Mobility III

Sente works with international startups, global corporations and early-stage investors to innovate and scale Mobility innovations together.

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The program starts in London on September 9, Paris the week of October 14, an intense month in the US in December (Chicago, Detroit and New York / New Jersey), and ongoing hands-on support until September 2020.

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The program is designed to take early-stage international Mobility startups to scale-up via a hands-on, structured accelerator using Sente's proven methodology, tools, mentors and networks.

​The Mobility program is highly structured and is tailored to address the key challenges international startups face, such as:

• Achieving focus and cutting through the noise of the urban mobility and transportation landscape

• Creating a sales & marketing plan to have meaningful conversations with customers in new markets such as the US and Europe

• Collaborating with heavy hitters in the urban mobility and transportation sectors

• Estimating the required resources for market entry and scale up 

• Finding a friendly ecosystem to test commercial hypothesis 

• Getting access to growth funding and exit channels (e.g. IPO, acquisition) 

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In Phase I:

•  Companies will receive hands-on training and mentorship on the above topics

•  Companies will also have weekly homework assignments that are structured in a way to provide iterative progress on business plans, economics models, go-to-market plans and pitch decks that are investor-ready

•  Accommodations and flights for one founder for Week 1 in London will be paid by Sente

•  Accommodations for one founder for Week 6 in Paris will be paid by Sente (founder is responsible for flight cost)​ 

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For the US portion (Phase II), the top 5 startups will have access to
the resources they need to test their commercial model in a new market, including:

• Creation of a US entity* 

• ​Establishment of a US bank account 

• Skilled analyst support for building of business plan & financial model

• Cash investment of $50,000

• A 4-week intense business development experience and a series of industry events
   (flight and accommodation provided by Sente for one founder), with access
  to Sente's extensive network of industry contacts in the US

• Access to office space in Chicago 

• An additional 7 months of support from the Sente team ​with objective of getting market traction with Sente's partners, other customers, and capital for growth

Investment details:*

• Startups not selected to Top 5 (Phase II) will not give up equity

• Sente will receive 4% preferred equity in the Top 5 initially for program services, travel, lodging & event costs ($25,000+ value) and within a few weeks of selection, an additional $50,000 cash round as a SAFE agreement (valuation determined in next qualified fundraising round)

• Depending upon the progress startups make over the next 7 months of the program, Sente and its investor partners may invest as a follow-on round and/or matching of $250,000+ (at a future, negotiated valuation)

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* Legal costs for company formation and investment will be paid for by the selected startups out of the cash investment

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The Team

Meet our Mentors