What happens at the Next Commerce Accelerator (NCA)?
How can we get funding for our startup?
Apply online for our next funding cycle. We fund startups twice a year.
When will the application form for the next cycle be online?
Usually at least a few months before the deadline, which is usually in JANUARY for SPRING batches and JULY for AUTUMN batches.
How much do you invest?
We have two standard cases:
1.) we'll invest €50k in return for 10% of the company's equity.
2.) we'll invest €25k in return for 5% of the company's equity.
While we may deviate from this in exceptional cases, it will still be the cases for almost all of the companies we fund.
Who can apply?
We have interest in early stage e-commerce related startups whose product has to do with innovative services, e-commerce business models, technologies and advertising that are centered around the e-commerce industry. They also need to have a technological background and be ready to scale.
Do we need to write a business plan?
Not for us. 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, but we never read business plans.
Will you sign an NDA?
Do I need to move my whole team to Hamburg?
At least the core of your team must be in Hamburg for most of the time. One of the main benefits of the program is our community and our network. Many come spontaneously to pay us a visit and you don’t want to miss that.
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.
I have already run my company for quite some time, can I still apply?
Yes, you can.
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.
Who are the investors?
Our investors are leading German and European trade, technology, service providers and e-commerce companies who are creating digital change in the industry.
Why are you located in Hamburg?
We fairly believe in the importance of an ecosystem to startups. As a startup you need easy access to the industry – you can only get this in Hamburg. Hamburg is Germany’s e-commerce and logistics capital.
Can I participate in your program after participating in another accelerator or incubator program?
Not with the same company or team. There is some new kind of accelerator hopping going on in Europe. We are pretty close to all major programs to avoid that. Still we believe in second chances. So please be honest about it.
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.
Can I spend the investment on anything?
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.
Do you decide who will invest next?
No, but we will help you find an investor.