Event Recap: Pitchbook

PitchBook came to Hult to talk about their company to our Founders and stayed after the event for a little bit of networking as well! We were so grateful for their time and glad to see that our Founders were able to hear about such a useful tool to help their startups reach their next level of funding!

PitchBook is a company dedicated to creating a “better way to do VC, PE and M&A” by providing the best research and data on the market. Although the company is growing quickly and was recently acquired by MorningStar in 2016, they have still been able to retain their entrepreneurial spirit by empowering their employees to give suggestions that add value to the product.

They also talked at length about PitchBook University which is a way that they train their new employees on the “PitchBook ways”. The program, while focusing on training their employees, also does a great job of instilling them with company values and DNA.

While PitchBook itself is a good platform for our Founders to look into, it also a great learning opportunity for our Founders to think about how they can run their businesses in the future when they are expanding but wanting to keep that “startup feel”.

Hult Founders Lab: 2018 review

Hult Founders Lab: 2018 review

Following our progress and successes from last year, we expanded the Hult Founders Lab to the London campus this year; effectively offering the student startup incubation system to both undergraduates and postgraduates*.

  1. Dhiraj Mukherjee, Co-Founder of Shazam and former Head of Innovation for Virgin Money.
  2. Andy Jeffries, Co-Founder and Director of Dock & Bay, who managed to secure £75,000 from Dragon Investor Deborah Meaden in the UK’s hit show Dragon’s Den.
  3. Professor David James, CEO of i-Incubate, anchor professor for the HFL programme in our London Postgraduate campus and expert marketer.

The panel session discussed the future of entrepreneurship in the UK and what the entrepreneurial mind-set means to them. You can read our recap of the panel here.

We were also present at Hult’s entrepreneurship week panel which featured Y Combinator, Zipcar, Founders Factory, amongst others. You can read more about it here.

Professor Daniel Rukare, anchor for the Hult Founders Lab, representing at the Pitch@Palace Bootcamp in Ashridge.

The Hult Founders Lab was also represented at the Pitch@Palace bootcamp held on our very own Ashridge Estate campus as well as the Hello Tomorrow Summit in Paris, France.

Hult International Business School was delighted to host Pitch@Palace 8.0 Boot Camp and His Royal Highness The Duke of York, KG on Tuesday 10th October, 2017 at Hult’s historic Ashridge campus in Hertfordshire, U.K.

At this year’s event, 42 entrepreneurs have been selected to attend the Boot Camp. The Duke of York founded Pitch@Palace in 2014 to support entrepreneurs with the amplification and acceleration of their business ideas by connecting them with potential supporters including CEOs, angels, mentors, and key business partners.

Representing the Hult Founders Lab at Pitch@Palace Bootcamp in Ashridge.
Our board members representing the programme at the Hello Tomorrow Summit in Paris, France.

We further went on to send a delegation of our startups from both the undergraduate and postgraduate programmes to the renowned START Summit in St. Gallen, Switzerland.

The START Summit is an international entrepreneurship summit that takes place in St. Gallen every year, bringing together entrepreneurs, VCs, investors, and speakers from all over the world for a couple of days of intense networking, pitching, and brainstorming. It is the leading student-run entrepreneurship conference in Europe and brings together over 2000 participants to foster innovation and entrepreneurship.

Hult Founders Lab delegation led by student board member Taylor Zdruli (second from left) at the START Summit in St. Gallen, Switzerland.

Several Hult students were able to take part in the 2018 summit and greatly enjoyed their experiences. Two of our entrepreneurs, Adriano and Monica Fantino, a brother and sister pair out to start their own company, were part of the Hult delegation.

Snippet of the panelist sessions at START Summit 2018 in St. Gallen, Switzerland.

I was highly impacted by the numerous real opportunities offered during the event to connect with the right people and to got to share my business idea with them. Thanks to the application available during the entire event, I had the opportunity to book a private slot speaking session with a few of investors and was able to receive their trustworthy feedback about my business idea.

—Monica Fantino

You can read their full interview here.

We also hosted a few entrepreneurs and startups like Danielle McDonald (Clarity Architect)EarlyMetrics, and PitchBook. Such events provided our entrepreneurs with diverse perspectives on the startup scene, locally and globally, in touch with various topics such as startup valuations and brand design. We also conducted our very own version of the silicon roundabout tour in London with pitstops at one of the world’s fastest growing co-working spaces, WeWork.

Our undergraduate entrepreneurs getting a tour of the WeWork co-working offices in London.

To inspire our entrepreneurs, we partnered with Europe’s fastest growing digital bank, Revolut, which recently reached unicorn status with a valuation of $1.7 billion. Our partnership allowed Revolut to provide free debit cards to all Hult students at the event and paves way for a mutual and beneficial expansion through our Hult global campus network.

Revolut represented by Ryan Thorpe, EU/UK Business Development Manager
Revolut debit card giveaway to all attendees by London Campus Lead, Alik Jebejian.

We also hosted an Entrepreneurship Client Hackathon presented by Dhiraj Mukherjee (Co-founder of Shazam) and Anthony Daley (Founder of STORRS). In this quick client challenge lasting under 2 weeks, participants were asked to draw up a go-to market plan and an implementation timeline for an upcoming global fashion brand with access to over 1,500 patented fabric designs.

Anthony (founder, STORRS) and Dhiraj (co-founder, Shazam) briefing the startup hackathon challenge to participants at the Hult London postgraduate campus.
One of the participating teams presenting their go-to market strategy and implementation timeline to the hackathon client, Anthony Daley of STORRS.

I thought that the student’s presentations were great and they really brought a lot of new ideas and suggestions to the table. Between all of the presentations they seemed to have everything covered and so they all contributed in their own way to the outcome. They also made me think about a number of things that I had not considered.

—Anthony Daley, Founder of STORRS

Alumni Involvement

We have also worked with the Corporate and Alumni Relations team to include our strong base of alumni entrepreneurs for a better network and mentorship opportunities to take ideas to market.

Amongst other notable startups, Clustermarket—formed by postgraduate alumni Johannes SolzbachNiklas Friedberg and Tobias Wingbergmühle—returned for a speaker session on tips for how current students can manage their academic and startup commitments.

Other notable alumni entrepreneurs included founders of 2ClickSolution and Andrea Knopova (founder, ImpromptMe). We’ve connected with our vast alumni network of graduate entrepreneurs and are now working together to solidify plans for an alumni entrepreneur mentorship programme.

Forging ahead

As we continue to forge ahead, the HFL programme will continue to bring in more professionals from various domains to help add value to our founders’ ventures and to benefit from mutual growth and collaboration.

As part of the next stage of our growth, we intend to launch the programme to Boston, USA. The geographic spread of Hult Business School’s campuses helps creates opportunities beyond borders. Our international student and faculty community of over 123 nationalities represented and 88 languages spoken present unprecedented opportunities for launching and scaling businesses which transcend borders to create a more global, inclusive, and encouraging community of enterprising business leaders.

If you are looking to partner with us at the Hult Founders Lab, — whether you are an accelerator, incubator, investor, mentor, university entrepreneurship society — we would like to hear from you.

Please feel free to reach us at hultfounderslab@hult.edu, and we will respond to you as soon as we can to discuss any opportunities for the upcoming academic year programme schedule.

Hult Founders Lab: a year in review

Hult Founders Lab: a year in review

We started the Hult Founders Lab (HFL) as a simple yet ambitious mission while we were undergraduate candidates at Hult International Business School’s campus in London, United Kingdom. The programme, now a highly popular value-adding component of the curriculum, provides an avenue and platform for Hult candidates and their partners to incubate their businesses while contributing towards a practical approach to business education and fosters collaboration between business and technical domains.

It has been a year since we began the programme and since then, we have grown to work with many key players in the startup scene in London. The HFL programme has incubated more than 35 businesses since its inception. Some of which have graduated and embarked on their growth and expansion trajectories. These businesses operate in a variety of domains ranging from life-changing consumer technology to fashion to EdTech. Whereas there have been huge strides taken to launch this programme, we will attempt to highlight some.

Inter-university partnerships

Our ties with entrepreneurship societies in universities across London have helped lay the groundwork for collaborations and tackle the problem of resource gaps that all our members face. We have established connections with Europe’s largest entrepreneurship society — Oxford Entrepreneurs — and have also held joint conversations with the leaders of entrepreneurship societies at King’s College London and the School of Oriental and African Studies, University of London.

Mateusz Ciasnocha, a Hult Alumnus, who is now the Vice-President of Oxford Entrepreneurs at the University of Oxford, mentioned that in his time pursuing his bachelor’s degree at Hult, he has seen his peers with immense enterprising potential but lacked a forum for structured support.

“With the HFL programme in place, both HFL and Oxford Entrepreneurs can harness the shared entrepreneurial and fighting spirit for positive and lasting impact. HFL and Oxford Entrepreneurs looks forward to closer involvement to take this relationship to a higher level.”

—Mateusz Ciasnocha (Vice-President, Oxford Entrepreneurs)

These inter-university partnerships provide all our members with access to shared talent and expertise vital to the development of their businesses. Such a collaboration has seen the launch of one of the successful businesses from Hult graduates — Tec Avenue.

Gazi Korkmaz is a Hult Alumnus and the founder of Tec Avenue. Together with his team of postgraduates from the University of Cambridge, University College London, and an ex-CEO of a multi-billion dollar Swiss company, they formed an innovative technology start-up that is changing the way people charge their mobile devices in the future — wirelessly and at a distance.

“The mentorship programme at HFL has helped me and my team connect with interested investors and business leaders like the founder of Shazam, Dhiraj Mukherjee. Dhiraj also sits on the advisory board of the HFL.”

—Gazi Korkmaz (Founder, Tec Avenue)

Corporate involvement and mentorship

Our network goes beyond universities to include corporate and startup leaders to create a more holistic environment for those in the HFL programme and our partners. We are now proud to announce that the Boston Consulting Group Digital Ventures (BCG DV) and Virgin StartUp will strengthen their relationship and support for the HFL.

In a first-of-its-kind firm, BCG DV’s knowledge and expertise have helped business, especially large corporations, to invent, build, scale, and invest in startups to solve critical problems. As demonstrated in one of our recent fireside interactions, the unique set up of teams at BCG DV across all levels bring a distinct yet remarkable set of capabilities to create and grow disruptive digital products and platforms.

Similarly, our partnership with Virgin StartUp in the United Kingdom has enabled the daring amongst us to grow and scale their businesses. Virgin StartUp is a not-for-profit company under the Virgin Group which provides government-backed startup loans and hand-picked business mentoring for those in the programme.

Paul Adams, who is Head of Education at Virgin StartUp, sits on the advisory board for the HFL and has interacted with our startup founders during their periodic appraisals.

Paul Adams, Head of Education at Virgin StartUp, conducting an interactive course for HFL at the Hult International Business School undergraduate campus in London.

“The Hult Founders Lab taps into the entrepreneurial spirit of some of the best minds at Hult. We have been impressed by their teams, which have come up with very creative products and services with enormous potential to solve everyday issues. I am excited to see what lies ahead for the managing team and those who are in the programme, and we at Virgin StartUp are ready to lend our support and expertise!”

— Paul Adams (Head of Education, Virgin StartUp)

Many leaders like Paul Adams come together to form the mentor corps in the HFL programme. One stellar example is Alex Moss who is the founder and CEO of Canaria — a small team that produces non-invasive and non-obstructive vital signs monitoring devices and systems which have received top accolades from NASA.

Access to national and regional startup ecosystems

Our proximity to the range of startup incubators and accelerators in London has also empowered our business founders to exploit the ever-changing opportunities and learn about the different growth tracks at their disposal. For instance, our founders have interacted with executives in Startupbootcamp and the Rainmaking Loft to discuss growth tracks to consider for their businesses. Besides visiting co-working spaces around London, our founders also have access to General Assembly and the Google Campus where they are encouraged to use the space, attend events and classes to equip them with the necessary skills to take their business to the next level.

(From left, in foreground) Jonathan Hu and Dan Evans Ngo in attendance at one of the fireside seminars organized by the Hult Founders Lab.

We have also sponsored a delegation of our founders to startup conferences in and around the country to expand our reach. In March 2017, we attended the highly successful START Summit in St. Gallen, Switzerland. The conference had over 1500 attendees ranging from students, founders, and investors. Our delegates also had the opportunity to reach out to Europe-headquartered incubators, accelerators, and like-minded founders who were participating. The event also saw some of our delegates participate in an impromptu pitch to investors. Josue and his team from Pillar Education took up the challenge and concluded the trip with conversations with interested investors.

(From left) Josue Akobeto, Benjamin Fischler, and Lenny Mai from Pillar Education pitching to investors at START Summit 2017 in St. Gallen, Switzerland.

“Being sponsored by the Hult Founders Lab to attend conferences like the START Summit in Switzerland was a wonderful experience for my fellow HFL businesses founders and me. Being surrounded by so many investors and founders helped us realise how the startup world is really competitive yet encouraging. I really enjoyed engaging with the attendees!”

—Josue Akobeto (Founder, Pillar Education)

(From left) Ryan Jones, Alex Welch, Sebastian Azcona, Sarveen Chester, Soyeb Shaikh, Madie White, and Dan Evans Ngo at START Summit 2017 in St. Gallen, Switzerland.

Alex Welch, a Hult undergraduate candidate in the HFL programme, founded Impact Farm—a sustainable vertical farming solution for post-aid disaster relief.

“There are many reasons why startups fail. I think the chief reason might be the inappropriate care of one’s idea. The startup community at Hult International Business School is not only supportive but thriving. The Hult Founders Lab has provided other entrepreneurs and me with tools, resources, experiences, and mentorship crucial for our success. I’m very happy and proud to call myself an entrepreneur despite all the difficulties I’ve faced. I wouldn’t trade my experience with the Hult Founders Lab for anything else.”

—Alex Welch (Founder, Impackt Farm)

Seminars and workshops

HFL invites thought and business leaders from large corporations and startups for regular workshops and weekly fireside chats to share their insights on what’s on the horizon and roadmaps to exploit these opportunities.

For instance, the Career Services department together with the HFL hosted senior editors of TechCrunch UK, Mike Butcher, and Ingrid Lunden, for a fireside chat as part of the Global Entrepreneurship Week 2016 in London. HFL businesses founders were moreover given the opportunity to attend the TechCrunch Disrupt 2016 conference at a high rebate.

(From left) Mike Butcher and Ingrid Lunden, editor-at-large and writers at TechCrunch.

Forging ahead

As we continue to forge ahead, the HFL programme will continue to bring in more professionals from various domains to help add value to our founders’ ventures and to benefit from mutual growth and collaboration.

As part of the next stage of our growth, we will open the programme to candidates enrolled in the post-graduate programme at the London campus, and expand to the next city campus in our Hult global network: San Francisco.

The geographic spread of Hult Business School’s campuses helps creates opportunities beyond borders. Our international student and faculty community of over 123 nationalities represented and 88 languages spoken present unprecedented opportunities for launching and scaling businesses which transcend borders to create a more global, inclusive, and encouraging a community of enterprising business leaders.

If you are looking to partner with us at the Hult Founders Lab, — whether you are an accelerator, incubator, investor, mentor, entrepreneurship society — we would like to hear from you.

Please feel free to reach us at hultfounderslab@hult.edu, and we will respond to you as soon as we can to discuss any opportunities for the coming programme schedule.