboration with the PBA, we will launch an initial test of the PolkaBiz program designed to prepare a select group of founders for “investment readiness” ahead of Polkadot Decoded in Brussels (July 2024).
During the investment night (July 11) organized by PolkaBiz, our participants will be significantly better equipped to engage investors with a polished elevator pitch. Leading up to the event, we will collaborate with founders to refine their pitch decks, fine-tune their lite-papers, and co-develop their business value propositions, ensuring they present their ideas in the most compelling way possible.
After this 5-month trial period, an evaluation will determine whether an initiative like PolkaBiz benefits founders within the Polkadot ecosystem. The community will then decide based on feedback from the founders, partners, and investors.
More information can be found in the Google Doc
Comments (17)
Do you consider this a kind of Polkadot Accelerator Program?
@danicuki
Christian and I debated looooong whether to call it an Accelerator or not :-) But it seems that, after this test phase and if the community responds positively, we indeed become a sort of business accelerator, always aiming for an Investor Night event to conclude the program. We anticipate hosting about 2 such events annually, each linked to a Polkadot event, like the current one in Brussels with Polkadot Decoded.
PolkaBiz will always be connected to business initiatives, such as lite papers, pitches, etc., and finally the introduction to investors. That's the goal, enabling us to collaborate with the current PBA, which primarily focuses on the technical aspect.
This seems like a nice, practical way to add value to aspiring founders in the Polkadot ecosystem, I support.