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DesignSpark Accelerate Goal: Funding

Practice & perfect your pitch to attract new investors

Goal 5 Logo

Acceptance into the Accelerate program will guarantee you up to $50,000 of in-kind funding. Not sure what in-kind funding means? Think of it as “you tell us what you need, and we’ll purchase it for you until our credit card bill reaches $50,000.”

If reaching any of the previous goals requires funding that you may not have, that’s where we come in. We’ll purchase parts, professional development hours, marketing material, and much more- all on our dime! We do not ask for anything in return. Your success and growth after leaving the Accelerate program is an investment we’re willing to make.

On top of providing internal funding from Accelerate, we’ll also prepare you for pitching to outside funds if you wish. Part of the material you’ll leave with is a pitch deck, and lots of pitch practice. Startups typically come with either natural presenters or presentation deck builders. Part of this goal is that you leave as both!

The Timeline

18th November 2022 - Accelerate Application Opens 

31st December 2022 – Accelerate Application Closes

January & February 2023 – Candidate selection process including virtual interviews

End February – Top candidates selected & informed of admittance into Accelerate

March 2023 & March – Accelerate Program and Onboarding Launch

March 2024 – Accelerate Program Concludes

What are the 5 goals of the program?

The goals listed below are to be baselined and tracked throughout a start-up’s journey, as a participant of RS DesignSpark Accelerate. Goals can be catered to individual start-up’s needs and current progress.

Goal 1 in the Program

Goal 2 in the Program

Goal 3 in the Program

Goal 4

Goal 5 in the Program

DesignSpark is your go-to engineering design platform from RS Components, providing free CAD software, online resources, and design support. Our flagship CAD software includes DesignSpark PCB, DesignSpark Mechanical and DesignSpark Electrical. Join our community at https://www.rs-online.com/designspark/register
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