BECOME A WELL-ROUNDED VR/AR ENTREPRENEUR IN 6 MONTHS
What can Oarsis do for you?
Oarsis is a startup studio that inspires, connects and empowers entrepreneurs to bring new VR and AR solutions to market. Our goal is to minimize the risk of starting your new frontier tech business.
Through our unique 6-month incubation program, we will provide you with the right resources, methodology and tools to help you assemble a professional team, validate your idea, build an MVP, create a scalable VR/AR solution to a global challenge and prepare your company to be “investment ready”.
- Learn at your own pace following the flipped classroom learning model
- Reach out when stuck
- Share knowledge with previous tribes through the discussion forums
- Take advantage of all business templates when needed
- Get in touch with top mentors who have already been there and done it
- Tailored individual or group sessions
- All different business areas are covered
- Maximize your networking capabilities
- We help you grow your business as you grow yourself personally and professionally
- Become a better version of yourself
- 1on1 monthly sessions to improve both your soft and hard skills
- Our focus is on people. We focus on YOU.
- Expand your network
- Get support from those who will make you succeed
- Find talent faster
- Be part of a family of like-minded entrepreneurs
- Between 25.000€ and 50.000€ of potential investment from us in order for you to close an initial 100-300k€ pre-seed through our network of investors.
- Save time fundraising and focus on adding real value to your business
- Fast-track to other international acceleration programs
The Incubation Program is divided in four phases:
Meet your team
Identify a customer pain
Develop a product
Scale your business
Meet your team
You don't need a team to apply. In fact, one of the core values of coming to Oarsis is the opportunity to find talented and appropriate co-founders for your Business.
We work hard to select skilled individuals for the program. If you are selected inside The Tent, you’ll have the chance to co-found with top-technical and business talent in the industry. During the first two months, we will support you with co-founding relationships through Oarsis' network.
Identify a customer pain
Potential entrepreneurs frequently come with business ideas that stem from an academic project or by insights obtained while working in a specific industry. However, we don’t decide on the quality of your idea. We believe that it’s better to start with your team and then develop a fitting idea around your team’s skill set. Also, it is important to correctly frame the problem you are trying to solve and verify if there are people willing to pay for your problem-fixing product or service.
Bring a product to life
At this stage you will engage in iterative design thinking techniques, you will go back and forth to define the specification of your future product or service. We will help you secure your firsts sales and/or customer engagement with a minimum viable product (MVP) and the implementation of your initial marketing strategy. This is a phase of trial and error, of listening to your customers and establishing your businesses metrics.
Scale your business
At this moment, we now have achieved a PMF (Product-Market-Fit) milestone. We will now ponder and choose among different growth strategies and support your team with all necessary documentation and processes to raise more private investment. Once your startup is ready for the next level, we will help you develop relationships with partners and investors so that you can keep scaling and growing.
If you have any additional questions to the ones displayed in the following sections please do not hesitate to contact us at email@example.com. Remember, there’s no thing as a dumb question, so fire away!
Oarsis will be partnering up with you and your co-founders in your new venture with a 5 to 15% equity stake in the company depending on how much value and work we foresee we would be adding to your startup through our 6-month incubation program and beyond. The services included in the incubation program include: training and mentoring sessions, consultancy services covering the different areas (financing, marketing, talent acquisition, product development, operations, etc.), office space, connections to local and international investors, events and conferences sponsorship deals for your startup, among other services. If you would like to know more, do not hesitate to write us an email at firstname.lastname@example.org
You and your team are free to chose how you would like to split the other 85 to 95%. At Oarsis, we can provide the basic guidelines to ensure that equity is split evenly according to the value each member of the team is expected to provide to the business.
Many things need to be considered before incorporating your company. As an incubator, we focus on both people and business opportunities at the very early-stages so that we can jointly incorporate the company at the end of the incubation program. This makes things a lot easier. If you have already incorporated a company, let us know how much progress did you make so that we can evaluate your proposal.
If you are an international startup looking to expand in Europe, we can offer you to build a top local leadership team and guide the execution of the expansion strategy.
We require all the founding team to be working full-time in the startup. Out of the 6 months duration of the incubation program, we require that at least two co-founders spend four months at our Madrid offices.
Unfortunately, it works the other way around. For your startup to show some real traction, you generally need to put full-time effort first. We only accept founders that are ready to drop their previous professional occupation before jumping into building their startup.
Generally, this will not be possible. We had past experiences that showed us that remote work can be efficient in terms of completing tasks, but it is not efficient in terms of building the team and creating real bonding between co-founders. You will have to relocate to Madrid (Spain) for at least 4 months of the 6-month incubation program.
Some of the issues that founders should consider as part of a decision on where to incorporate include things like tax implications (tax breaks or penalties), local grants, and paperwork. This is particularly the case when they are also thinking that the USA might be where they will end up in the future. Depending on which direction you would like your company to develop further, we can recommend some options (Spain, UK, Delaware/USA, among others).
Indeed! We understand that top talent is generally busy and employed. We encourage you to apply to Oarsis Weekend anyway, so that you can have a taste of what it’s like to start a company from scratch before making the transition full-time into it. Even if you will not join the incubation program until you quit your previous professional occupation, we can help you plan the shift in your career so that you can join some months later and be better prepared.
Even if it is better if you are available when the incubation program starts at the beginning of June 2017, it will still be possible for you to join a little later, as an exception. Let us know your situation in the application form.
While we do not invest cash at the beginning of the incubation program (only resources valued at around 20.000€ per startup instead), we will invest between 25 and 50k€ cash upon successful completion of the incubation program and will help you secure additional funds for your pre-seed round.
Sure you will. The main training and consulting services sessions as well as the office space usage will be provided only during the 6-month incubation program. Nevertheless, community events will be organized for all Oarsis startups on a regular basis. We are planning to secure internal resources for covering specific ad-hoc requests for our alumni.