Horizons is open to Queensland based early stage Startups and business.
Backed by the Queensland Government, Horizons has partnered with Slingshot to deliver a 12-week accelerator designed to build investible businesses.
If you’re selected into the program, Slingshot will help you to validate and design your business model, confirm you are developing a product or service customers want, and demonstrate invest-ability.
The 12-week intensive curriculum covers:
- Validation & business modelling
- Product market fit
- Traction & scale / investor pitch coaching
All content will be delivered by the Entrepreneur in Residence and supporting mentors in 3 chapter blocks so you you will only be required to be in Brisbane on those dates. To mark the formal end of the program, you will participate in an Investment Pitch Night to demonstrate your progress for seed investment.
WHAT DO WE GET?
- Selected participants have the opportunity to receive up to $130,000 of investment and the opportunity to secure next round investment from the Slingshot Venture Fund and our investment partners (see investment terms)
- 12-week structured program, led by industry experts, designed to get you investor ready
- Founder coaching through access to mentoring matched to you and your needs
- Access to customers and broader business networks
- Invitation to community events
- Branding and marketing support
- Inclusion in Horizons Accelerator media and events
- Legal and financial advice from Slingshot
WHAT ARE THE INVESTMENT TERMS?
Slingshot will decide on the businesses receiving an investment of $30,000 for 10% equity following the Investment Pitch Night.
Follow on from Slingshot
Unlike other programs, the Horizons program offers the potential for a further $100,000 of follow-on funding from the Slingshot Venture Fund. To access this funding, you will need to receive follow-on investment from three or more investors. Importantly, the follow-on funding is at a valuation set by your Startup with no discount.
Follow on from Horizons
Horizons Premium Partners may look to invest in select businesses after the completion of the accelerator. Any investment by Premium Partners is at a 25% discount to your valuation (if within 18 months of joining the program).