FREQUENTLY ASKED QUESTIONS
Is my business right for Travis Perkins BreakThru?
If your business is focused on providing solutions in the categories listed above then BreakThru is perfect for you, no matter what stage your business is at or where you’re based.
When is the deadline for applying?
What information do I need to provide in my application?
We ask you for information about you, your idea, your team and your company. Don’t hold back, let us know how great you are.
Is there a minimum age?
You must be at least 18 years old to enter BreakThru.
I don’t live in the UK, can I apply?
Of course, the best innovations can come from anywhere. Bear in mind that you may need a visa to participate in the accelerator.
Is BreakThru like other accelerators?
We believe we are different. BreakThru is a programme of development that focuses on building a strong relationship between you and Travis Perkins as well as helping your business get to the next stage. The Lab will offer you access to investment, internal mentors at Travis Perkins locations around the UK and external mentors.
How many stages is the programme?
The programme has 4 stages:
Apply; 2. Pitch; 3. The Lab; 4. Demonstrate. See our programme timeline for more information.
What are the terms of entry into BreakThru?
The finalists entering the Lab might have a bespoke investment offer depending on the stage that their business is at. Each team will be eligible to apply for investment from Travis Perkins and L Marks and in exchange for a negotiable stake in their company.
When is BreakThru?
Innovation Lab starts on 09/10/17 and finishes on 11/01/18 on Demo Day.
Where is BreakThru?
Startups will have access to the Travis Perkins network and space will be provided per startup as required.
Do I need to work from Travis Perkins office space during the accelerator?
We would encourage startups to work as much as possible throughout the Travis Perkins network, however it is not compulsory to work in Travis Perkins offices all the time.
I don’t live in the UK, do I need to find my own accommodation?
L Marks have got a great team on hand who can support you in finding accommodation during the programme.
Where will the mentors come from?
The BreakThru mentors will be key decision makers within Travis Perkins. You will also have access to external mentors specific to your category.
What does the day to day look like at BreakThru?
Travis Perkins BreakThru is designed to help startups progress rapidly with a mutually agreed use case. To help you achieve your goals, each team is assigned a category sponsor from the Travis Perkins senior leadership. Support from the category sponsors and L Marks will help each startup navigate the business quickly and progress with their use cases. We tailor each startup’s experience based on their needs and can offer additional external education programmes and support where requested.
Will every company receive investment?
Not necessarily. Prior to the start of the programme, every team will enter into an Option Agreement with Travis Perkins and L Marks which will allow us to invest in exchange for equity. However we will decide which startups we will invest in at the end of the programme.
How much investment will each company get?
Travis Perkins and L Marks will agree investment offers with startups within Break Thru on a case by case basis. Typically investments would range from £50,000 to £200,000 per startup.
How will the equity stake be calculated?
There is no minimum equity requirement tied to the programme. Each investment will be made on a case by case basis, taking a mutually agreed company valuation into account.
When will I receive investment from Travis Perkins and L Marks?
Investments will be finalised at the end of the programme after Demo Day.