Discovering the Future
2020
InVent
Entrepreneurial program aimed to generate ideas and develop (incubate and accelerate) startup companies from them
Call Ended
Stages
General Information
About the program

FAST InVent entrepreneurial program is aimed to generate ideas and develop (incubate and accelerate) startup companies from them. The 20-week program will help budding entrepreneurs to walk through the entrepreneurial journey from validating an idea and forming teams to developing MVPs and raising funds. The program is implemented in the framework of the Creative Spark: Higher Education Enterprise Programme funded by the British Council.

InVent model was based on FAST experience in Startup studio, Budding Entrepreneurs program, and Advanced Solution Center (ASCENT).

InVent stages:

  • Ideation
  • Team formation and recruitment
  • Prototyping and validation
  • Funding and growth


InVent is designed to create and enhance the following capacities of each entrepreneur:

  • Intellectual: the capacity is enhanced through learning modules, hands-on coaching, and mentoring
  • Network: the capacity is enhanced by providing access to relevant skilled people helping the teams to recruit new members, as well as FAST network of academics, successful businesspeople, and entrepreneurs
  • Financial: teams will get access to funds

51
Entrepreneurs
15
Created startups
$20000
Investments
Eligibility criteria

To be eligible for the FAST InVent program, the applicant must:

  • Have knowledge on at least one of startups’ related fields (business, finance, marketing, sales, technical skills, legal, etc)
  • Have previous track record and relevant experience
  • Be passionate for science, technology, and innovation
  • Have basic skills and understanding of Data Science, coding, AI/ML, etc.
Selection process

    Shortlisted entrepreneurs will be invited to an interview. The final selections will be based on the following criteria:

    • Knowledge of business and entrepreneurship
    • Basic knowledge of Data Science (AI/ML)
    • Possession of technical skills (coding, etc) would be an asset
    • Scientifically creative thinking (visionary, optimistic outlook)
    • Ability to think outside the box
    • Passion for science, technology, and innovation
    • Enthusiasm and motivation to bring ideas to life
    • Ability to deal with a failure
    • Excellent communication skills
    • Outstanding team-work spirit