DIGITAL INVEST PROGRAM
Cohort 4
BøthOfUs selects 6 organisations for digital transformation, development & design and assistance in applying for EU, UN grants and VC funds
(Commitment fee required)
DIGITAL INVEST PROGRAM
BøthOfUs is excited to announce the launch of Cohort 4 of the Digital Invest Program, an initiative designed to empower 6 selected organizations by guiding them through a comprehensive digital transformation journey. This program is aimed at fostering growth and innovation by offering end-to-end support in digital development, design, and technology implementation.
Participants in the Digital Invest Program will benefit from tailored assistance in developing and designing the digital tools, platforms, and strategies necessary for their growth. Beyond technical support, the program also provides strategic guidance in applying for grants from major entities like the EU and UN, as well as securing venture capital (VC) funding to ensure long-term success.
To maintain a high level of commitment and ensure that participating organizations are fully dedicated to the transformation process, a commitment fee is required. This fee is a small investment in exchange for the vast array of resources, expertise, and funding opportunities that the program offers.
Through the Digital Invest Program, BøthOfUs continues to support and drive the success of organizations aiming to thrive in an increasingly digital world
BACKGROUND
During the COVID-19 pandemic, it became clear that businesses without digital integration were at a severe disadvantage, often leading to their exit from the market. This was especially true for small, family-owned enterprises, whose closures significantly impacted the livelihoods of the families involved. This situation highlighted the critical need for leveraging digital technology to facilitate the transformation of SMEs, startups, and traditional business owners.
In response, BøthOfUs, drawing on over 8 years of expertise in digital technology and the global market, recognized that many technology startups struggled to create essential tools, apps, websites, AI, and machine learning systems required for revenue generation. The high costs associated with developing these digital solutions often led to the failure of these startups.
To address these challenges, BøthOfUs, utilizing funds previously secured from the EU, UN, and foundational investors from the USA, UK, and Sweden, established a dedicated fund aimed at supporting six Organisations, startups, or businesses. This initiative offers substantial assistance in developing digital tools at a reduced cost, providing a 25% to 50% discount on market rates, with BøthOfUs covering the remaining expenses through its fund.
GRANTS & FUNDS
Selected and eligible organizations will collaborate with BøthOfUs to plan strategies, develop presentations, and engage with private investors or pursue grant opportunities.
For the private funding route, BøthOfUs will leverage its database, which includes 3,421 venture capital firms, 1,987 angel investors, and 418 family offices and institutional investors worldwide, to identify and connect with relevant stakeholders.
For the grants route, participating organizations will have the opportunity to apply for EU and U.S. grants, leveraging BøthOfUs’s presence in these regions. BøthOfUs will also identify and present relevant grant opportunities on a weekly basis, working closely with organizations to create and submit strong proposals
Case Study
Your Case study
Case Study on the Journey of the Digital Invest Program
If you are interested in applying or expressing interest, please carefully review the following steps:
Expression of Interest: You must express your interest by completing the form below.
Background Verification: Please be aware that we will conduct background checks and a due diligence process on all applicant companies.
Selection Notification: If your company is selected to proceed to the next step, you will receive an email with additional information, including program details, modules, and a contract.
Commitment Fee: Upon signing the contract, a commitment fee request will be generated and sent to you.(commitment fee ranging from €500 to €700, depending on the company revenue)
Payment Schedule: 50% of the commitment fee is due before the program commences, and the remaining 50% is due after the presentation of the Phase 1 report.
Non-Payment Consequences: Failure to pay the commitment fee on time will result in forfeiture of your spot in the program and may trigger an alert across all our investment programs.
Phase 1 Interview: Once enrolled in the program, you will participate in an interview where BøthOfUs will assess your business model and technological needs.
Phase 1 Report: After Phase 1, you will receive a report, and together with BøthOfUs, you will evaluate the market potential of the tool you intend to create. We will also determine the percentage of funding that BøthOfUs can sponsor for the development of the technology or design.
Business Contract: A business contract will be signed between BøthOfUs and your organization.
Tool Development: BøthOfUs will work with you to scope and develop the digital tools, with BøthOfUs engineers handling the technical development as needed.
Funding Applications: You will apply for EU, UN, and other international funds, such as those from GIZ, AFD, and private VCs, under the guidance of BøthOfUs.
Investment Consideration: BøthOfUs may also consider investing in your company if the business and team demonstrate strong potential.
ELIGIBILITY
- It is Compulsory that participating organisation/startup/SMEs should contribute to atleast one SDG 2030 goal.
- For profit, non profit, state owned institutions can apply
- Startup or SME facing challenges in creating, building, or maintaining digital tools, technology, web presence, apps, and design due to high costs
- If you are seeking to raise funds from Private investment
- If you are seeking to raise grants from EU, UN and other international agencies
- Startup/SME focused on expanding into new countries or market
- Pre-seed, seed and revenue generating company can apply
- Need to be a registered organisation
- Would like to expand to EU, UAE, USA
- Private organisations, Civic and social organisations, non-profit organisations, R&D departments, accelerators, incubators, municipalities and HEIs (For accelerator, Incubators, HEIs, Government hubs, co – Click here)
- Co-working hubs, Click here
FUND STRUCTURE & WHY COMMITMENT FEE ?
Significant investment in time and money is spent on the Digital Invest Program from BøthOfUs to develop revenue models, digital solutions, tools, websites, and apps, as well as to scale these solutions into new markets and countries.
These services are offered at no cost to startups, SMEs, and organizations as part of the Digital Invest Program.
However, based on experience with previous cohorts and to ensure that only committed candidates and partners with a genuine need for digital solutions, revenue models, and market scalability are selected, the Digital Invest Program has instituted a nominal commitment fee
Special preference
- Any organisation can participate, except business operating in the sector of Gambling, alcohol and illegal activities
- Preference are given to organisation with founder or board of 50% female, youth, or LGBTQ founders.
- Special preference is given to tribal and native people of each countries.
EXPRESSION OF INTEREST
Step 1: Submit the Expression of Interest Application Form.
Step 2: BothOfUs performs due diligence.
Step 3: BothOfUs may request additional information if necessary.
Step 4: If selected, the participating company or organization must pay a commitment fee ranging from €500 to €700, depending on the company revenue.
Step 5: Phase 1 – A workshop will be scheduled between representatives from the EU, UN, and a commercialization expert from BothOfUs to learn about your company’s operations (estimated duration: 40 minutes to 1 hour and 30 minutes).
Step 6: A report of the workshop and a proposal of the plan will be presented one to two weeks after the initial workshop (estimated time: 1 hour).
Phase 2: BothOfUs will evaluate if the startup can participate in the digital grant program sponsored by BothOfUs.
Step 7: Upon selection for the program, BothOfUs will sponsor 50% to 80% of the costs and handle all development of digital solutions and digital presence. This includes the development of websites, tools, apps, ML, AI, deep tech, design, and branding. The cost will be evaluated based on the ongoing market spending of the company.
Step 8: BothOfUs and the startup will apply for funding to receive funds from grants or venture capital sources.
ADVANTAGES
Cohort III - Fostering Global Peace Through Innovation & Technology
To conduct a comprehensive assessment of your digital tools and design aimed at enhancing financial stability.
Establishing a novel revenue stream within the current business framework
Expanding into new markets to amplify business growth
Formation of a consortium for seeking EU and international funding opportunities
Fostering International Collaborations
Do you have more questions ?
If you are certain of your participation and have reviewed the FAQs without finding answers to your questions, you may schedule a call with our Program Director to discuss any remaining inquiries.
Please only book a call if you are confident in your decision to participate.
The SME Program is designed for startups, small, and medium businesses that require:
- Design or development of digital tools such as apps, websites, and tech tools. This semi-granted program allows participants to pay only 50% of the value, with the remaining cost covered by the BøthOfUs Fund.
- A strong revenue generation model or business model review.
- Access to grants and funds, with BøthOfUs facilitating connections with investors and collaborating with SMEs to apply for funding.
- Support for expansion into the US, EU, or Australian markets.
- Development of a robust company strategy.
The SME Program is a co-funded initiative run by BøthOfUs and EU organizations
To be eligible for the program, the startup, SME, or organization must demonstrate a need for funding and/or digital solutions. This includes needs such as creating an app, website, AI, ML, branding, or design.
As a startup or SME, you will receive up to 50% of the expenses related to the development of software or digital solutions.
For example, if you wish to create an app or website and the market value for this development is €50,000, under this grant program, BøthOfUs will cover €25,000 of the expense and will also undertake the creation of the app or website valued at €25,000. In exceptional cases, companies may receive a digital development grant covering up to 75% of the costs.
Please note, the funds will not be disbursed directly; rather, they will be utilized for the development of the digital solutions
No, BøthOfUs will not take any equity from participating SMEs in this EU program.
BøthOfUs has already received funding from the EU and private investors in the EU and USA for implementing the program. The goal of this program aligns with the EU’s objectives of digitalization and digital transformation.
In the long term, if a startup or SME creates significant social impact on a large scale, BøthOfUs may consider becoming an equity investor, with potential funding of up to €1 million
Yes, you can participate. However, the company must be legally registered to receive any funds.
Yes, startups and SMEs from all countries are eligible to apply.
We plan to support 6 companies in Summer 2024 and 6 companies in Winter 2024.
Phase 1 of the program lasts 1 to 2 weeks.
Phase 2 of the program lasts 3 to 12 months, depending on the app or website that the startup or SME wants to create.
The participating startup/company is required to commit to weekly participation and meetings for the purpose of discussing and defining project scopes.
If a participating startup/company decides to discontinue after initiating the program, they may do so at any time without a binding time commitment. Please note that the commitment fee is non-reimbursable
As the due diligence step, express interest for participation in the form here. (Kindly, attach any information about your company such as slides/presentations).
Then you will receive the confirmation if you are selected or not in the email. If you are selected, then next steps will start.
Please send an email to info@bothofus.se or keep it simple by sending whatsapp/Telegram/Viber message or call to number +46768688418
We’re here to help and provide the information you need.
BøthOfUs Info on EU website
Past funds received by BøthOfUs
BøthOfUs information on EU website
HEI fund
CleanTech Fund
Successful Collaborative Engagements by BøthOfUs
BøthOfUs Featured in News & Media
