Elev X! Ignite Venture Studio Program Batch 14 (Up to $200K Funding)

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About Elev X! Ignite Venture Studio Program Batch 14

Do you have a groundbreaking idea and want to change the world? Join Elev X! Ignite, and together, they'll transform your vision into a reality.

Their intensive 6- to 9-month program is designed for passionate entrepreneurs in the ideation or prototyping phase, like you. They provide the guidance, support, tools, and resources you need to validate your concept, develop a compelling Minimum Viable Product (MVP), verify Proof-of-Concept (POC), engage paying customers, secure seed funding, and thrive in today’s competitive startup landscape.

At Elev X! Ignite, they support founders building impactful solutions that improve how businesses and institutions operate. They're especially interested in:

• B2B software and SaaS businesses
• Solutions that enhance business processes, decision-making, or operational efficiency
• Startups leveraging cutting-edge technologies such as:
  • Generative AI
  • Computer Vision
  • Data & Predictive Analytics

While they have experience in certain sectors, we remain sector-agnostic as long as your idea aligns with their mission to create meaningful value through technology.

Their experience spans a wide range of Enterprise SaaS applications — including core functions like legal, HR, and finance; go-to-market and developer tools; as well as vertical solutions in healthcare, agriculture, sustainability, and public sector operations.

Program Structure

The program follows a three-phase funnel over the course of up to 1 year, with each stage narrowing the cohort based on progress and potential.

1. Phase 1: Business Model Design (Online, 4 weeks — 30 startups)
   Teams identify market needs through customer interviews and validate their core business concept.
   -> Top-performing teams are invited to Phase 2.

2. Phase 2: Demand Validation (Hybrid, 8 weeks — 10 startups)
   Selected teams deepen customer discovery and rapidly prototype solutions with continuous feedback.
   -> Only teams with validated demand proceed to Phase 3.

3. Phase 3: Value Delivery (Hybrid, up to 9 months — 1-3 startups)
   Finalists build MVPs, engage pilot partners, collaborate with NEC engineers, and prepare for fundraising and go-to-market.
   -> Teams work toward scalable value delivery and investor readiness.

• Sponsor Organisation: Elev X!

Benefits of Elev X! Ignite Venture Studio Program Batch 14

Industry-Leading Mentorship

• Gain invaluable guidance from a network of successful entrepreneurs, tech experts, investors, and industry veterans.

MVP Development Expertise

• Work shoulder-to-shoulder with NEC X engineers to create user-centric products that exceed expectations.

Customer Discovery

• Actively engage with potential customers to uncover their needs, tailoring your approach to ensure market alignment.

Customer Validation

• Conduct in-depth market research and testing to refine your concept and ensure the strongest product-market fit.

Network & Partnerships

• Open doors to potential investors, partners, and customers through our extensive network.

Funding to Grow

• Access up to $200K in equity funding in addition to support services and in-kind investments, customized for your growth phase.

Elev X! Ignite Venture Studio Program Batch 14 Requirements

Founders in the ideation or prototyping phases. They are always seeking committed entrepreneurs whose innovations synergize with NEC’s technologies, with a clear vision and the potential for substantial market impact.

They're looking for ambitious, hands-on founders who are ready to explore bold ideas and rapidly test early-stage solutions with our support. Ideal applicants:

• Are working as a team — or in the process of forming one
  Solo founders are welcome, but they strongly encourage having at least one co-founder or core collaborator to share the journey.
• Can build and test lightweight prototypes
  A formal engineering background isn’t required, but they look for builder-type founders who can write code, use no-code tools, or create functional demos independently.
• Are based in the U.S. and incorporated as a U.S. entity
  If you’re not yet incorporated at the time of application, you must incorporate before the start of Phase 2 (September, 2025).
• Are not required to be generating revenue or raising capital
  They're focused on early-stage ideas — traction is a bonus, not a prerequisite.

Application Date and Process

• Application period: May 27, 2025 - June 30, 2025, 11:59 pm (Pacific Time)
• The application typically takes around 30 minutes to complete if you already have a pitch deck.
• They begin the review process as soon as we receive the application on a rolling basis, so please be sure to submit it after you have completed the application.

Apply Now

Application Deadline

30 June, 2025

Scholarship Application Portal

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