AcceleratorThe Wick is a strategic consulting firm and accelerator based in Spain, focusing on business innovation and supporting startups through personalized guidance from business definition to daily operations and internationalization.
Forward Factory
Forward Factory is an accelerator based in Italy that supports startups developing digital innovations in the manufacturing sector. It aims to stimulate sustainable initiatives within the Italian manufacturing ecosystem through a structured program.
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Overview
Forward Factory is an accelerator dedicated to fostering startups that innovate within the manufacturing sector. Founded to enhance the Italian manufacturing ecosystem, it supports startups through a structured acceleration program designed to drive effective and sustainable initiatives.
Focus
Forward Factory invests in startups developing innovative digital technologies applicable to manufacturing processes. The six-month program covers essential aspects for startup success, including business idea development, strategy, product, and market fit.
Support
The program offers equity investment of €165,000 and follow-on investment opportunities for top-performing startups, alongside mentorship and support in business development.
Questions
What are the eligibility criteria for applying?
Startups must be in the pre-seed or seed stage and focus on digital innovations within the manufacturing sector. Founders should demonstrate a clear business idea and potential for growth.
How does the application process work?
Interested startups can apply through the Forward Factory website. The application involves submitting a detailed business plan and pitch deck for review by the selection committee.
What are the deal terms for accepted startups?
Accepted startups receive a €165,000 equity investment, with terms negotiated based on the startup's needs and potential. Follow-on investment opportunities are also available for top performers.
What is the format of the program?
The program lasts for 26 weeks and is primarily in-person, featuring workshops, mentorship sessions, and networking events. Startups will also participate in a demo day to showcase their progress.
What makes Forward Factory different from other accelerators?
Forward Factory specifically targets the manufacturing sector, providing tailored support and resources for startups focused on digital innovations. The accelerator's strong connections within the industry enhance the value of its mentorship and networking opportunities.
What are the success metrics for alumni?
Success is measured by the growth of alumni companies, including funding raised, market entry, and overall impact on the manufacturing sector. Notable alumni like ANIMA BLOCKCHAIN and MEDDLE highlight the accelerator's effectiveness in supporting startups.
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