selecting two start-ups for the red gate incubator - from singapore
DESCRIPTION
Presentation on how Red Gate went about selecting two start-up companies to join our 'Incubator' in Cambridge as part of a Mentor-ship program. This was done in collaboration with IDA (Infocomm Development Authority of Singapore).TRANSCRIPT
Selecting start-ups for the Incubator
Singapore
Where did it all start?
• Angus in Singapore – Nick W, Angus and Tim Pullan (Taylor Vinters) met with IDA (government org promoting tech in Singapore)
• Long process, various contacts, ended up with contact (through IDA) at e27, run a tech start-up event called echelon. They provided us with a list of 50 start-ups in a few days.
Stage 1 – the long-list
50
↓
30
Red Gate and IDA want “True technological advancement”
Stage 2 – basic RG sift
30
↓
10
James, Marine, Angus - quality of the idea, market size, competition, fit with Red Gate, founders backgrounds, etc.
Stage 3 – RG interviews
10
↓
2
RG interviews – Tom Harris,Richard Mitchell the Great,James Murtagh, Mark Cheverton, Matt Dickens, Michael Christofides, Richard Muscat, Marine Barbaroux, Bart Read, Gareth Marlow
Feedback form for this stage• Does the business sound viable? • Is there anything that aligns with Red Gate’s
business? What?• Can we learn from them? What?• Can we teach them anything? What?• Would they fit in well at Red Gate?• Do you recommend they go through to the
final stage?
Stage 4 – Final Two
2
↓
2
Judging at Echelon conference, Singapore
Winner 1 – Sent.ly (Varun Chatterji)
