Founders Factory builds and funds startups together with exceptional entrepreneurs and the world’s leading companies. Created by IPO-exited founders, we offer founders capital, operational support from a team of hands-on experts, and unrivalled access to a coalition of industry-leading corporate partners. Since 2015, our 300+ portfolio companies have raised $800mm follow-on funding from a roster of notable investors.
Our Studio partners with entrepreneurs from day one, developing new ideas, technologies and business models into high growth companies. Together with Nesta, the UK’s innovation agency for social good, we’re now creating ventures that deliver social impact by means of venture-backable scale. Our current focus is on how tech might help narrow the school readiness gap for children at age 5 in the UK and beyond. We’re looking for an experienced operator with entrepreneurial ambitions to take a new concept created and validated by our Venture Design team into the build phase. You will lead the venture as Founder & CEO with our investment and the full backing of Founders Factory.
At least 10% of children in the UK have a speech, language and communication need (with delays disproportionately affecting disadvantaged children), and as many 20% of adults have conditions that mean they could benefit from support with speech, language and communication. We see an opportunity to use the advances in AI, LLM and Conversational AI to disrupt the status quo of speech therapy by driving efficiencies, reducing cost and increasing access. It will deliver a high value, high impact service for less whilst, intrinsically, (i) generating a rare dataset (that currently does not exist) and (ii) self-training it’s models to provide a unique competitive advantage to be the market leader in AI speech therapy solution.
‘Ogma’ provides online speech and language therapy for children. We are putting AI in the hands of therapists to make more decisions at scale. By leveraging AI and LLM we can automate analogue processes to reduce the time and cost burden on therapists, in order to make therapy more accessible and affordable for everyone. To learn more, check out OGMA: online speech therapy with AI co-pilot.
What we're offeringPartner with Founders Factory’s team of IPO-exited founders and entrepreneurs to develop a new mission-driven venture £500k total investment in cash and services to help you build your venture A validated concept and intellectual property A studio squad lead and full time venture builder, as well, as support from the wider FF team, including leadership, mentorship, and network access A dedicated studio budget (including the founder stipend, specialist resource and infrastructure budget of £89,000) Experienced fundraisers supporting you in shaping your narrative and helping you unlock access to future sources of capital Access to specialist support, including finance, legal, and - where appropriate - to the relevant FF investor 6 month accelerator programme and alumni community access Senior access to Nesta, the UK innovation agency shaping policy and the market environment your venture will operate in
What you'll bringExperienced founder, builder or operator capable of building a venture from scratch Proven ability to build a world-class team, attract customers and investors Evidence of thriving in ambiguous environments and a high aptitude for calculated risks A clear vision for the opportunity (including product direction) - with the drive and expertise to execute on it Interest in and/or connections to the speech and language market, lived experience of speech therapy, maybe having lived through the problem as parent, educator or SALT Enough of and an understanding of data and tech to have a gut feel for how AI works, what's feasible and what's not, enough appetite for tech to play around with chatGPT et al Have a strong commercial skill set - you can easily navigate financial forecasting, build partnerships and acquire customers
Note - We are reviewing applications on an ongoing basis. If your background and application meets our criteria, we will be in touch to schedule an intro call.
We are committed to building a diverse culture and are eager to receive applications from all backgrounds. All applicants will receive consideration for employment without discrimination.