Startup acceleration


Are you an entrepreneur? Do you wish to move your project up a gear?

NUMA is a leading start-up acceleration programme in France.

Now: Season 9

Season 10: October 2016

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Offers background
109

startups accelerated

since 2011

85 %

still in operation or exited

63 %

have raised funds

1 M€

raised on average per startup

Why choose NUMA?


In return for a 5% shareholding, you enjoy access to:

Top-quality mentoring
- Meetings with resident experts and entrepreneurs dedicated to your success.
- As many individual sessions as necessary, with the 150 entrepreneurs and sector experts in our network.

Opportunities
- Access to NUMA’s corporate network.
- Professional connections with more than 100 partners (Google for Entrepreneurs, Cisco, BNP Paribas, L’Atelier BNP, etc.).

Infrastructure
- A four-month residential programme on our premises, designed to foster efficiency and collaboration.
- Free access to infrastructure in all our global branches (Moscow, Bangalore, Barcelona, Mexico City, Casablanca).
- Exchange opportunities with our foreign partners (Google for Entrepreneurs, GAN, European accelerators).

Financial support
- €25,000 repayable loan.
- The equivalent of €700,000 in advantages made available by more than 70 leading partner companies.
- Preferential contacts with investors through our Demo Days and other networking events.

Alumni
Lifetime access to our NUMA Alumni network: you’re now part of the family!

How the programme works


1

Washing Machine

Creating a sense of urgency

What is it?
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  • Team building
  • Kick off
  • Mentors madness
  • NUMA Bootcamp

In your first weeks with us, we strive to create a sense of urgency with regard to your project. Intensive work sessions with many mentors will help you to iron out your key success factors, from your value proposition to your product and business model.

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2

Growth

Developing a successful product and business

What is it?
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  • Theme-based workshops
  • Office hours with NUMA experts
  • Connections with our major partners
  • Work sessions with renowned CEOs

Over the next three months, your start-up enters into an intense test and learn phase. Experienced entrepreneurs and experts will assist you with your project and will keep you focused on the key development factors for your business. No time to waste on the unimportant.

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3

Money Time

Fine-tune and share your vision

What is it?
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  • Pitch coaching sessions
  • Informal meetings with investors
  • Media outreach
  • Demo Day

The home stretch to get ready to tell your story, get people on-board and take to the skies.

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Is this program for me?


We are looking for talented, ambitious entrepreneurs who wish to develop a profitable and lasting international business.

More specifically, our startups:

Are early-stage startups.
Have considerable growth potential.
Are predominantly technological.
Are from all business sectors.

They could be your mentors


More than 150 mentors are on hand to assist you, including EdTech, FoodTech, IoT, eCommerce, Virtual Reality, FashionTech and Tourism. At NUMA, you will find the best advice to accelerate your growth. They are behind you.
Cedric Giorgi

Founder of Cookening, Special projects at Sigfox
Maxime Valette

Founder of viedemerde.fr (VDM)
Marc-Antoine Guarrigue

VP Growth at MeilleursAgents.com
Cécile Conaré

Founder of CCÉCILE+CO
Renaud Guillerm

Founder of Vide Dressing
Mallorie Sia

France Director at Treatwell
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Imène Maharzi

Partner at Butterfly Partners
Arthur Waller

Founder at PriceMatch
Annabelle Roberts

Founder at Present Perfect
Cyrille Vincey

Founder at Qunb
Marc-David Choukroun

Founder at Food Assembly
Paulin Dementhon

Founder at Drivy
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NUMA accelerated them


Season 3 / Series A : $ 3m (Mar-16)
With Augment, simulate your 3D models in real world, real size and real time. Create amazing interactive print experiences or empower your sales team with the most effective sales aid.

Season 1 / Acquired by Twitter (2014)
Mesagraph is a service that builds bundles of information from Social Media which are relevant and useful for its users.

Season 3 / Series A : € 2.5m (Jun-14)
Lima is a revolutionary and innovative technology. Composed of a smart hardware adapter and a multi-platform app, Lima enables users to easily and seamlessly access their entire digital library from all of their devices, wherever they are.

Season 1 / Acquired by Intralinks (2014)
docTrackr helps businesses keep their documents safe and secure, wherever they’re stored, whomever they’re shared with.

Season 1 / 1.3 million users
Bankin’ is a Fintech company developing solutions allowing its users to manage all their bank accounts in a single interface and gain in-depth understanding of their finances.

Season 3 / Series A: $7M (Jun-15)
Sketchfab is the place to be for 3D files: a platform to fund and publish the best 3D Content. What Youtube did for for video makers, Sketchfab is doing for creators of 3D content.

Our technical partners


€700K of advantages from more than 70 partners.

The team


Olivier Mougenot

Investment Director
Romain Amblard

Acceleration Director
Anna Hosteing

Program Manager
Charles Hamon

Junior Partnership Manager
Alix Romatet

Startup Manager Junior
Adrien Moreau

Selection Manager
Romain Dahan

Startup Manager Junior

FAQ


What does NUMA provide?

In exchange for a 5% equity stake, each startup participating in the 4-month program will benefit from:

- Weekly one-to-one meetings with an Entrepreneur in Residence
- Office hours with Experts in Residence in Growth Hacking, Finance & UX/UI
- Open access to 150 experienced mentors, entrepreneurs and industry experts
- Indefinite access to NUMA’s workshops, tutorials and resources
- PR exposure through NUMA’s corporate events and communication materials
- Connections to investors through the Demo day and other investor meet-ups
- Qualified introductions to our corporate partners: BNP Paribas, Cisco, Google for Entrepreneurs, l’Atelier BNP Paribas and our partners’ network
- Introductions to NUMA’s international network of alumni, partnering accelerators and foreign offices (currently India, Russia, Spain, Mexico and Morocco)
- 4-month free office space for up to 3 people
- More than 70 perks including free consultations with partnering accounting and law firms

The face value of these services amounts to approximately 767K€ per startup.

In addition to these acceleration services, NUMA provides a financial support of 25,000€ to startups when they join the program.

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How to apply?

When to apply?
You can now apply to NUMA Paris Acceleration Program at any time. We’ll reply to you in less than 4 weeks. We have a continuous evaluation process, reviewing your application and sending it to our experts for evaluation as soon as you submit it to us.
Each month, we conduct 1-to-1 interviews to meet the team and validate your acceptance to the program. The deadline you see on the website gives you the date and time of the interviews you’ll take if you apply before that date.
Note that startups accepted in the first round of interviews will get a personalized follow-up and pre-acceleration opportunities. before the start of the season.
Note than you can re-apply a second time to another round of a same season.
We fill in the positions after each round of interviews. If we select 15 awesome startups in the first rounds, we will still be conducting the next rounds of 1-to-1 interviews but the startup selected in this late round will be entering the Season 10.
Note that startups that submit early before the deadline have a significant advantage because we have more time to study their applications.

How is the selection done?
The selection process consists of three steps starting from your F6S application. Only complete applications are evaluated. Applications are reviewed by NUMA team and sent to be scored by 3 evaluators. The score your project receives reflects various key factors of success including your team, experience, market and product. Depending on your score, you may be invited to participate to one-to-one interviews and pitch sessions. We are currently selecting 10 to 15 startups for this season, depending on the quality of applications we receive.

Dates for Season 10
Kick Off: October 24th 2016
Selection Batch #1 - Deadline to apply: July 6th - Finals: July 19th
Selection Batch #2 - Deadline to apply : August 20th - Finals: August 30th
Selection Batch #3 - Deadline to apply : September 15th - Finals: September 28th

I’m concerned that if I apply, you won’t protect my intellectual property. Should I be worried about this?
No you shouldn’t. NUMA is committed to protecting the confidentiality of the applications it receives. Rest assured, we have no interest in sharing your application with non-evaluating parties.

Do we need to write a business plan?
No, you don’t have to write a business plan. All you have to do is to complete the F6S application form. You’ll have to fill out information about your business, the team, the market…

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What’s the selection process?

One-to-one interviews
During the interviews you’ll be invited to pitch in front of a jury of experts eager to know more about your project and your team. The pitch should last no more than 5 minutes followed by a 15-minute Q&A session. Obviously we’d much prefer meeting you in person at NUMA Paris. However should you not be available to attend in person, we can arrange a video-conference. Keep in mind that both connection problems and sound quality can end up impacting the presentation.
Results are usually communicated within a week.

Formal agreement
If you’ve made it through the finals, along with our sincere congratulations you’ll receive an agreement detailing the program’s conditions and a bunch of legal documents regarding our future partnership. You’ll need to confirm that you accept those terms and conditions.

Can I meet with you during the selection?
Unfortunately we can’t meet in person with every startup that wants to take part in the program. There are just too many. Essentially the NUMA application process is the way we decide which of them to meet in person.

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What kind of startups are you selecting?

What kind of startups are you going to choose?
NUMA’s acceleration program is dedicated to early stage startups at the seed or early-growth stage. The program doesn’t have any specific industrial focus. Accelerated startups operate in a wide range of sectors which provides us with a wealth of industrial insights.

I’m a single founder. Can I still get accepted into NUMA, or do you only look for teams?
Although the selection process isn’t narrowed to that single criteria, the team plays an important role in our evaluation. NUMA is looking for great teams with talented founders who have, or can attract, the core skills their businesses will need to be successful.
Finding the right cofounder can take a while and we don’t want you to spend the short time you have with us recruiting or looking for a partner. Remember, our job is to accelerate your business and we cannot do it unless the basic components are in place. We’ve seen too many well-meaning entrepreneurs with great potential either completely stuck with their project because no one could execute on decisions or burned out from carrying too much responsibility on their own.
If you’re solo, take this as your first challenge: convince someone that you’re an excellent business partner and that your project has great potential. If you can’t do that, how will you persuade your customers? If you’re not ready yet, consider taking some time to strengthen your founding team and apply for the following season. NUMA won’t disappear and there will be another chance.

We feel we’re more advanced than other startups. Will we still get something out of the program?
We help early stage startups all along their journey to KPIs that are fundable by VC investors. Whether they are in the product design phase, market testing their product, growing their client or use base or even looking for VC funding. A number of startups we accelerate have a fully-developed product or generate revenues when they join the program. We work with them on their go-to-market strategy, business model, provide qualified introductions to corporates in our network or advise them on their funding strategy.
No matter where you’re starting from, we adapt to your needs and you will extract significant value from the program.

Does my company need to be incorporated before joining the program?
No, your company doesn’t need to be incorporated to join NUMA. This won’t influence in any way your application. Your company’s incorporation can be done at any point in time during the first 2 months of the program. Partnering law firms will be able to assist you with the paperwork.
However please note that NUMA’s 25.000€ can’t be provided until your startup is legally set-up.

I’m not French; can you help with visa issues?
Sorry, visa procedures are outside our area of expertise ! However we can introduce you to immigration agents previous startups have been working with or simply guide you to the relevant public institutions. If anyone on your team requires a visa for their 4-month stay in Paris you should start your visa application procedures as soon as your participation is confirmed.

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What is happening during the 4-month program?

Do I have to be in Paris during the entire acceleration program?
Yes, we require you to be in Paris. Much of the program’s value hinges on your presence in town to attend events organised for you (scrums, coaching sessions, speed-dating with corporates…). Being physically close to NUMA will also allow you to leverage all the informal opportunities with our mentors, alumni, corporate partners, angel or VC funds which visit NUMA from time to time. Season 8 will start on June 20th 2016 and finish mid October 2016.

What is the Demo Day?
The Demo Day is the last event of the acceleration program. You’ll be provided with the opportunity to present your start-up to a large panel of investors, corporates and journalists. Our last demo-day was hosted salle Gaveau and gathered 500 influential professionals, including 100 angel or VC investors.

Who are the experts?
NUMA works with a wide network of 150 experts with complementary profiles to ensure accelerated startups have access at all times to all the expertise their project needs. Those experts are either web entrepreneurs, industrial experts or specialists from one of those areas where educated advice does makes a huge difference, be it, product design, UX, marketing, funding or HR. During the first part of the program, you’ll meet with a lot of them to help you identify those mentors you both need and want to work with. Whilst some of them are seasoned and recognized professionals (Ludovic Le Moan founder of Sigfox, Antoine Brenner founder of Gymglish, Cédric O'Neill founder of 1001 Pharmacies), name dropping doesn’t make sense. The most important thing is that NUMA is consistently looking for experienced people in different fields with a selective approach. And the match is up to you !

What is a technical partner?
We have +70 offers and promotions from a variety of partnering startups and corporates. Ranging from free pictures with Fotolia, cloud computing services offered by AWS Amazon, free access to recruitment platform… you name it ! All of our startups agree : those offer save them both valuable time and money.

We’ve been accepted into a Parisian incubator at the same time as NUMA’s program. Do we have to give up this opportunity or do you accept teams who work from another location?
If your project needs access to specific facilities (Fab Lab..), we completely understand that you’d need to work from other places. However, to make the most of the opportunities the program can provide you, we strongly recommend to work from NUMA’s offices. As a minimum, we require you to be available to attend a few key sessions during the week. Those include monday morning’s scrum, weekly meetings with your EiR and mentors and speed datings with our corporate partners’ teams.

What are the most famous startups that graduated from NUMA’s acceleration program?
We’ve accelerated many great businesses since our beginning so it’s hard to choose! Some of our most renowned startups include Mesagraph ‘acquired by Twitter), Sketchfab, DocTrackr, Bankin’, Zéro-Gâchis, Qunb (acquired by Ve Interactive), Artips, Lima, Agriconomie, Trip’n’drive, Infinit, Augment, Julie Desk, Soundsgood, Tiller Systems, StreamRoot, and Deepomatic.

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Your agreement with NUMA

How much does the acceleration program cost?
The acceleration program is free and provided to you in exchange for a 5% equity stake in your company. It includes mentoring, access for life to our workshops and tutorials, office space for up to 3 people, access to our events and a financial support of 25.000€. Please refer to apply.numa.co for a full list of the program’s benefits.

Do you take a 5% equity to all startups regardless of their valuation?
Yes. The terms of NUMA’s investment and support are standard and apply to all participating startups.

What are the terms of NUMA’s financial support?
NUMA’s financial support is provided by way of shareholder loan.
This financial support is:
- Interest free ;
- Non recourse to the founders in case of failure ;
- Non-reimbursable for an initial period of 18 months ;
- Convertible in shares in context of a capital increase if both parties wish to do so ; OR
- Reimbursable over 18 months after the initial 18 months.

How does NUMA take 5% in the startups accelerated?
NUMA acquires its equity stake from the founders at the shares’ nominal value.

Why acquiring shares and a shareholder loan and not invest through a traditional capital increase?
The mechanics of the share acquisition and shareholder loan, avoids tedious and costly administrative procedures required under French corporate law :

A standard capital increase typically costs a minimum of 2.000€ in legal fees and registration procedures;
Evaluating the program, which is part of our investment in your company, would require an external valuation intervention of an independent expert (“Commissaire aux apports”) which would cost an additional 5.000€.
Considering NUMA’s 25.000€ financial support, this would significantly dilute the impact our financial support may have on your business.
Less importantly acquiring shares, as opposed to a standard capital increase, also avoids creating any valuation reference for your business which can create significant debate.

Do I have to accept NUMA’s financial support?
No, obviously you are free not to take NUMA’s financial support. This money is here to help you get things started. If you believe that your startups doesn’t need it, by all means don’t use it.

My company is based in the US. Can NUMA invest through a traditional capital increase?
Unfortunately not. We have to provide fair and equal investment terms to all of the startups it accelerates.

Will I need advice from a lawyer to review the documentation with NUMA?
The contractual arrangements with NUMA have been drafted by lawyers and several batchs of startups have already entered them. Hence we would recommend that you don’t spend too much time or money with this. Naturally if your governance arrangements requires it or if you’d be more comfortable having them reviewed by a lawyer, any partnering law firms could provide you with independent advice.

What if I’m not happy with the acceleration program?
It’s fine for both of us if you decide to quit the program within the first 3 weeks. Indeed, during that time, both sides (NUMA or you) can unilaterally end up the acceleration protocol and this without cause or compensation.

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What happens after the program?

Can I attend NUMA’s workshops, tutorials and mentor sessions after the program?
Absolutely. startups accelerated at NUMA now have access for life to all educational resources or events designed for startups.

What are my financing options after the program?
NUMA provides you with 25.000€ financial support to help you get things started. Most likely you’ll need additional funding after the program. On average 65% of our startups raise funds after the demo day. Since 2013, the round table of our graduating startups amount to 500k€ on average and our closed 8 months after program.

Will NUMA help me raise funds?
Naturally. This is part of our role. Specific workshops are planned during the program to help you understand how to raise funds. We also organized meetups with investors to make sure you get exposed to them.

Our Investment Team will also sit down with you to review your financing options and guide you on the best way forward.

Apply now!

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Accelerator partners


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Official partners