In a landmark move that underscores its commitment to innovation, Octopus Group has announced Springboard – a robust accelerator programme for sustainable deep tech startups across the UK and Europe. This latest venture aims to accelerate the development of businesses that are at the forefront of combatting global issues such as climate change, resource scarcity, and energy security.
“We believe entrepreneurs are society’s true agents of change. They have the power to solve the biggest problems facing our society and the planet,” expressed Simon Rogerson, co-founder and CEO of Octopus Group. His belief in the potential of entrepreneurship is clearly reflected in the Springboard initiative.
Octopus Group: Empowering Entrepreneurs
Springboard particularly welcomes startups that are spearheading solutions in the realms of robotics, quantum, photonics, and AI. The programme, which will run twice a year over three months, is designed to aid entrepreneurs in overcoming significant hurdles like securing funding, customer discovery, and establishing a market fit for their revolutionary ideas.
“But building a business capable of changing the world is laden with challenges,” Rogerson further noted. With Springboard, Octopus aspires to soften these challenges, paving a smoother path for founders to bring their world-changing visions to life.
Focusing on Deep Tech
The accelerator programme will be executed by the team that powers Octopus Ventures, the venture capital arm of the Octopus Group. Known as one of the most active early-stage investors in the UK, Octopus Ventures has significantly contributed to the growth of a number of noteworthy British startups. Firms that have been backed by Octopus through its investment vehicles include ecommerce brand Depop, online car retailer Cazoo, and digital real estate market Zoopla.
As we move into an era where technology plays an increasingly crucial role in shaping our world, initiatives like Springboard become more critical. By fostering the growth of sustainable deep tech startups, Octopus Group is indeed pushing boundaries, contributing to the emergence of groundbreaking solutions that have the potential to redefine our future.
What are your thoughts on this new accelerator program? What impact do you think it will have on the sustainable deep tech startup landscape? Share your thoughts in the comments below.