Looking to apply to the Zinc Venture Builder? Here’s everything you need to know
Zinc is seeking 70 extremely ambitious, talented individuals from across the globe who want to become Zinc Founders and build businesses to transform people’s financial resilience.
The 12-month Venture Builder starts full-time, in-person in our London headquarters, in October and April of each year. Will you rise to the challenge and join us?
Zinc is an early-stage investor. We back Founders who want to build a new mission-driven business, even if they don’t yet have a team or an idea. We support the Founders to build brand new commercial businesses by providing access to co-Founders, investment, experts, in-house research & development (R&D) support and a proven process to launch a new venture.
You can find a full list of our FAQs in the document below, but here are a few questions you may find useful:read the full FAQs here
What will the hours be like? Can I work on something else while on the Venture Builder or could I join part-time?
The Venture Builder is a full-time commitment, based in London. We do not offer remote or part-time options as it requires 100% commitment and focus – you will need to step away from any full-time professional commitments to join and build your new business.
What is the Zinc investment?
When Zinc backs a Founder to build a business, you receive up to £250,000 in funding. This breaks down as:
- £13,200 stipend across the first 6 months per founder (we have increased this by 10% to support with the cost of living crisis)
- £80,000 first investment for any company that we decide to back
- ~£150,000 follow on investment in the company’s seed round
Is there an application deadline?
Places are offered on a first come first serve, rolling basis and we receive hundreds of applications for every Venture Builder. As a result, applying earlier is best, especially if you require a visa or have a notice period to meet.
What happens if I miss an application round deadline? Or just recently found out about the Venture Builder at the end of the application process?
We have application rounds, but there is no clear-cut deadline for submitting an application. We are seeking great talent 365 days a year.read the full FAQs here
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Transforming people’s financial resilience and turning uncertainty into opportunity
Many people have been suffering a cost of living crisis for decades. This year, that crisis has spread to most of the population, causing a major shock across the developed world.
Whilst the immediate issues of rising energy costs and the COVID pandemic have tipped a lot of people over the edge, the underlying economic insecurities have been building for a long time.
Even before the energy and COVID crises, 100m people in Europe and 90m in the US were financially fragile. They wouldn’t be able to pay an unexpected bill today of $400, access $2000 within 30 days if they need it, or pay for food and basics if they’re out of work for 8 weeks.
In this mission, we want to empower middle-aged people to turn uncertainty into opportunity, to seize technology and make it work for them, to reinvent their lives (not be reinvented by others) and to achieve the financial security they need to navigate their own way through a changing and uncertain world.
Transforming the Industries That Have the Most Impact on Our Environmental Crisis
Urgent action is needed in this decade to help businesses address these changes and their impacts, and adapt to the changes that are inevitable. In light of the threat that the climate and biodiversity crises pose to human wellbeing and planetary health, there is consensus about the need for urgent transformation. In particular transformation is needed in impactful industries, which are not fit to meet the current and future needs of people and our changing planet.