1
Batch per year
10
Startups per batch
3
Years of activity
50+
Workshops and
1-to-1 meetings
4
Months of
acceleration
Our mission is to develop a Silver Economy innovation hub through the direct partnership of startups, corporates, research centres and investors on a national and international level. Startups will receive financial and operational support by the acceleration program team and their partners with the scope of scaling their businesses globally.
102,000€
First Investment
6-10%
Equity
up to €1.8M
Follow-on funding for the second investment to top startups
150,000€
Second Investment
to selected startup, per startup
6%
Equity
up to €4.25M
Follow-on funding for the third investment to top startups.
We are looking for startups with innovative solutions who are ready to capture opportunities in the booming Silver Economy with us.
MAR 2022 |
Call for application opensSelection of the 8-10 most promising startups by the selection committee |
JUN 2022 |
Program Launch & AccelerationThe selected startups will receive a 4-month training and mentorship-driven acceleration with the full support from our corporate and scientific partners who are major players in the Silver Economy space. |
OCT 2022 |
Demo Day & Post ProgramThe startups will present the traction they have achieved over the acceleration program to a wide audience of investors and corporates in order to secure additional funding, pilots and/or other open innovation initiatives. |
MOV 2022 & BEYOND |
Next Age, CDP Accelerators Fund and SOSV Follow-On InvestmentsPotential investment from NextAge, CDP Accelerators Fund and/or SOSV for promising startups. Startups that receive SOSV’s investment will be admitted to the SOSV Chinaccelerator Program, which is remote. |
In 2021
Oldest country (65 and older) in the world
In 2021
Largest Silver Economy market in the world
In 2035
Of the total population in Italy will be age 65+
We invest 102,000€ in the form of a convertible security, with up to €64,000 in accelerator services. The deal is very similar to the American SAFE. It involves limited paperwork and legal fees and no upfront equity transfer. This will be happening upon raising the first qualifying round.
After completion of the Next Age Accelerator Program, SOSV will select CERTAIN startups and invest 150,000€ (110,000€ in cash, 40,000€ in program fee) in the form of a convertible security. The startup will then enter the SOSV Chinaccelerator Program which is remote and will continue to scale and accelerate its growth and business globally.
Yes, startups need to accept both investment terms in order to be considered for the NEXT AGE program.
Yes, promising startups will potentially receive follow-on investments from Next Age, CDP Accelerators Fund and our partner SOSV.
SOSV is a venture capital firm that operates early stage startup development programs. SOSV’s programs are focused on four major areas: software, hardware, biotech, and blockchain.
As of January 2022, SOSV had more than 1,200 portfolio companies and $1.2 billion in assets under management. Over the last few years, SOSV has been nominated as the:
– 3rd most active VC in the world, source Pitchbook.
– 1st in Biotech, source CB Insights.
– 1st in Healthcare Devices, source Pitchbook.
– 1st in Hardware, source Pitchbook.
SOSV’s Shanghai-based Chinaccelerator, the first program in Asia to produce a unicorn, BitMex, and Taipei-based MOX program teams will work closely with startups throughout the Next Age Acceleration program. In the coming years, China’s spending on the elderly will triple from $750 billion to $2.1 trillion, overtaking Japan where the spending has already plateaued at $900 billion. India will make a dramatic entrance into the sector with an expected surge in spending on the elderly from approximately $100 billion to almost $1 trillion. SOSV will evaluate startups after Demo Day for the opportunity to join its program in Asia, and open the doors to the Asian market for these select startups.
We have a structured 4-month schedule made of masterclasses, meetings with our corporate and scientific partners and office hours. However, our main goal is that you and your team are laser-focused on accelerating your company while making the most out of the resources we put at your disposal. This is why we do encourage you and your team to do it at our Next Age Accelerator’s offices in Ancona.
Yes, you do. At least 2 members of the founding team will be asked to be in Ancona the first and last month of the acceleration program. The 2 months in between are designed in order for the team to be able to follow the activities remotely. The reason we require your presence on-site for at least 2 months is to build long-lasting meaningful connections to other fellow entrepreneurs, our mentors and industrial and scientific partners. Nevertheless, we do encourage you relocate to Ancona for the whole extent of the program, 4 months.
Yes, we do. We can provide suggestions according to your needs. Please clearly mention you need relocation support when filling in the application form.
English is the official language of the program because international operator SOSV will be leading the program. You may be asked to confirm your English skills before acceptance to the program.
It is recommended but not mandatory when applying. However, if your company is selected to join the acceleration program and is not yet incorporated, the startup team will be asked to incorporate as an Italian legal entity. You have 45 days from the day the investment term sheet is signed by the parties to incorporate.
Yes, you can. However, if you are selected to join the acceleration program and are not yet incorporated in Italy, the startup team will be asked to do so. You have 45 days from the day the investment term sheet is signed by the parties to incorporate.
Yes, we do. Please clearly mention needing incorporation support when filling in the application form.
Yes, you can. Should this be your case, please clearly mention it when filling in the application form. If non-confidential, tell us the investment agreement you have reached or are negotiating.
