WHAT TO KNOW BEFORE APPLYING
Startups applied for the 1864 accelerator through the website and filled out a form via the F6S portal. The application window was open for 2 months and the accelerator team began screening applicants for the next stage of selection.
Six weeks before the cycle started, Flat6Labs organized a local Fintech Hackathon that was directly supported by Barclays and was a key event in introducing and promoting 1864’s first cycle.
SUPPORT & OFFERINGS
Industry Support by Barclays
Full-time support staff
Weekly Pitch Night
Perks & Services
Business Networking Event
8 weeks before the cycle, 60 to 80 of the best teams were invited for a 30-60 min. interview. Based on interview results, about 20-25 teams were selected to participate in a 5 day bootcamp which is designed as an intensive workshop for each team to work on developing and testing their idea further and for us to better understand their business in more detail. After the bootcamp, each team presented in front of a selection committee which consisted of members from Barclays, Flat6Labs, and industry experts who selected the final teams. Up to 10 teams were selected to begin the 14 week program.
After teams receive orientation and are setup, they gain access to mentors & begin training. They then spend the first month of the program building and iterating the minimum viable product
The second month of the program focuses on market access where teams enter the market, begin acquiring customers & measure response
By the third month of the program teams are growing their company and analyze data to decide if they will pivot or proceed.
At the end of the 14 week program, a Demo Day is held giving the companies the opportunity to pitch in a room full of accredited VC’s, angels, investors, entrepreneurs, mentors, partners, and the media.