Challenge #3 – The Refiners
You want to scale Big & Fast in the USA?
Your product or/and service has a proven market fit and you want to scale it up in the American Market? The Refiners accelerator is looking for you.
**What the Refiners says**
“We believe technology is everywhere. When a technology project needs to be global to succeed, establishing success in the US, and often in Silicon Valley, is a must. It’s never a question of being somewhere first and expanding, it’s about being everywhere from the get-go.
We want to invest into foreign startups with a strategic necessity to thrive in the US, and where being in Silicon Valley is a must.”
**What they want to invest in?**
We want to invest if key foreign co-founders (not all) are willing to relocate to Silicon Valley.
We want to invest in cross border startups
The original company stays in the country where it started, typically to run product development
The US becomes the center stage for business development and market strategy
Foreign founders already in the US are a potential target as well, and we will encourage starting implementing a cross border model.
Coming to the US to redefine and disrupt a market is a must. Trying to be better than competition is very complicated, being different is what works – Strong technology is what we are looking for.
We want to invest in a majority of strong technology projects.
We want to accelerate 100% foreign founders
**Submission & Selection Criteria**
Startup in the broader Digital field // Startups from South Africa and/or self-sufficient // Minimum of 2 co-founders including a technical co-founder // Founders hold 80-90% of the capital // Real desire/capacity to enter the USA market // Appropriate timing (markets, competition) // Founders with real affinity for the purpose of their Startup // Entrepreneurial and managerial experience // Market size of at least $1 billion // First prototype created // Tech barrier to entry or a “secret sauce” // Capacity for TR to supply a real added value // A well-managed “burn rate” // Good and amiable people, common values