WHAT KIND OF TEAMS ARE YOU LOOKING FOR?
We are mainly looking for B2B teams in drones and robotics (in the air, under water, or on the ground). We want to help great founders who are ambitious, in a position to scale up, and care about creating meaningful changes with the technologies they are building.
WHAT CAN LAST 100 MILES OFFER ME?
We’ll help you boost your company and increase its chances of success. Specifically:
- Connect you with funding partners, such as venture investors, strategic funds, government incentives.
- Provide you access to the unprecedanted development and manufacturing resources in Chongqing.
- Help you optimize your bill of materials, supply chain, and logistics.
- Develop your channel strategy, and introducing you to the right partners for sales and distribution.
THE SELECTION PROCESS
Once we receive your online application, it will go through a screening process with our committee. You will receive an offer/rejection letter within 1 week.
HOW DOES IT WORK
Upon official acceptance into our program, you will co-develop a 100-day growth plan with our program manager. We have an extensive support team at your disposal, eager to help you overcome your manufacturing woes, improve your product functionality and feature-sets, or figure out sales and distribution. But we want you to have crystal-clear goals on what you want to achieve, and the right expectation for our team’s capabilities.
You are not obligated to move your company to Chongqing, but during the program, you need to be physically present to utilize the development and manufacturing resources in Chongqing. Chongqing has a significant history and culture and serves as the economic centre of the upstream Yangtze basin. You will be immersed in the beautiful mountain city that is famous for its delicious food.
You will have free office space in Chongqing Global Innovation Park for you and your team, and up to 6 months of free rent after the program ends.
We do not provide housing arrangements, but we can put you in touch with useful resources if needed. For visas, while you will have to apply personally to get the requested permits, we will provide invitation letters where necessary.
Each week, you’ll touch base with our mentors to set your strategy and work on weekly execution. We will bring in high-value mentors to help you navigate your positioning, sales funnel, and impact measurement. The feedback will be tailored towards your team’s evolving needs.
If you want to apply for Last 100 Miles seed fund or angel fund, you must register a company in Chongqing in order to receive the funds. We will also guide you on fundraising strategies and provide real-world financing advice and guidance via our investment team. We will help you arrange meetings with your target funders, whether they are venture investors or government officials.
For your development needs, we partner up with world’s leading industrial design firm Artop Group who has served over 1000 brands and successfully launched over 10,000 products. They have deep capabilities in user experience design, systems design, computational analysis and simulations, hardware and software production, supply chain management design etc.
We will help you with product validation by providing test centers, we have access to both industrial warehouses and open air space.
We will help you develop your distribution channel by introducing you to potential customers through our extensive network and corporate partners. The motorbike industry of Chongqing has been mass producing and exporting to Africa, southeast Asia, and Latin America for over 3 decades, and they are opening up new partner and collaboration opportunities with transportation innovators.
We will be creating contents on market trends, policy updates, technology analysis, and even basics of business operations. You will have life-time subscription to the digital reports and exclusive invitations to our forums and events.
When you are in content marketing mode, if you have a dream shoot or video, we will connect you with professional content producers and marketers.
The main thing you’ll get from Last 100 Miles is hands-on help and access to industry and business experts. You’re expected to come out on the other side with something better than what you started with. At the end of the program, with the help of our staff and mentors, by reviewing the 100-day growth plan and its actual execution results, you’ll the have a clear and realistic understanding of your potentials and traction.
WHAT DOES THE TEAM LOOK LIKE?
The team is composed of 4 experts with over 50 years of product management, technology commercialization, manufacturing, sales and distribution experience. We are augmented and supported by our global network of advisors and mentors.
HOW MUCH EQUITY DOES LAST 100 MILES TAKE?
Teams that accepts Last 100 Miles participation agreement give up 2.5% of common stock in exchange for services and sign a revenue-share agreement for deals that we are engaged in.
HOW DO I APPLY ?
The application is available here.
WHEN IS THE APPLICATION DEADLINE?
We are currently selecting the Winter 2017/Spring 2018 batch and the deadline to apply is Nov 15, 2017!