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The Modern Way to Build Tech Startups

By leveraging our innovative venture studio model, Next Big Thing empowers talented, ambitious, and experienced entrepreneurs to co-found and build technology startups from scratch.

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Batch 3 - ongoing until 15.12.2021

Our Topics

01 / 05

Accelerating the Sensor Revolution

Sensors are transforming the way we do business. They provide accurate, real-time information for a complete view of an organization’s operating environment.  Real-time analytics identify trends and deliver insights to drive improvements and reduce disruptions. As a result, businesses leverage sensor data to become more agile and informed.

02 / 05

Developing Cross-Industry IoT Solutions

Businesses are relying on IoT devices to deliver data-driven insights as part of their strategy to elevate profitability, generate efficiencies, and gain a competitive edge. Although IoT has gained significant traction within the manufacturing sector, the uptake of smart devices has shifted beyond industrial implementations to include healthcare, agriculture, retail, and transportation.

03 / 05

Leveraging AI, ML, and IoT for Sustainability

Businesses use advanced technologies to optimize systems and generate breakthrough discoveries to enable a circular economy that helps tackle the SDGs. IoT and AI enable organizations to meet the changing needs of a dynamic world to meet innovation demands, all whilst aiming for the highest returns with the lowest environmental impact.

04 / 05

Next-Gen IoT for the Pharma Industry

General industry observations indicate that pharma supply chains are becoming more fragmented as the world becomes increasingly complex. As a solution, integrating IoT into the supply chain will enable greater transparency, improve production efficiency, data security, product quality, and ultimately boost profitability for pharmaceutical companies.

05 / 05

IoT for Smart Waste Management

IoT solutions prove that big data can solve big problems. IoT-powered smart waste management solutions focus on improving the total efficiency of waste collection and recycling for businesses and cities alike. Smart waste management systems enable businesses to lower their environmental footprint, cut costs, and increase operational efficiency.

Batch 4 - Application Start: 15.12.2021
Batch 4 - Program Start: 15.01.2022
Batch 4 - Application Start: 15.12.2021
Batch 4 - Program Start: 15.01.2022
Batch 4 - Application Start: 15.12.2021
Batch 4 - Program Start: 15.01.2022
Batch 4 - Application Start: 15.12.2021
Batch 4 - Program Start: 15.01.2022

During our 4-month Entrepreneur in Residence program, you’ll get paid to test out your ideas with a team of exceptional people who are invested in building impactful technology startups.

Sprint by Sprint over twelve weeks

Sprint by sprint

Over twelve weeks, you’ll create a high-level business plan to demonstrate the value proposition and technical product development of your venture before the founding stage.

Going the distance

Going the distance

Get a head start to success. You'll have access to a number of startup resources, a €5k testing budget, a co-working space plus equipment, and a €50k yearly salary (pro-rata).

Our team is your team

Our team is your team

You’ll be working directly with our team of experts, each of whom will bring deep industry, investment, and entrepreneurial experience to help co-found your company.

How the Application Process Works

Follow a structured framework to successfully apply for our program.

Select an Idea

Subheadline

We’re looking for exceptional ideas that challenge existing industry norms. These ideas should have the potential for exponential growth through the use of innovative business concepts and cutting-edge technologies.

Apply as a Candidate

Subheadline

Your first step is to hit the apply button on our website. The application process requires you to submit your resume, pitch deck, and you must complete a series of questions (e.g. leadership experience, future personal goals, etc.).

Screening Process

Subheadline

We evaluate each submission based on several factors including how well you use data and analysis processes to guide the industry problem, the viability of your strategy, and your overall quality of work.

Interview Process

Subheadline

Generally, around 30% of applicants are invited to interview with our team. We usually conduct two 45-minute interviews; one on your ability and personality as a prospective founder and another that focuses specifically on your business case.

Step 5

Legal Agreements

Subheadline

Once we’ve confirmed your place in the EiR program, we’ll send you some reading and onboarding material that includes all necessary contracts (standard terms) to set you up for the start of the program which typically begins the following month.

Step 6 Official Founder Status

Official Founder Status

Subheadline

Now that you’re in, the next twelve weeks will be one of the most exciting and intense experiences of your life. We’re rooting for you and will be helping you to achieve all of the necessary milestones to successfully co-found a venture with us.

Subheadline

6 Sprints over 12 Weeks

Get hands-on support to fast-track the development of your idea.

Sprint 1 is about defining the business idea and conducting market research around the area that you want to explore.

Objectives

• Define the industry challenge
• Conduct a market analysis
• Start customer discovery process

Workshops

• Brainstorming
• Competitive Analysis
• Market Positioning Map
• Ecosystem Mapping
• Customer Profiles

Sprint 2 is about analyzing extensive user research from in-depth interviews to improve the future direction of the product.

Objectives

• Kick off the interview process
• Derive insights from user interviews
• Polish up personal branding

Workshops

• Customer Outreach
• Interview Discovery Process
• Bottom-Up Market Sizing

Sprint 3 is about defining the business model and product solution based on feedback received from potential customers.

Objectives

• Define the product space
• Develop the business model
• Get interim board conclusion

Workshops

• User Persona
• Customer Journey
• Prototype Mapping
• Value Proposition Design
• Business Model Canvas

Sprint 4 is about prototyping and verifying the viability of your design concept through different methods of evaluation.

Objectives

• Test prototype to refine ideas
• Build your go-to-market strategy
• Set-up sales process and plan

Workshops

• Prototyping
• Usability Tests
• Product Roadmap
• Go-to-Market Strategy
• Target Audiences

Sprint 5 is about creating a detailed financial model as part of your business plan and securing LOIs from various partners.

Objectives

• Develop a financial model
• Write comprehensive business plan
• Prove traction with design partners

Workshops

• Cost-Benefit Analysis
• Financial Modeling
• Operations Overview

Sprint 6 is about the final presentation to our board of directors who decide on the successful foundation of your venture.

Objectives (If Case is Approved)

• Start co-founder search
• Transition to venture building
• Foundation of your company

Workshops

• Legal Structures
• Business & Financial Plans
• Pitch Training Lessons

The Products & People
We Invest In

For every solution we co-create, we use state-of-the-art technologies
such as IoT, AI, and DLT that contribute to 3 key areas and work toward at least 5 of the 17 SDGs to deliver long-term environmental and societal benefits.

Democratization of Technology

Democratization
of Technology

Is leading to faster development cycles where advancements that have previously taken years to evolve occur in a much shorter timeframe. The confluence of technology, ethics, economics, and sustainability will drive forward a new world powered by digital inclusion, equality, and trust.

Decentralized Ecosystems

Decentralized
Ecosystems

Is unleashing a movement that combines intelligent systems with incentives that promise to align human self-interest with social good. Decentralization, through the use of blockchain technology, is enabling P2P cooperation and sustainable self-governance in ways never seen before.

Prosperity & Sustainable Growth

Prosperity &
Sustainable Growth

Is decoupling economic growth from environmental degradation. New solutions are agile, scalable, and configurable, which means that these solutions can be varied and easily deployed across various industries. As new service models and marketplaces emerge, new jobs and industries will be created.

SDG 7 affordable and clean energySDG 3 good health and well-beingSDG 9 industry innovation and infrastructureSDG 11 sustainable cities and communitiesSDG 12 responsible consumption and production
Portrait photo of co-founder Dan
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"driven & friendly"

Internet of Things
(IoT)

IoT is bridging the gap between the physical and digital realms and is transforming a world of things into a world of data. By 2025, 73 billion devices will be connected to the internet.

Portrait photo of co-founder Dan
This is some text inside of a div block.
"driven & friendly"

Artificial Intelligence
(AI)

AI is validating transactions, providing authentication, and powering autonomous algorithms. AI could contribute over $15 trillion to the global economy by 2030.

Portrait photo of co-founder Dan
This is some text inside of a div block.
"driven & friendly"

Distributed Ledger Technology
(DLT)

DLT is eliminating the need for a central authority and allows for the storage of all information using cryptography. Blockchain could add over $3 trillion in value by 2030.

EiR what we look for in an entrepreneur

What We Look for
in an Entrepreneur?

From experienced business operators to technologists and serial entrepreneurs, we work with skilled founders regardless of their background or geography. No two founders will look or think alike but there are some general traits that we specifically look out for.

Entrepreneurial Skills

You are willing and able to keep on going even when you’re faced with obstacles. Tenacity and passion are part of what defines you but you’re also ready to learn from your mistakes to become a better leader.

Personal & Professional Goals

You always find a window of opportunity when one door closes. You’re a self-starter and can motivate yourself and others to work towards a common vision. You set ambitious goals and have a successful track record in achieving them.

Core Capabilities

You display leadership qualities in building teams, recruiting, and strategic thinking. We’re also looking for individuals who have superpowers in the areas of engineering, design, product, business development, or sales.

Knowledge & Experience

Your unique industry perspective helps form the foundation of your company’s competitive advantage. We act as your committed technical co-founder but you should have a basic understanding of how to use technology in innovative ways to improve lives.

capabilities
Knowledge & Experience
Core Capabilities
Entrepreneurial Skills
Personal & professional Goals

Successful Funding &
Incubation of Your Startup

If your business case is selected after our 4-month program, you will co-found a company with
Next Big Thing AG where we will invest up to €1M in services and support to get you started.

Global Leadership

Global Leadership

As the leading venture studio in the Machine Economy, we have a strong industry voice with a global presence to support your entire entrepreneurial journey.

Market Access

Market Access

Our unparalleled network of corporate partners offers you access to key decision-makers and expert recommendations about GTM strategies that will help you reach new markets.

High-Tech Laboratory

High-Tech Laboratory

Equipped with cutting-edge manufacturing and prototyping tools, we provide you with the space and resources essential for the next generation of hardware development.

Seed Capital

€625k Seed Capital

With seed capital, and the ability for founders to draw up to €60k in compensation per year, you can focus on your business case and move quickly into new markets.

2000 Hours in Services

Up to 4000 Service Hours

Our teams help with business validation, assembling an experienced team, product development, and resources worth €400k to help you grow and scale your business.

Real Equity Stake

Real Equity Stake

With the foundation of the company, equity is split among each founder and Next Big Thing AG  (majority ownership), plus VSOP options for future employees.

Next Big Thing AG
4000HRS SERVICE PACKAGE
Business Development & Financial Modeling
Check
Marketing & B2B Sales Support
Check
Software & Hardware Development
Check
Talent Sourcing & Team Development
Check
Product Management & UX Design
Check
Legal Advice & Operational Infrastructure Set-Up
Check
Go-to-Market Strategy
Check
Fundraising & Data Room Preparation
Check
Next Big Thing

Service Package

Advanced page

from $2,500

Very Advanced page

from $4,000

Per page
Incorporation & Operational Infrastructure Set-Up
Medium
Business Development & Financial Modeling
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Software & Hardware Development
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Product Management & UX Design
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Go-to-Market Strategy
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Marketing & B2B Sales Support
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Talent Sourcing & Team Development
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Legal Advice & Contracting
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Pricing is in USD

Upcoming Events

Meet us in person at one of our monthly events - looking forward to see you!

16th December
REGISTER
How to Successfully Build a Financial Model for Your Startup
Launching your own business is complicated, especially when it means that you have to take charge, predict, manage, and preserve finances.

Guest Speaker
Grzegorz Tałuć
Senior Financial Analyst
Emkay Khan
Mohammad Khan
CEO Makula
16th September
EVENT ENDED
Launch your Digital Marketing
Strategy in 6 Easy Steps
Learn the tactics that will give your startup a competitive edge and how you can leverage your existing resources to thrive in today’s dynamic market!
Guest Speakers
Juliane Verissimo
Digital Marketing Manager
David Turegano
Venture Growth Manager
Mohammad Khan
CEO Makula
Portrait photo of co-founder Dan
This is some text inside of a div block.
"driven & friendly"

Internet of Things
(IoT)

IoT is bridging the gap between the physical and digital realms and is transforming a world of things into a world of data. By 2025, 73 billion devices will be connected to the internet.

Portrait photo of co-founder Dan
This is some text inside of a div block.
"driven & friendly"

Artificial Intelligence
(AI)

AI is validating transactions, providing authentication, and powering autonomous algorithms. AI could contribute over $15 trillion to the global economy by 2030.

Portrait photo of co-founder Dan
This is some text inside of a div block.
"driven & friendly"

Distributed Ledger Technology
(DLT)

DLT is eliminating the need for a central authority and allows for the storage of all information using cryptography. Blockchain could add over $3 trillion in value by 2030.

Missed Our Live Webinar?

No worries, you can watch the recorded versions here.

EiR Founder Story
IBC SUPPLY CHAIN
"Inspiring Quote from EiR founder"

There was a perfect balance of support offered by NBT and the autonomy for me to investigate, explore, and validate my business case.

Max Drechsler
CEO Vitreo
M2M Infrastructure
"Inspiring Quote from EiR founder"

During every stage of the EiR program, NBT’s venture building approach was personalized, flexible, and they adapted to my needs.

Nemanja Nikodijevic
CEO Makinas
Manufacturing & IIoT
"Inspiring Quote from EiR founder"

NBT has launched a winning strategy to transform ideas into successful ventures. This blueprint helps entrepreneurs avoid a ton of common errors that arise when building a new company.

Mohammad Khan
CEO Makula
Webinar Showroom
11 AUGUST 2021
"Inspiring Quote from EiR founder"

10 Startup Mistakes Every Entrepreneur Should Avoid

Contents
• How to conduct proper research to identify market needs
• How to differentiate your product from the competition
• How to clearly define and achieve your customer’s needs
• How to successfully test your offering
• How to define your business focus
• How to avoid poor execution strategies
• How to ensure you don’t fall into the trap of failed leadership
• How to overcome the fear of failure
• How to know when to scale the company
• How to successfully pitch your business
Guest Speaker
Sera Akinci
Venture Growth Manager

Frequently Asked Questions

Do I need a startup idea to apply?
Chevron

Yes, we require that you have an idea to apply for one of our key topic areas. We select forward-thinking founders who propose products or create meaningful innovations that solve real-world problems. Your idea doesn’t need to be perfect or validated yet—that’s why our EiR program was built—but we do want to see that you’ve carefully considered the possibilities of your idea. We care more about the potentialpotential of the business case and your desire to make an impact as a possible candidate.

How many cohorts do you run per year?
Chevron

We run three cohorts per year. While each cohort focuses on different topics, they all relate to the overarching theme of the Machine Economy and its associated technologies—the Internet of Things (IoT), Artificial Intelligence (AI), and Distributed Ledger Technology (DLT). The starting date for each cohort begins in February, June, and October, respectively. The final interview process takes place one month before the start of each new cohort so that you’re notified (if selected) two weeks before the start of the program.

Can I still apply if I’m non-technical?
Chevron

Yes but you should have a basic understanding of how to use technology in innovative and transformative ways. If you don’t come from a technical background but have strong beliefs from working in industry, we’d welcome an application from you. Some of our most successful companies have been built by co-founders with a combination of technical and domain expertise but again, we care more about your passion and ambition.

Can I apply if I have raised investment already?
Chevron

Yes, you can still apply if you’ve received a very small investment or have been awarded a grant. However, depending on the arrangement, it does sometimes prevent us from being able to invest in your company and from offering you a place in the EiR program. We tend to deal with these situations on a case-by-case basis.

What if I already have a team or co-founder?
Chevron

That’s great news! We’re happy to welcome two founders because this means that we can split the responsibilities from the very beginning with one founder focusing on product and the other on the sales and go-to-market side of things. But don't worry if you haven't found anyone yet. Our team spends hundreds of hours screening individuals to give you the best shot at finding the right co-founder with the right entrepreneurial spirit and domain expertise in your area of focus.

What happens if I get rejected?
Chevron

In the case you are not selected, it doesn’t mean that your entrepreneurial journey is over. You can always apply again for one of our next cohorts. Perhaps the information that you sent through wasn’t enough or the market opportunity of your case was too small. Either way, it’s a good opportunity to rethink your idea. In any case your profile will be added (if you’d like) to our co-founder pool and you will be notified if a new opportunity opens up.

Do I need to move to Berlin or can I work remotely?
Chevron

Next Big Thing is based in Berlin and the people that we select relocate to join us from all over the world. There’s no obligation for you to stay in Berlin for the full duration of the EiR program (plus we’re in the middle of a pandemic) but you will need to be in Berlin for the incubation phase, when you raise your seed capital, and when it’s time grow your startup. Our entrepreneurs benefit the most when working in our offices with direct access to our expertise, knowledge and network which has a resounding influence on the success rate of the project.

I don't have the right to work in Berlin - can I get a visa?
Chevron

If you don’t have the right to work in Germany, we are able to connect offer holders with immigration specialists who can support in your relocation and provide you with the visa options based on your personal circumstances. In general, we prefer candidates that already have the right to work and/or run a company in Germany.

Can I apply for an open call?
Chevron

Even if your idea doesn’t fit into the general mould of our suggested topics, if you think you have a great idea with significant potential that’s underpinned by advanced technologies — please apply via this link.

Have More Questions?

Just reach out! We’re always around to answer any questions.

contact us

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