Alacrity is a unique 15-month programme that provides graduates with practical business training, software skills and mentoring so that they can develop as entrepreneurs and launch their own UK based technology companies.
Alacrity is a unique educational charity. Our charitable mission is to mentor and train graduates to create the next generation of hi-tech companies based in Wales.
Our graduates receive a tax-free stipend of £1,500 a month for the duration of the programme.
Throughout the 15-months we cover all the disciplines that are necessary for the creation of a successful company. For instance, our graduates won’t just learn about the importance of marketing, but they’ll learn how to do it. Our entire curriculum is based around providing practical skills with real world application. We have a world-class team who together have created over 100 companies that have a combined market value in the billions. As well as the Alacrity team we also have a network of over 100+ experienced mentors, drawn from a range of businesses. These mentors, many of whom are leaders in their sectors, give their time to share their expert knowledge and experience.
Upon successful completion of the programme, the Foundation gifts its graduate members ownership of a start-up company. Without firm financial foundations it can be near impossible for a new business to flourish. The Foundation works with an investment fund that gives our graduate companies access to up to £250,000 of seed funding upon completion of the programme.
One of the unique characteristics of the foundation is our demand-driven model. The Foundation challenges our graduates to solve a practical business problem sourced directly from industry. We source these problems from a range of organisations, for example, previous projects have been drawn from the health, financial services, technology, education, gig economy, security, hospitality, utilities and energy sectors. We work with the private, public and even third sectors. All of our companies adopt ethical principles and work towards social good.
Upon successful completion of the programme, the Foundation gifts its graduate members ownership of a start-up company. Without firm financial foundations, it can be near impossible for a new business to flourish. The Foundation works with an investment fund that gives our Alacrity graduate companies access to up to £250,000 of seed funding upon completion of the programme.
We recruit graduates who have the ambition, drive and maturity to run a business. Alacrity combines graduates from technology, science and design disciplines with those from a business background or acumen to form teams of (typically) four people. Our aim is to unleash a new generation of British digital companies and we look for graduates that have the motivation to match this mission. Our graduates must have a strong team ethos, a successful company is built on the shared commitment, ambition and hard work of a unified team. They must also be resilient as the journey to success will, invariably, challenging and require resolve to complete. Alacrity has a commitment to developing the fast-growing digital industry in South Wales, it is expected that our graduated companies will headquarter in South Wales.
As a charity, we are privileged to be supported from the philanthropic support of our funders: The Welsh Government, Wesley Clover and the Waterloo Foundation.