One thing I really like about founding to give programs, is that we have very clear metrics for success. We’ll know over 2-5 years if these programs were successful or not.
I haven’t seen the success metrics, but I’m guessing It probably only takes 1 or 2 successful companies to make the whole thing worth it and I’m hoping the cohorts can do even better than this!
Agreed! To get a sense of the success metrics: the total costs of the program were quite lean—we estimate our costs at +-260k pounds in direct costs per cohort, consisting mostly of staff costs and stipends (though I do think these costs might be higher when launched as an independent org because we were able to make use of AIM infrastructure effectively) which means that it would indeed take only 1 successful company to either exit (or achieve a multiple of this in ‘direct impact’).
One thing I really like about founding to give programs, is that we have very clear metrics for success. We’ll know over 2-5 years if these programs were successful or not.
I haven’t seen the success metrics, but I’m guessing It probably only takes 1 or 2 successful companies to make the whole thing worth it and I’m hoping the cohorts can do even better than this!
Agreed! To get a sense of the success metrics: the total costs of the program were quite lean—we estimate our costs at +-260k pounds in direct costs per cohort, consisting mostly of staff costs and stipends (though I do think these costs might be higher when launched as an independent org because we were able to make use of AIM infrastructure effectively) which means that it would indeed take only 1 successful company to either exit (or achieve a multiple of this in ‘direct impact’).