The Moderne Passport Program Aligns our Industries With Innovation
The Moderne Passport is a 7 to 9 month immersion program that helps companies to refine and execute their go-to-market strategies, to facilitate engagement with the Moderne Network™ – a group of over 400 investors and executives from market leading companies that are looking for innovative solutions to gain a competitive advantage for their businesses – and to provide mentorship, pilot opportunities, even investment and acquisition potential for participants.
The program is focused on customer acquisition and growth and participating companies should be at a stage where they are too. This typically means companies are at later stages than a traditional ‘accelerator’ or ‘incubator’. If you have a product capable of scaling nationally and have a proof of concept in the market, please get in touch!
+ How does the program work?
Once admitted into the program, the class will typically meet once a month at industry events across the country to showcase their products and services and have 1-on-1 meetings with Mentors. The Spring 2017 program kicked off at Realogy headquarters in May, where Realogy executives met with the Passport companies, provided in-depth analysis of how their company works, overviews of our industries, and showcased strategies to target our industries and their company.
The majority of events the class will attend are invite-only.
Throughout the program the Moderne Ventures team works with Passport companies to act as an extensions of business development teams through:
Guidance and expertise. Our markets are gigantic, complex and dynamic. We unlock companies’ ability to understand market constituents, true TAM and pricing considerations to build effective go-to-market strategies and an approach to capture business.
Mentorship. The Moderne Network is an exclusive Membership of over 400 corporations, executives and practitioners that are managing billions of dollars of revenues within Moderne’s core industries. Companies will have over 100 in-person meetings with Members of the Moderne Network who will provide strategic guidance and insight. Moderne provides access to industry executives that would otherwise be unattainable.
Pilots. Moderne helps its companies establish pilot programs with key constituents to help companies optimize their solutions to meet industry needs.
Exposure. We meet monthly based on industry events companies need to be at to build their customer bases. Our events optimize our companies’ exposure through invite-only stage presentations, participation on trade show floors and one-on-one meetings and networking opportunities with key executives within the Mentor Network.
+ Who should apply?
The program is for later stage companies. Applicants must have a national, scalable, shipping product. Companies need not to have revenue prior to joining, but most do upon entering the program. Many participants will have graduated from traditional accelerators or raised their Series Seed, A or B before joining a Moderne Passport class. Successful applicants will have demonstrated clear product market fit and are now looking for explosive growth.
Moderne has a highly selective process to find the best companies to meet the growing needs of its multi-trillion marketplaces. Ideal candidates have the following characteristics:
• Target Markets: applicability in Moderne’s core sectors and can expand beyond, into other market places.
• Revenues: $0 - $30M+
• Customers: early days to fully established companies, with logos to prove it
• Financing: Seed stage and up - most of our companies have investors behind them
• Product: way beyond beta and built to scale on a national or global capacity
• Business Models: we like disruptive SaaS-based technologies in digital media, fintech, business services and big data, and we particularly like companies with B2B strategies.
+ “I’ve raised significant financing already. I’m beyond a program like this, aren’t I?"
The Moderne Passport is for later stage companies. In fact, many participants have graduated from traditional accelerators and have raised their Series A or B before joining a class. Successful applicants will have a proven product market fit, a national and scalable product and are now looking for explosive growth.
+ Are companies required to co-locate?
No. Since our companies are later stage, we do not require our companies to co-locate. Instead, we meet approximately once per month based around the industry events that our companies need to be at to build their businesses.
+ When does it start and how much does the program cost?
• Timing: The program holds 2-4 classes per year, often designed around a particular track: real estate (commercial and residential), finance, insurance and home services. Check back often for information on application dates.
• Cost: It’s true – no good things in life are free. Qualified candidates should contact us for more information.