FAQ
Thrive5
What is Thrive5?
Thrive Studio is an initiative by Crowdera Foundation and the associate Crowdera companies from the United States, India, and Singapore. Thrive5 programs helps you get out of thinking mode and gets you into doing mode. We connect people with entrepreneurial spirit, with technical competency or just ideas with all resources required to make the idea a business. The first accelerator program allows you to enter the program from Day 0 to bootstrapped early growth stage.
The Thrive5 Accelerator program is a global startup accelerator program for helping for-profit & non-profit startups and social enterprises to accelerate their launch and very early stage growth by providing resources they need to get started with their fundraising, cloud-hosting, marketing, mentor-hiring and much more.
What are the five pillars of Thrive5 that we aim to provide to startups?
The five pillars are acceleration, fundraising, mentorship, partnerships and growth.
When can we apply for the 2019 cohort?
We are now accepting applications for the 2019 cohort. For 2019, the program begins 24th April 2019 and culminates with Demo Day on 15th August 2019.
Only one application per startup team can be submitted this round.
How can I apply?
Applications are only accepted online. Check your eligibility before applying. The application process has three stages:
Is there any application fees, and what do I get if I pay it?
There is an optional application fee of $100, after which you will receive a guaranteed $2000+ worth of AWS+Crowdera Credits as an application bonus.
How do I know if I am eligible to apply under the fast track application?
You need to fall under one or more of the following:
What does the program entail?
The program will select 100 startups to participate in a 5 week online and 1-week onsite accelerator program, who will receive benefits from the Thrive5 program.
What are some of the benefits the Thrive5 program offers?
The selected startups will receive $25K grant, a co-founding mentor, the potential of a 1-year free desk at a co-working space, opportunity to present on the Demo day, promotion to a huge investor database and access to our mentor network, to name a few.
Are there any mandatory Prerequisites?
Yes, Thrive5 promoters and supporters believe strongly that abundance starts with giving and to imbibe these values in each future entrepreneur and the value system of the startups we support, Thrive5 has decided to make it mandatory for any applying startup to commit to any particular cause they believe in by pledging minimum 1% of their (founder's) personal equity to the cause via any nonprofit they support personally or via Crowdera's Foundation's initiatives. If founder's choose, Crowdera Foundation can help the founder(s) to identify a cause that aligns with them. To achieve this purpose each applicant is requested to create a fundraiser on Crowdera's fundraising platform either for any nonprofit, community or any cause they support. There is no condition for any fundraiser to raise any particular amount.
Looking to know more about NoPay workshops?
Check the link at http://www.thrive5.org/workshops.html for more information
Want to contact us?
Feel free to email us at [email protected] or [email protected] or chat with us by clicking on the chatbot icon at the bottom left corner, and we will respond back within 24 hours.
Thrive Studio is an initiative by Crowdera Foundation and the associate Crowdera companies from the United States, India, and Singapore. Thrive5 programs helps you get out of thinking mode and gets you into doing mode. We connect people with entrepreneurial spirit, with technical competency or just ideas with all resources required to make the idea a business. The first accelerator program allows you to enter the program from Day 0 to bootstrapped early growth stage.
The Thrive5 Accelerator program is a global startup accelerator program for helping for-profit & non-profit startups and social enterprises to accelerate their launch and very early stage growth by providing resources they need to get started with their fundraising, cloud-hosting, marketing, mentor-hiring and much more.
What are the five pillars of Thrive5 that we aim to provide to startups?
The five pillars are acceleration, fundraising, mentorship, partnerships and growth.
When can we apply for the 2019 cohort?
We are now accepting applications for the 2019 cohort. For 2019, the program begins 24th April 2019 and culminates with Demo Day on 15th August 2019.
Only one application per startup team can be submitted this round.
How can I apply?
Applications are only accepted online. Check your eligibility before applying. The application process has three stages:
- Stage One – you need to complete an online form and commit to complete the pre-requisites of the program within 7 days of applying.
- Stage Two – your application will be assessed against the selection criteria by a panel of independent assessors.
- Stage Three – if you are shortlisted (100 startups will be shortlisted for the first cohort), you will be contacted by the assessors for the next steps
Is there any application fees, and what do I get if I pay it?
There is an optional application fee of $100, after which you will receive a guaranteed $2000+ worth of AWS+Crowdera Credits as an application bonus.
How do I know if I am eligible to apply under the fast track application?
You need to fall under one or more of the following:
- You have raised more than $10,000 on Crowdera’s fundraising platform
- You have started a fundraiser on Crowdera’s fundraising portal for any project in the last two months
- You have an annual recurring revenue of more than $50,000
What does the program entail?
The program will select 100 startups to participate in a 5 week online and 1-week onsite accelerator program, who will receive benefits from the Thrive5 program.
What are some of the benefits the Thrive5 program offers?
The selected startups will receive $25K grant, a co-founding mentor, the potential of a 1-year free desk at a co-working space, opportunity to present on the Demo day, promotion to a huge investor database and access to our mentor network, to name a few.
Are there any mandatory Prerequisites?
Yes, Thrive5 promoters and supporters believe strongly that abundance starts with giving and to imbibe these values in each future entrepreneur and the value system of the startups we support, Thrive5 has decided to make it mandatory for any applying startup to commit to any particular cause they believe in by pledging minimum 1% of their (founder's) personal equity to the cause via any nonprofit they support personally or via Crowdera's Foundation's initiatives. If founder's choose, Crowdera Foundation can help the founder(s) to identify a cause that aligns with them. To achieve this purpose each applicant is requested to create a fundraiser on Crowdera's fundraising platform either for any nonprofit, community or any cause they support. There is no condition for any fundraiser to raise any particular amount.
Looking to know more about NoPay workshops?
Check the link at http://www.thrive5.org/workshops.html for more information
Want to contact us?
Feel free to email us at [email protected] or [email protected] or chat with us by clicking on the chatbot icon at the bottom left corner, and we will respond back within 24 hours.
NoPay Startups Workshop
Is NoPay for you?
What is NoPay?
NoPay Startups is a community that helps/connect people with entrepreneurial spirit, with technical competency or just ideas. This is an initiative by our founder Chet Jain and now by Crowdera Foundation to offer help to all entrepreneurs (NoPayers) and enthusiasts (NoPayees) willing to join startups (fulltime/partime).
Why NoPay?
NoPay means you pay close to nothing to start a company from an idea. We teach you extreme bootstrapping techniques to optimize your resources and achieve success before any institutional money is invested. We will help you with everything that funds can buy whether it is legal umbrella, technical infrastructure and even human capital at no pay! Yes, No Pay!
How will NoPay help me?
NoPay will help you with everything that you need to start your dream and feasible venture. Everything that funding can buy you and mentors can guide you, you will have it all at NoPay. Whether it is legal umbrella, technical infrastructure and even human capital at no pay! Yes, No Pay!
Do I have to pay to join NoPay or attend meetings?
All sponsored meetups are free. However, most wisdom series workshops are fee based to cover the cost of event logistics. All Thrive5 Current and Alumni startups attend for free, forever.
What are NoPay Startups Events?
NoPay organizes regular meetups & workshops.
What do I need to do at the events?
All you have to do is join us, refine/validate your idea/commitment and keep yourself warm for all our Startup Innovative Incubation.
What do you mean by NoPayers?
NoPayers (NoPay Employer): Entrepreneurs (or to be entrepreneurs) or anyone who has an idea to start a startup and is looking to start with few employees (NoPayees) who he/she can pay in future equity can be called a NoPayer.
What do you mean by NoPayees?
NoPayees (NoPay Employees): Individual contributor/developer or anyone who can help a startup grow and would work for No Pay till the staurtp starts earning revenue is termed as NoPayees. NoPayees can be paid in terms of equity as well. Eligible NoPayees should commit at least 3-5 hours a week for startup they are willing to join.
What do you mean by NoPayCat?
NoPayCat (NoPay Catalysts): NoPayCats (NPCs) are individuals who have accomplished something in life already and are willing to help other startups grow. NPCs can be on board of advisors for the newly formed startup. A NPC can be an internet marketing guru, or a PR person or an investor or a master sales person, anyone catalyzing the process of starting up and executing.
How do you ensure privacy?
We have always ensured that we respect your privacy. Whatever information you share on meetup.com and linkedin.com is the only information available to others. NoPay wont share any of your ideas or profiles with anyone, unless you want to. We plan to build this community around people who want to help others and grow with them.
Are you a non-profit?
Yes, wholly owned subsidiary of Crowdera Foundation & associated with other Crowdera Companies.
How do you make money?
Do we have to tell you everything here, leave something for in person discussion.
How can we know more?
You will have all answers when you attend your first workshop/meetup with us.
- whether you are an inventor or designer with product idea or
- if you have just re-engineered some ideas and you feel you can do better with a start up or
- if you are a thinker with an idea for startup or
- if you are a developer/computer scientist with expertise and willingness to help startups in free time or
- if you are a startup in garage mode and want to get out of garage
What is NoPay?
NoPay Startups is a community that helps/connect people with entrepreneurial spirit, with technical competency or just ideas. This is an initiative by our founder Chet Jain and now by Crowdera Foundation to offer help to all entrepreneurs (NoPayers) and enthusiasts (NoPayees) willing to join startups (fulltime/partime).
Why NoPay?
NoPay means you pay close to nothing to start a company from an idea. We teach you extreme bootstrapping techniques to optimize your resources and achieve success before any institutional money is invested. We will help you with everything that funds can buy whether it is legal umbrella, technical infrastructure and even human capital at no pay! Yes, No Pay!
How will NoPay help me?
NoPay will help you with everything that you need to start your dream and feasible venture. Everything that funding can buy you and mentors can guide you, you will have it all at NoPay. Whether it is legal umbrella, technical infrastructure and even human capital at no pay! Yes, No Pay!
Do I have to pay to join NoPay or attend meetings?
All sponsored meetups are free. However, most wisdom series workshops are fee based to cover the cost of event logistics. All Thrive5 Current and Alumni startups attend for free, forever.
What are NoPay Startups Events?
NoPay organizes regular meetups & workshops.
What do I need to do at the events?
All you have to do is join us, refine/validate your idea/commitment and keep yourself warm for all our Startup Innovative Incubation.
What do you mean by NoPayers?
NoPayers (NoPay Employer): Entrepreneurs (or to be entrepreneurs) or anyone who has an idea to start a startup and is looking to start with few employees (NoPayees) who he/she can pay in future equity can be called a NoPayer.
What do you mean by NoPayees?
NoPayees (NoPay Employees): Individual contributor/developer or anyone who can help a startup grow and would work for No Pay till the staurtp starts earning revenue is termed as NoPayees. NoPayees can be paid in terms of equity as well. Eligible NoPayees should commit at least 3-5 hours a week for startup they are willing to join.
What do you mean by NoPayCat?
NoPayCat (NoPay Catalysts): NoPayCats (NPCs) are individuals who have accomplished something in life already and are willing to help other startups grow. NPCs can be on board of advisors for the newly formed startup. A NPC can be an internet marketing guru, or a PR person or an investor or a master sales person, anyone catalyzing the process of starting up and executing.
How do you ensure privacy?
We have always ensured that we respect your privacy. Whatever information you share on meetup.com and linkedin.com is the only information available to others. NoPay wont share any of your ideas or profiles with anyone, unless you want to. We plan to build this community around people who want to help others and grow with them.
Are you a non-profit?
Yes, wholly owned subsidiary of Crowdera Foundation & associated with other Crowdera Companies.
How do you make money?
Do we have to tell you everything here, leave something for in person discussion.
How can we know more?
You will have all answers when you attend your first workshop/meetup with us.
Thrive5/NoPay Seed Fund (Fundraising)
Is the Thrive5/SeedVC Seed Fund accepting applications now?
The fund is anticipated to go live towards the mid of 2019 to invest in select Startups that graduate from the Thrive5 Accelerator Program or has been recommended to us from one of our mentors. Yes, you will have to request the Thrive5 mentors for recommendation.
Is Thrive5/SeedVC for me?
SeedVC is for you if you have not raised any seed capital and ready to dedicate yourself for your startup. You could be an inventor or designer or engineer with a disruptive product idea or a computer scientist with solution to an unsolved problem or someone who has just re-engineered something to create a new industry.
More information about the fund to be updated soon!
The fund is anticipated to go live towards the mid of 2019 to invest in select Startups that graduate from the Thrive5 Accelerator Program or has been recommended to us from one of our mentors. Yes, you will have to request the Thrive5 mentors for recommendation.
Is Thrive5/SeedVC for me?
SeedVC is for you if you have not raised any seed capital and ready to dedicate yourself for your startup. You could be an inventor or designer or engineer with a disruptive product idea or a computer scientist with solution to an unsolved problem or someone who has just re-engineered something to create a new industry.
More information about the fund to be updated soon!