Entrepreneur Accelerator

entrepreneurs round a table

Entrepreneur Accelerator

Join our Pre-Accelerator, Accelerator
or Fintech Accelerator

What you need to know about Accelerator

From the first-go Fintechs to the import and exporters, from the app makers to the risk-takers we believe in entrepreneurs. So we give them the power to start, scale and succeed. Our fully funded accelerator has 12 hubs across the UK.

Our Accelerator, Pre-Accelerator and Fintech Accelerator have been tailored to empower entrepreneurs at any stage. It’s an amazing journey that is fully funded (yep, that means it’s free and we don’t even take equity in your business). We’re here for any entrepreneur who wants to grow.

We provide entrepreneurs with unique coaching, environments, digital learning and networks. Focusing on the key driver to success (that’s you, the entrepreneur) insight, support and challenge is provided by our trained coaches to take any business further, faster.

If your application is successful you will be offered a place on Accelerator or Pre-Accelerator designed to help you and your business grow and keep growing. We also have a bespoke Fintech Accelerator for businesses in that sector. Read more about the programmes in the section below.

Register your interest
More about the programmes

What is the difference between the two core programmes?

We aim to #PowerUp your business whatever stage you are at.

 

Therefore we offer two separate core programmes for entrepreneurs:

·         Pre-Accelerator

·         Accelerator

 

Pre-Accelerator is an intensive, eight-week programme for early stage start-ups.

 

It offers entrepreneurs:

·         An introductory ‘Ignition’ event

·         An online learning portal

·         Webinars and digital workshops

·         A celebratory wrap-up event

Pre-Accelerator is also complemented by a variety of events based in the local hub, which are run by our Business Growth Enablers and other local partners.

 

Accelerator is a six-month programme for entrepreneurs with high growth businesses who are looking to scale up.

 

Entrepreneurs can progress through the six month programme up to a maximum of three times, making 18 months in total.

 

Designed to ensure that businesses get the best chance to succeed, Accelerator entrepreneurs get:

·         Free office space in a state of the art environment

·         Wi-Fi and printing

·         1:1 coaching

·         Access to business mentors

·         Access to legal and tech advice from our partners

·         Access to our unrivalled networks and supply chains

·         Bespoke events

 

Both Accelerator and Pre-Accelerator are fully-funded for you. We do the funding, you do the growing and we don’t take any equity in any business. You don’t even have to be a Royal Bank customer.

 

What is the Fintech Accelerator?

In 2018 we launched our specialist Fintech Accelerator in four of our hubs: Bristol, Edinburgh, London and Manchester.

 

Like all our programmes the Fintech programme is fully funded and we take no equity in any business or even need you to be a Royal Bank customer.

 

All we ask is that you work as hard as we do to make the most of this opportunity to grow your business.

 

Fintech Accelerator businesses get:

·         1:1 coaching with our experienced staff

·         A technology review and sales strategy analysis by Dell Technologies

·         A review of your IP from our legal partner, Pinsent Masons

·         Desk space in a Royal Bank Accelerator hub with access to hot desking across 11 other UK locations

·         A product aligned Royal Bank mentor

·         Bespoke webinars and Fintech networking events

·         An investment strategy review

·         International networking opportunities

·         Opportunities to pitch your business to Royal Bank Innovation teams at a unique end of intake demo day

 

The Fintech Accelerator is six months and commences each April and October.

On what criteria are applications assessed?

We have set criteria that we use to assess your suitability and that of your business to join the Royal Bank  Entrepreneur Accelerator, Pre-Accelerator or Fintech Accelerator.

 

What we judge you on is simple and directly related to what will be asked of you on the programme. We want to make sure we can get the best out of you so that you can get the best out of us.

 

The kinds of things we consider are:

  • Are you the owner or decision maker in your business?
  • Are you working full time on this business?
  • Do you know there are customers who want your product or service?
  • Do you employ staff?
  • Are you aiming to build your team?
  • Are you looking to grow or scale your business?
  • If you business is already growing are you committed to accelerating that growth?

 

Please note however that there are no right or wrong answers to these questions. These are just the principal things we need to know about. So please bear these things in mind if you apply.

 

They will also help us determine whether your business is better suited to our Pre-Accelerator, Accelerator or Fintech Accelerator.

 

If it's our Fintech Accelerator you're interested in, your business needs to be rooted in financial technology.

 

Why isn’t there a hub or access to a programme near me?

We have created a world-class entrepreneurship proposition with 12 hubs covering all four nations of the UK.

 

We realise that this does not cover every city or every part of the UK, but the hubs are also true centres of entrepreneurial activity for the regions they represent.

 

Applications are welcome from all over the regions where the hubs are based. We don’t require that entrepreneurs live within a certain distance of a hub, but we do expect commitment to the programme, which may be dictated by potential travelling times.

 

 

Is funding provided for the programmes?

You don’t need any funding because all our programmes are completely free. Even better we don’t take any equity in any business we work with.

 

There’s no catch. We want to help you start or scale your business and make it succeed.

 

All we ask is that you commit to the programme as much as we will commit to helping you grow.

 

I have an idea for a business but don’t know where to start

If you have an idea for a business and are serious about putting it into action or you are looking to validate a business you have just started, our Pre-Accelerator can help you take your next crucial steps.

 

Pre-Accelerator is an intensive, eight-week programme.

 

It offers entrepreneurs:

·         An introductory ‘Ignition’ event

·         An online learning portal

·         Webinars and digital workshops

·         Celebratory wrap-up event

How to apply

At the moment, applications for our Entrepreneur Accelerator are closed.

You can create an account and register your interest. You will be added to our applications mailing list and we’ll update you as soon as we open again.

Register your interest
Boost your business

Our Accelerators are complemented by a variety of events based in the local hub, which are run by our Business Growth Enablers and other local partners.

If you are currently a Royal Bank customer our Business Growth Enablers can provide you with essential business information, tools, contacts and introductions to networks as part of our Royal Bank Boost programme.

Find out more about how your local Business Growth Enabler could help you.

More about Boost
Hub Info

There's a Royal Bank of Scotland Entrepreneur Accelerator hub near you. Check the list to find out where the magic happens and book an informal hub tour. 

Edinburgh

Address

175 Glasgow Road,
House G,
RBS Gogarburn,
EH12 1HQ

 

To book a hub tour visit - Hub Events

Glasgow

Address

Kirkstane House,
139 St Vincent Street,
Glasgow,
G2 5JF 

 

To book a hub tour visit - Hub Events

Meet our entrepreneurs

We've directly impacted over 3,500 entrepreneurs to start, scale and grow their businesses. 

Let's meet a few.

Scott, Glasgow

Phox Water

Phox is a water filtration product that takes the bad stuff out of tap water and adds electrolytes. It helps people bin their bottled water habit to benefit the planet.

“It’s definitely been one of the best things I’ve done, it’s been brilliant. They ask the right questions and give you a space full of likeminded, ambitious and interesting people.”

Steve, Edinburgh

Arx Maritime

Steve is the co-founder and COO of Arx Maritime. Known as the ‘pirate fighters’, the company designs new technology to safeguard the maritime sector.

“Personally I think the hub is a really valuable resource to tap into and it has had a significant impact on the growth of my business”.

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