OneTech

OneTech is a London-based accelerator focused on supporting underrepresented tech founders, particularly from underserved communities. It provides resources, mentorship, and investment opportunities to help these entrepreneurs succeed.

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Official links

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WebsiteWebsite

Overview

OneTech is an organization focused on promoting diversity and inclusion within the startup ecosystem. It was founded to support underserved communities, providing them with the network, skills, and confidence necessary to start and sustain businesses. OneTech is based in London, UK.

Focus

OneTech invests in underserved entrepreneurs through various programs aimed at fostering entrepreneurship and employability. Their initiatives include the Amplify Venture program, which supports ambitious founders and business owners seeking to scale their businesses. The organization addresses issues such as gender inequality, lack of diversity, investment imbalance, and disability disparity within the tech industry.

Support

OneTech offers core support through events, direct coaching, mentoring, investment brokerage, hackathons, pre-accelerators, and free workspace for underrepresented founders.

Questions

What are the eligibility criteria for OneTech?

OneTech primarily targets underrepresented founders, including Black, women, disabled, and non-binary entrepreneurs. Applicants should be in the early stages of their startup journey and demonstrate a commitment to building a sustainable business.

How does the application process work?

Interested founders can apply through the OneTech website. The application typically requires a business plan, details about the founding team, and information on the startup's current stage. Applications are reviewed on a rolling basis.

What are the deal terms for accepted startups?

OneTech offers an investment of £33,900 to selected startups. The specific equity stake is not disclosed, allowing for flexibility in negotiations. Additional support includes mentoring and access to resources.

What is the program format?

The program includes a mix of in-person and virtual sessions, workshops, and networking events. Founders can expect a structured schedule that includes coaching and mentorship opportunities.

What makes OneTech different from other accelerators?

OneTech's unique focus on diversity and inclusion sets it apart. The organization specifically aims to support underserved communities, addressing systemic inequalities in the tech industry.

What metrics does OneTech use to measure success?

Success is measured by the number of founders supported, jobs created, and funds raised by alumni. OneTech has successfully supported over 1,081 founders and facilitated the creation of more than 770 jobs.

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