Djungle Studio
, a venture builder we wrote about here, lets it know that it has partnered with Toolbox, a coworking organization , to launch Space for Imagination, an initiative dedicated to the development of startups in the early stage.
Space for Imagination is conceived as a space dedicated to turning ideas into business opportunities to present to investors and stems from Djungle Studio’s experience and specialization in validating new business models, offering targeted acceleration programs to startups wishing to pursue their entrepreneurial vision.
The main program of Space for Imagination, called the Launcher Program, will welcome up to 10 startups per year, and will provide for the
validation and idea building that will speed up capital raising with a seed investment target of 500 thousand euros.
Activities that will be possible thanks to the ecosystem of entrepreneurs, investors and industry experts that Space makes available to participating startups.
validation and idea building that will speed up capital raising with a seed investment target of 500 thousand euros.
Activities that will be possible thanks to the ecosystem of entrepreneurs, investors and industry experts that Space makes available to participating startups.
The Launcher Program is structured in three phases spanning a nine-month period. During this time, startups will have access to mentorship, financial resources and networking opportunities. The goal is not only to develop the product and marketing, but also to obtain constant feedback from potential customers through cycles of experimentation to validate the business idea.
A distinctive feature of Space for Imagination is its “validation
-driven“ approach that combines typical startup speed and agility with a long-term strategic vision to bridge the gap with the world of corporate .
In addition, the program promotes a win-to-wi
n for the
e participating startups, in this first batch, there is no entry fee but only a 5 percent fee on the capital raised.
Space for Imagination is not limited to the provision of physical space, but allows the startups that will follow the program to work closely with a venture builder and his or her team.
Alessandro Nasi,co-founder and COO of Djungle Studio comments in a note: “There are many ideas but few of them present themselves as real investment opportunities. Space for Imagination’s goal is to turn them into businesses, lowering the risk for investors and translating them into options for companies that to date do not see startups as a chance to innovate.”
The call for applications for the first cycle of the program will open on May 9 and run until July 15. Selected startups will begin the program in September 2024. (Photo by Slidebean on Unsplash)
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