Sometimes startup ideas need additional help to become reality. Entrepreneurs and business founders looking to kick-start their companies are heading to places such as The Bakery – where the great things ventures can grow with a little support. Now, The Bakery joins us for the London Tech Job Fair in search of technical and entrepreneurial people to create new businesses from scratch.
What’s the story behind the creation of your company?
The Bakery was formed in 2013 by Tom Salmon, Andrew Humphries and Alex Dunsdon, designed to partner high growth startup companies with multinational corporates to solve their biggest innovation challenges.
We are on a mission to make the world a more entrepreneurial place and, over the last five years, have built a unique model and process which brings together the world’s biggest corporates with the best entrepreneurs – to make innovation happen. In this time we’ve worked with Unilever (we helped set up their Foundry) Google, BMW, GlaxoSmithKline, Rolls-Royce and more. Our partner programmes have unlocked £mm revenue opportunities for startups to build new products and services around within our clients – helping them to grow sustainably in this process.
As part of the next stage of our journey, we have recently launched our Start programme: connecting the best entrepreneurs with client problems to start new companies from scratch.
What kind of people are you looking for?
Our Entrepreneur Selection Criteria seeks:
- Motivated self-starters with demonstrable exceptional ability and capability to build or create (e.g. software engineering, DevOps, data science, artificial intelligence, machine learning, blockchain engineering, systems development or academic qualifications)
- People interested and excited about the client’s industry and challenges
- Those who can demonstrate how their ability and skills apply to the sector and challenges – preferably being able to present a preliminary relevant concept, idea or use case
What benefits and perks do you offer on the Start programme?
The Start programme provides access to multi-million-pound problems that corporates are ready to commit money to solve right now, and entrepreneurs accepted onto the programme will get access to those as well as the relevant tools, data sets, mentors and studios to build new products around.
For the initial 3 months of the programme, we will support basic living costs with a £1,500 per month stipend. This may be subject to taxation according to your personal circumstances. After you pitch for investment, should we choose to invest, as the co-founder of the new business, your cost of living/salary will be paid from this investment that you raise. Your team should decide how funding is distributed over team salaries and other operational expenses.
We also pay your desk space at a central London office for the duration of the six months.
Hello, budding tech entrepreneurs! The Bakery’s Start programme creates new businesses from scratch. We’ve already identified corporates’ biggest long-term challenges for a pool of highly talented technical entrepreneurs to build real businesses around. Now, all we need is you. Be your own boss.
The Bakery Team