Launchpad is an exclusive opportunity for software engineers, digital creatives and business developers. Work on real industry challenges with leading businesses supported by experienced coaches and mentors to help create an in-demand, cutting edge solution that investors want to buy into.
Here’s how our elite, life changing, creative programme works.
- Become part of a team of specialists
When you join Launchpad, you will be placed into a team of four. Your team will be made up of a group of people with complementary skills and personalities, specifically designed to be able to form into a high-performance team.
- Select a challenge from industry partners
Your team will be presented with three challenges. Each of these challenges represents a market opportunity; a space where there is a need with commercial value that has not been met. You will need to answer two key questions about each challenge; “Is there a real market need?” and “Can a solution be delivered profitably?”. This initial market research phase takes around three months - by the end of it you will select the challenge that your company will take.
- Demonstrate your solution
In the next phase, you will build the prototype, or minimum viable product, to demonstrate that your solution will work. Alongside the development of the product the business will continue to take shape, with the crafting of investor pitches and the initiation of key commercial relationships. This phase lasts around 8 months.
- Develop business plans and incorporate
In your second year, after you have graduated, you will incorporate your company, finalise investment plans, and the acceleration phase will begin. Launchpad companies are supplied with general infrastructure for the first year following incorporation, consisting of space in the Launchpad building, along with the attendant office facilities. During this time and afterwards, Falmouth University remains an active investor in your company.
- Seek investment
Finally, you will reach the point where you start to negotiate in earnest with potential investors. At the end of the programme you will be incorporating a company, and unless you are in the rare position of immediately having revenue to support the company out of the gate, then you will seek investment to support the ongoing work.
Finally, you will reach the point where you start to negotiate in earnest with potential investors. At the end of the programme you will be incorporating a company, and unless you in the rare position of immediately having revenue to support the company out of the gate, then you will seek investment to support the ongoing work.
- Accademic programme – MA in Entrepreneurship
The MA in Entrepreneurship is in place to support the effective development of your business, providing a rigorous training ground in which to grow as an entrepreneur. Find out more.
Become a Founder
“Creating your own business while doing a MA in entrepreneurship is as intensive as it sounds, but if you’re willing to go all in, a lot can be gained from it. Being thrown into a team of people from various academic and professional backgrounds can be very daunting, however, I have met some of my best friends because of it. Each day in the office is a new learning experience, whether it is new programming techniques or business management tools; it has given me the opportunity to learn a huge range of invaluable skills.”
“As a Launchpad Founder you are a dedicated team player, who brings individual qualities to a high-performing team. You are committed to building your product and business, and are ready to experience great highs as well as challenge tough lows. Joining this programme is a serious decision with potentially life-changing consequences.”
“My experience on Launchpad has been both challenging and highly rewarding. I have been fortunate enough to work on something about which I am very passionate. This coupled with the incentive of having a major stake in the company which is being incubated makes for a very exciting year. It’s certainly not a course that you can enter half-heartedly!”
- Year 1: you are provided with £16,000 tax free, divided into monthly installments, your business costs are met, and your MA fees are waived.
- Year 2: You will be funded through the investment that you raise towards the end of year 1. Your business is provided with high quality workspace at low-cost rates, just downstairs from the incubation teams going through year 1
- This is a high-commitment programme.
- Launchpad starts with a full 12-month incubation. It’s harder than a 9-5 job; you’ll be pushed hard and expected to learn constantly. We invest heavily in you and your business, and we expect that you do too.
How to apply
Find out about the application process and discover what it takes to become a Launchpad Founder.