Polish early-stage VC fund hardGAMMA has grabbed the opportunity to invest in Springboard, a start-up accelerator program based in London. The investment made in the program is a part of hardGAMMA’s long-term vision to be a major player on the European start-up scenario, and will give them front-row access to invest early in London start-up companies.
Springboard is a London-based start-up accelerator program that is run for 13 weeks in the form of a boot camp. Each founder of each start-up participant is given GBP 5,000 (up to a maximum of three co-founders) and an intense on-site training schedule at Springboard, at the end of which an Investor Day is held for the start-ups to showcase their operations to VC and angel investors. Statistically, over half of the companies that ever participated in these programs went on to bag second rounds of funding. Originated in Cambridge at the famed IdeaSpace, the program is affiliated with the TechStars Network, and will soon be on-board with the Google London Campus program as well. The inaugural camp after the move to London earlier this year will begin this month.