Is this program for me?

If you have a space-related business idea and no established company yet, this program is for you. Your idea can either be hardware or software based or a mixture of both. Also it doesn’t matter whether you have already officially founded or not. The only important requirement is that you are still in the phase of market exploration and product development.

Do I have to move to Berlin?

No. You can choose whether you want to spend the money on rent for accommodation in Berlin or on traveling to the NSV workshops and events. However, since the integration into the local space community is an essential success factor, we encourage you to actively engage in the community. We have some good recommendations on suitable coworking and maker spaces, where you can meet like-minded entrepreneurs.

How is the program structured?

At the beginning we will mutually define a roadmap and milestones for the upcoming 6 months to give you some structure. Periodical reviews with your coach shall help you to stay focused and make use of helpful tools and methodologies. At the same time you will profit from the vast experience and network of successful (space) entrepreneurs in regular mentoring meetings or calls. Workshops will be organized depending on your individual needs. In addition there will be some framing events like the initial, the midterm and the final pitch/demo day.

How is the selection process?

The selection process consists of two stages: First the submission of a pitch deck (deadline 31 January 2020) and secondly a personal meeting with you in Berlin (in February) to get to know you and discuss the project.

Do I have to give away company shares?

Only if you raise a seed funding (venture capital) afterwards. If you decide to discontinue the project during or subsequent to the incubation program, you don’t need to pay anything back. Details on the conditions will be provided soon.

Can I freely decide on how to spend the money?

Yes. As long as it project-related of course. We ask you to prepare a financial planing for the program period in your application, i.e. how you plan to spend the 20k.

Any remaining open questions? Simply send us a mail to incubator@newspacevision.com.