Frequently Asked Questions
What types of companies are you looking for? Can I still apply if my startup does not meet your exact requirements?
For this program, we are looking for growth-stage cybersecurity startups from around the world that have the interest to expand into the European market, using Luxembourg as an initial launchpad. We welcome and encourage all interested cybersecurity startups to apply. We will assess every application with inclusivity and independence.
Do you invest in the participating startups of this program?
This is an equity-free program. We do not invest in the participating startups of this program. This program is fundamentally a market access program and investment is not the primary objective. However, we understand that fund-raising is a long process and this could happen after the program ends. Therefore, we provide opportunities for our incubated companies to connect and network with key stakeholders in the government funding ecosystem, family offices, and the venture capital industry through our many events and activities. Each opportunity is an opportunity to participate in deeper due-diligence and to start building a longer-term relationship with potential funding partners and investors. A deal-desk run by the team at R3i Capital can provide venture funding acceleration and support.
Why are there program fees to participate?
We appreciate that in the early stages, every dollar counts and that founder can have other competing cashflow priorities. While our competitor programs may offer a cash upfront, they take large slices of your precious equity for next to minimal valuations, which often destroys value in the company, and then still ask you to give the funds back to pay for their programs. We don't agree that's fair. This is why we are a straight fee for service. In many cases, the related expense can even be recouped under your home Government's export program.
Your Program fees of 4K euros per month help us cover the basic costs of running the program. R3i do not look to profit from this program at all. Rather it is priced for our founders at the equivalent cost of a junior marketing person in-country, and instead, the founder receives the full weight and benefit of our seasoned team, including our international networks, resources, and capabilities, and non-dilutive and dilutive funding channels. This also includes program costs such as platform and software subscriptions, navigator and program staff salaries, mentor fees, program, and founder marketing campaigns, digital events, digital learning on demand, and market access and business development costs. We also believe that if you are serious about your company's international expansion, a token of your own skin in the game also ties you to your program ambitions and focus on execution.
Collaborating Venture Capital firms and Government agencies, see a purpose-built platform for their export-ready portfolio companies seeking that expert advisory board and incubation support, to reach the next level of valuation and funding access through cross-border scale, and an appropriate support package to land and expand effectively.
Do I have to be present for the entire duration of the program?
Whilst we encourage startups and their founders to fully participate in the entire program, we understand that scaleup companies often have immediate business needs and obligations to address. It is a requirement that at least one (1) founder attends the program's intensives in full. This is a minimum time contribution of 3 workshops in 12 weeks. That being said, most masterclasses by mentors and events such as roundtables, panels, and speaker sessions will not be recorded in order to allow better interactions with the speakers and participants. If you are not present, you will most likely miss out on important content and have the ability to ask questions. Therefore, we highly encourage you to participate as fully as possible.
Are flights and accommodation provided for participants?
This is a no carbon incubator and accelerator program. Given COVID19, this program is designed to be entirely digital. From setting down roots in Luxembourg to opening your office and taking on your first clients/partners.
How many team members can participate in the program?
Typically, a startup would send one of the co-founders to attend the program, however, Corporate Development leads, regional operational leaders, and strategy leads are also typical too. The House of Deeptech operates on an entirely digital operating platform. We currently allow up to five participants per startup. If you should require additional virtual desk space or would like to involve more participants from your startup, kindly let us know.
What does the curriculum look like? What does a typical day look like?
The entire program is curated to support the growth objectives of your company. A workshop intensive is held each month with a support assignment.
Who are the Navigators who will work with me?
The House of DeepTech is a global community of responsible investors, serial entrepreneurs and founders, pioneers, thinkers and doers, logical pragmatists and intuitive visionaries, experts and generalists, and bright lights that, together, thrive on transformation rather than incremental change. Our global team combines seasoned track records and lessons learned, with passion, creativity, and dedication to help you to accelerate your products and services into the hands of your target partners and customers. We will provide targeted market and industry-specific advice based on your business objectives and priorities. Navigators and mentors are selected in order to provide unique value and contribution to your specific business.
Should I apply again if I was previously rejected?
Absolutely. This program has been designed specifically to support companies that are truly export-ready and have the product hardened to hit the ground running in the European Market. It is not designed for POC stage companies with little to no market traction. Once you have 50K MRR or more, do check back in and explore how we can support you to achieve your market access and growth objectives.
What happens after the program?
Once you join any of the House of DeepTech programs, you will always be part of the House of DeepTech and R3i Ventures alumni. The relationships and connections built are designed to be the platform that lasts for a lifetime.
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