Frequently Asked Questions

Got a question? We’ve got answers.

General


What happens at the Next Commerce Accelerator (NCA)?

We run tailored six months programs aiming to help your company achieve product market-fit and growth through hands-on mentorship, network and funding.

What kind of startups are you looking for?

We like scalable product and service companies with unfair advantages that are able to serve a (new) market.

What makes NCA unique compared to other accelerators?

The success of our program lies within our multi-corporate approach. Our investors can quickly become our startups’ customers. Proven engagements with our 20+ corporate partners range from exits over investment to client listings, paid pilots, exclusive partnerships and relevant product testing.

Here a few numbers:

  • Within 12 months after the acceleration program more than 50% of our portfolio startups receive follow up funding
  • Average funding amount is EUR 600k within 12 months after acceleration
When can I apply for the program?

Applications for the upcoming Batch #6 of spring 2020 are now open. Please follow the link https://nca.vc/apply/ and apply until the 23rd of February 2020.

Will you sign an NDA?

No, we won’t sign an NDA. No serious venture firm would at this stage.

Do we need to write a business plan?

Not for us. We want a pitch deck and a financial forecast. While a business plan can be helpful for some, we make our funding decisions based on our application form and personal interviews. We love demos and profound pitch decks.

What happens afterwards?

Although our offer is a 6 months startup booster program, of course we care as much for our alumni and keep on supporting them.

Application Process


Who can apply?

Everyone who calls himself a passionate founder.

What’s the best stage to apply?

You need to have more than only an idea. A prototype and some customers would be great. You can also apply at a later stage if our program brings you a strategic advantage but we never invest more than 50k.

Can I apply as a sole person?

You can apply, but it is unlikely that we will accept you. We believe creating a successful startup is about teamwork. But we also believe in some serendipity from time to time.

Can I participate in your program after participating in another accelerator or incubator program?

Yes sure. We believe in people who want to work on their projects and try out new approaches. But we also believe we can figure out the real potential and support you in a way, you would rather go into a seed round, then in another accelerator program after you spend the 6 months with us.

When will the application form for the next cycle be online?

The form is always online. But we have an official application phase – after five successful rounds we are now looking for startups for our Batch #6. The deadline for this batch is the 23rd of February 2020.

What is the timing for the next cycle?

Right now we are looking for startups for batch #6. The application deadline is the 23rd of February 2020. We will review the applications and get into interviews with high potential applicants during March. Applications are now open!

Investment


How much do you invest?
You can choose one from the following investment options:
  • Our 6 month booster program (including workshops, mentoring, office space and access to our premier league network) for 2% equity.
  • Investment of €25k in return for 4% of the company’s equity.
  • Investment of €50k in return for 8% of the company’s equity.
 
Can I spend the investment on anything?

You can’t pay previous debt, as we want that the money is used for the growth of the company. Other than that, we don’t tell you what to do with the money. You should invest the money in things that help your product to get traction.

Is it possible to join the program without an investment?

Yes! We offer a 6-month tailored program for 2% in return.

Location


Do I need to move my whole team to Hamburg?

No. However at least the core of your team should be in Hamburg from time to time. One of the main benefits of the program is our community and our network. We plan ahead but you can decide what to attend and stay flexible about your startups business.

Are you providing a place to stay in Hamburg?

We know it is not easy to find a flat or a room in Hamburg, especially short-notice. We are partnering with hostel groups in Hamburg to be able to get you affordable accommodation at least until you settle down and are prepared to look for something else.

Become an outstanding company.