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Launch your business idea with the no-code programme.
The Challenge:
The West Midlands currently faces a challenge in fostering a diverse and representative pipeline of early-stage founders, with existing demographics being too homogenous and a weak scale-up investment landscape.
Traditional incubator models, focused primarily on providing physical space, are no longer sufficient post-COVID, as founders increasingly require technological support and funding. SuperTech’s alternative approach, using no-code development to reduce costs and accelerate market entry, has shown promise but remains reliant on inconsistent public funding.
This project aims to explore and establish a more effective support system for start-ups in the region, addressing these critical gaps in resources and representation.
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Key Objectives:
1. Refinements to the delivery model and founder experience (see above)
2. Testing a mechanism with founders that will open up potential private sector money into idea stage founders AND
3. Potential for recycling investment to create a longer term sustainable pool.
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Expected Outcomes:
1. No. of companies formed (short-term outcome)
2. No. of new products/ services capable of being launched to market (short-term outcome)
3. Value of investment raised by participants (longer term outcome)
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Slingshot