In association with
Black Investor 360's very own dragon's den, Xcelerator Live, is coming to Olympia London this Autumn! Pitch your business to our guest judges, live on our main stage, for a chance to secure up to £50,000 of investment for your business.
Xcelerator Live will be judged by the founders of Cornerstone Partners, the UK's first angel investing network for black owned businesses.
To enter your business into the Xcelerator Live session, you must be a member of our Xcelerator Club.
Xcelerator Club tickets include:
2 x standard entry tickets
- 1 x business submission into
Guaranteed appointment during Backstage Capital Office Hours at Black Investor 360
Access to our VIP seated lunch and all VIP areas on the day
Xcelerator Club ticket: £150
How Xcelerator Live works
RULE 1: THE PROPOSAL
All entrepreneurs must complete the downloadable application form available here with as much detail as possible. Application submission closes on 30th October 2019.
RULE 2: THE SHORTLIST
All applications will be reviewed by Cornerstone Partners after submission deadline. They will then select the top 4 businesses to move forward to the Xcelerator Live session.
The Black Investor 360 team will contact the top 4 entrepreneurs to let them know they will be moving forward.
All applicants will be contacted regarding the final decisions in advance of the event.
RULE 3: THE PITCH
Each entrepreneur has 10 mins for their pitch and any demos. Entrepreneurs must start the session by stating their name, the name of the business, and the amount of money they are pitching for.
This is then followed with a pitch of up to 7 minutes by our entrepreneurs. Pitches can include presentation slides and demonstrations within reason. Judges cannot interrupt the pitch during this time; but if it exceeds 7 minutes, entrepreneurs will be stopped.
RULE 4: THE Q&A
All entrepreneurs will be questioned on their pitch by our judges. Entrepreneurs DO NOT have to answer all the questions asked, but what they do or do not choose to answer may affect the outcome - for example, if they refuse to reveal net profits. They may ask the judges any questions that help them determine whether they are suitable investors for their business.
RULE 5: THE FEEDBACK
Following Q&A, judges will give their feedback on each business as an investible venture. The Black Investor 360 audience will also be asked for feedback via an interactive poll; and can vote for their favourite business to win.
RULE 6: THE DEAL
Following a short deliberation period, and audience consideration, the winning business is offered a deal based on the requested amount. The deal agreed on the day is an unwritten agreement that remains subject to a vote from the Cornerstone Partners board, due diligence checks, the negotiation and agreement of full form documentation; and relies on the integrity of both investor and entrepreneur to freely enter the transaction and be fully committed to seeing it through. Final investment decisions shall be made by Cornerstone Partners in their sole and absolute discretions
However, the deal is solely between Cornerstone Partners and the entrepreneur and after additional meetings, if an agreement cannot be reached, neither party is legally obligated to complete the deal.
Black Investor 360 remains impartial, and will not be involved in the business contract between the two parties.
Terms & Conditions
Entrepreneurs must hold a Black Investor Xcelerator Club ticket
Businesses must be fully registered with Companies House in England & Wales
Businesses must have a c-suite member (CEO, CFO, etc) of black (African, Caribbean) heritage
Businesses must be generating a cash turnover; although not necessarily making a profit. Please note, accounting records will need to be shared.
As part of normal selection process, we may approach entrepreneurs, or they may apply direct. In each case all applications are processed in the same way.
To be considered all candidates need to submit an application form and we do consider all applications carefully.
The deal shall not constitute an offer, acceptance or legally binding obligation on any party.
The deal is solely between Cornerstone Partners and the entrepreneur; and after additional meetings, if an agreement cannot be reached, neither party is legally obliged to complete the deal.
Shortlisted businesses are to ensure they are available on two additional dates prior to the conference. Dates to be announce at a later dates
Black Investor 360 remains impartial, as they cannot be involved in the business contract between the two sides.
Please note: Your information will be treated in the strictest confidence by the Black Business Network and Cornerstone Partners; and individual data will not be provided to any other party.
Who Are Cornerstone Partners?
Cornerstone Partners is a unique limited liability partnership consisting of 20 equal partners. They currently have over £500,000 in assets under management and have managed to raise this capital purely through investments and self funding. They are now on track to turn their £500,000 AUM into £750,000 before the end of the year and >£1M by early 2020.
They have invested approximately £250,000 into private black owned businesses since they expanded to 20 partners in early 2018 and collectively the partners represent various different industries including: Private Equity, Investment Banking, Asset Management, Capital Markets, Technology and Professional Services to name a few.
Many of their members sit on executive boards and the group have significant professional and director level experience in the following:
Tier 1 Investment Banking helping clients raise money in capital markets issuing debt or selling equity in the companies
Private Equity and Venture Capital financing providing funds to small, early-stage, emerging businesses that are deemed to have high growth potential, or which have demonstrated high growth in terms of number of employees, annual revenue, or both
Entrepreneurs in technology start ups, internet, software, hardware, tools, fashion and beauty, food and beverage franchises and Fin-tech technologies supporting apps
Professional services / Legal focusing on corporate/M&A, capital markets, litigation, banking and finance, restructuring and insolvency, antitrust and tax.
“Big Four” Managing Consultancy / Advisory within Capital Markets and Asset Management focusing on Target Operating Model Design (TOM), Cost optimisation and Operational transformation capabilities
Their wealth of experience in business and industry coupled with their mission of empowering the black community through financial backing, mentorship, education and support make them the ideal organisation to support the growth of your venture.