Please note that applications for the INFINITI LAB have closed for 2017. But the opportunity to pursue your potential will be back next year – watch this space.

Here’s more information to drive your ambition and introduce you to the program.





General Overview

What types of startups is Smart Mobility Singapore focusing on?

We want smart mobility and connectivity focused startups with a passion for innovation and an ability to deliver. We’ve found that both enterprise and consumer startups can benefit from our experts and global reach in the Ignition program.

 

What stage of startups is Smart Mobility Singapore suited for?
Companies that are through the ideation stage and have a functioning prototype or a product that is looking for validation in a commercial setting. The program is also suited for a revenue-generating startup looking to scale into new high potential markets.

 

How are the final companies chosen? What are the criteria?

All companies who apply will be considered by the joint INFINITI and Nest vetting committee. The most suitable candidates will progress to a pitch day, where founders will pitch in person or virtually to a panel of judges. From this, the finalists will be selected to join the Ignition program.

Startups and founders that can demonstrate the potential to work in synergy with INFINITI or help develop Singapore as a ‘Smart Nation’ will receive additional consideration.

 

What role is INFINITI going to play in Smart Mobility Singapore and what commitment has been made?

INFINITI is committed to empowering and supporting entrepreneurs and startups. The Ignition program will provide an accelerated track towards a potential proof of concept (POC) project with INFINITI. The program culminates with an internal pitch to secure a pilot after refining the proposition and business over eight weeks.

During the Ignition program, you will receive mentorship from carefully selected business leaders and entrepreneurs in the business to help you develop your solution, as well as open doors to strategic partners, investors and future customers.

 

Will all the mentors come from INFINITI itself?

No. Each of the startups will have a dedicated INFINITI mentor, which will be supplemented by mentors from Nest and their network of entrepreneurs, as well as business leaders throughout Asia.  

 

What if my company is not an expert at developing Smart Mobility solutions?

We’re not looking for experts, just creative startups with a vision and inspiring ideas. You’ll get access to INFINITI and Nissan’s experts in the field, as well as business support from Nest. All we ask is that you’re determined and capable of building your own solution, have the drive to make it happen, and are focused on the potential of your startup.

Application process

How does the application process work?

Interested startups should check back here to see when applications will open for next year. When they do you’ll be directed to the application page.

This page includes a few simple questions about your company and your team. You’ll have the opportunity to include a video and pitch deck that describes your business.

 

How detailed do I need to be in the application?

In this initial application process, we ask applicants to describe market opportunity, the team, the concept that you want to take forward and how you plan to execute it. The more information you provide, the easier it is for us to assess the full potential of your business.

 

Do I need to send in a business plan?

No, just complete the online application.

 

Is my age a factor in your selection process?

No.

 

When is the deadline to apply and what’s the overall timeline?

The deadlines for next year’s applications will be decided at a later date.

Location

Where will I be working?

Founders will be based at a leading coworking space located in downtown Singapore.

 

I am startup from overseas. Do you offer transport and accommodation?

Yes, the Ignition program will arrange and cover your accommodation costs for the duration of the program, as well as one set of return flights to and from your home country.

 

Do companies have to be onsite for the entire program period?

Yes. We recommend that you’re onsite as much as possible during the program. The more immersed you are, the more you’ll gain.

 

Can I apply if our company or founders are not from Asia? Can you help with visa/immigration issues?

Anyone from anywhere can apply. If you’re accepted, you’ll need to have a legal right to be in Singapore. INFINITI/Nest may be able to provide working visas for successful companies for the duration of the program. If this isn’t possible, we can put you in touch with agencies and services that can help you with visas and immigration, but we can only do this once you’ve been accepted into the program. We encourage you to start this process as early as possible.

Logistics

Is there a Demo Day and who will be invited?

Following the internal pitch to INFINITI key stakeholders, we will arrange for a final Demo Day. This will be an invitation only Demo Day for you to pitch to a wider audience for external partnerships and funding.

 

What will a typical day be like for an Ignition program participant?

We’re pleased to say there’s no such thing as a typical day. Throughout the program, you can expect to be guided by INFINITI and Nest mentors, as well as have access to venture capitalists, CEOs, innovators and industry visionaries.

Legal

Will INFINITI invest in my company?

INFINITI shall be invited to participate, without any obligation, to any fundraising event, unless the equity investment by the company creates a conflict of interest to the business or INFINITI itself.

 

What guarantees can INFINITI make to companies that get into the program?

INFINITI will support companies that are accepted by providing mentors, visibility and engagement around business opportunities that emerge from this program. You’ll also have the collective resources of Nest, both during the program and afterwards.

 

Is a participating company’s product or service guaranteed to be endorsed by INFINITI?

No, there are no guarantees. It’s entirely at INFINITI’s discretion as to whether a participating company’s product or service is taken on and endorsed by INFINITI.

Funding

Is there an equity stake component for participation in the program?
Neither Nest nor INFINITI will take equity in exchange for your participation. The program is entirely free for participants, and through it, startups will have an ongoing relationship with Nest's VC arm. Nest or INFINITI may choose to invest in your startup during or after the program if we jointly feel that Nest and/or INFINITI can add significant value to your business. Nest maintains an ongoing relationship with founders and continues to make introductions to investors after the program.

 

How can participants receive funding after Smart Mobility Singapore ends?

You’ll have the opportunity to showcase your products and services at Demo Day, where a range of potential investors, which may include venture capitalists and influential industry leaders, will see your proposition and listen to your pitch. Nest maintains an ongoing relationship with founders and continues to make introductions to investors after the program.

Nest

Nest

What is Nest?

NEST is a global venture capital firm and innovation partner that supports collaboration between the world’s most prestigious and established organizations and early-stage companies. Nest operated INFINITI’s first two Smart Cities acceleration programs in Hong Kong and has a strong track record working with organizations including AIA, DBS and OCBC to run programs in FinTech and HealthTech.

Nest has strategically built a network spanning both developed and frontier markets to maximize the opportunities for startups to connect with the global ecosystem. Headquartered in Hong Kong, Nest now has representation in Singapore, Bangkok, Nairobi, Paris, London and New York.

 

Why did INFINITI partner with NEST on this program?

Smart Mobility Singapore is a joint effort between Nest and INFINITI. The Ignition program will be run by a dedicated team to help bring innovative business ideas to market. INFINITI has teamed up with Nest to run its model of mentorship, accelerated, intense development and world-class demo days.

 

How to get in contact?

If you have questions about the program application, please do not hesitate to contact the Nest team at infiniti@nest.vc