FAQ’s

Is my business right for Nexus by DIA?

If your business is focussed on providing solutions in the categories listed above then the
Nexus by DIA is perfect for you, no matter what stage your business is at or where you’re based. See the “categories” section of our website to find out what specific kinds of innovation we’re looking for.

When is the deadline for applying?

27/08/2017

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 an application for Nexus by DÍA.

I don’t live in Spain, 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 Nexus by DIA like other accelerators?

We believe we are different. Nexus by DIA is a programme of development that focuses on building a strong relationship between you and DIA Group as well as helping your business get to the next stage. Nexus by DIA will offer you access to investment, desk space, internal mentors and expertise at DIA Group head office in Madrid and external mentors.

How many stages is the programme?

The competition has 4 stages: 1. Apply 2. Pitch 3. The Lab 4. Pitch. See our programme timeline for more info.

What are the terms of entry into Nexus by DIA?

The finalists entering the Lab will be made a bespoke investment offer depending on the stage that their business is at. Each team will be eligible to apply for investment in exchange for a negotiable stake in their company.

When is Nexus by DIA?

Nexus by DIA starts on 27/08/2017 and finishes on 23/01/2018 (Demo Day).

Where is Nexus by DIA?

Nexus by DIA will be at DIA Group’s head offices in Madrid, Spain.

Do I need to work from DIA’s office space during the accelerator?

Being based at DIA Group’s offices is going to be the best way for you to engage with the people and resources there. If you can’t be in Madrid full time though, we’ll still consider your application.

I don’t live in Spain, 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.

I need special equipment to develop my product, will Nexus by DIA provide it?

We’ll be in contact before kick-off to ensure that everything you need is on location in the DIA office.

Where will the mentors come from?

Nexus by DIA mentors will be key decision makers within DIA Group. You will also have access to external mentors specific to your category.

What does the day to day look like at the Nexus by DIA?

Nexus by DIA itinerary is designed to help you create game changing products for the retail and grocery market. You’ll be working to rapidly develop your product, receiving essential guidance on key decisions in real time from your mentors. Aside from this core focus, you’ll also attend enlightening talks and workshops from a plethora of exceptional visitors.

How much investment will each company get?

Each team will enter into an Option Agreement with L Marks which will allow us to invest in exchange for equity.

How will the equity stake be calculated?

Each investment will be made on a case by case basis, taking an agreed company valuation into account.

How long will the Option Agreements last?

All Option Agreements will have a six month expiry period. This means L Marks will be able to exercise their options up to 3 months after the programme ends.