Building the best corporate acceleration program for deeptech startups in the world
Interview with Markus Bohl, Managing Director of Intel Ignite Europe
Hello everybody!
I hope that you are doing fine!
I sat down with Markus Bohl, the managing director of Intel Ignite Europe to learn more about their secret sauce and how they are helping 80 startups per year.
Plus, we dived into the selection process of Intel Ignite - one of the best deeptech acceleration program in the world.
Our Guest
Our guest today is Markus Bohl is the managing director of Intel Ignite Europe since 2022.
Serial entrepreneur, he has gathered 20 years of experience as entrepreneur himself.
He is also an investor in early stage startups.
The episode
Summary
Marcus Bohl from Intel Ignite Europe discusses the startup selection process and the support provided by the program. Ignite is a non-dilutive acceleration program for early-stage deep tech startups. They select companies based on technology, team, and eight verticals. The selection process is rigorous, with two cohorts per year and 300-320 companies per cohort. The top 18 companies are invited to a selection day, where they are assessed by a panel of experts. Ignite helps startups find product-market fit, connect with customers, build teams, and raise funding. They emphasize the importance of coachability and the ability to hire better than oneself. Intel Ignite is an accelerator program that supports deep tech startups. The program focuses on helping startups develop their technology, build their business, and connect with investors and customers. The program lasts for three months and provides mentorship, resources, and access to Intel's network. The role of the CTO is crucial in each branch of Intel Ignite, providing technical expertise and guidance to the startups. The program also emphasizes the importance of effective communication and messaging for deep tech founders. Intel Ignite aims to create value by facilitating collaborations between startups and Intel, as well as other ecosystem players.
Keywords
#IntelIgnite, #startupselection, #accelerationprogram, #deeptechstartups, #technology, #team, #verticals, #selectionprocess, #productmarketfit, #customerconnection, #teambuilding, #fundraising, #coachability, #Intel; #acceleratorprogram, #deeptech, #technologydevelopment, #businessbuilding, #investor, #customer, #CTO, #effectivecommunication, #valuecreation, #collaborations
Takeaways
- Intel Ignite is a non-dilutive acceleration program for early-stage deep tech startups.
- Startups are selected based on their technology, team, and fit within eight verticals.
- Ignite helps startups find product-market fit, connect with customers, build teams, and raise funding.
- Coachability and the ability to hire better than oneself are important traits for founders. Intel Ignite is an accelerator program that supports deep tech startups in developing their technology and building their business.
- The role of the CTO is crucial in each branch of Intel Ignite, providing technical expertise and guidance to the startups.
- Effective communication and messaging are important for deep tech founders to convey the value of their technology.
- Intel Ignite aims to create value by facilitating collaborations between startups and Intel, as well as other ecosystem players.
Titles
- The Importance of Coachability and Hiring
- Intel Ignite: Accelerating Deep Tech Startups The Crucial Role of the CTO in Intel Ignite
- Effective Communication for Deep Tech Founders
Sound Bites
- "We make them go faster."
- "Get out of the building."
- "Share of talking time."
- "And if you are an Asian company, you can apply to Tel Aviv or UK!"
- "How do you help them switching to, okay, it's okay to sell, it's okay to do marketing, build a brand?"
- "What are you doing and why should I care to buy from you?"
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Apply for Intel Ignite!
Funny enough, Intel is actively looking for the fall 2024 cohort. 10 companies will be selected in 4 different locations - US, UK, Israel and Europe.
The application process is open all-year long so if you read this later, apply and you’ll be considered.
Apply for Intel Ignite if you are in one of those domains:
AI/ML & Computer Vision
Autonomous & Robotics
Hardware & Manufacturing
Software Dev Tools & DevOps
Security & Privacy
Data, Cloud & Edge
Next Gen Compute
Web3 Infrastructure
Click here to learn more about Intel Ignite
Click here to apply!
https://intelignite.com/apply/
Good luck 🍀
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Cheers
Jerome