The Innovation program set to transform the legal sector through entrepreneurship | Bridge for Billions
The structure of the program
An overview
After receiving over 220 applications, Fundación Mutualidad Abogacía saw that there was a real need to expand the reach of their program. Originally thought out to support 8 teams through a virtual bootcamp series, they found an opportunity to expand their reach and impact in partnering with Bridge for Billions.
Through this partnership, the program was able to extend from impacting 40 entrepreneurs in 8 teams, to incorporate an additional 12 remote teams. The program kicked off with 100 participants, the largest legal incubation program in Europe, with one portion being hosted by Bridge for Billions and the other by CINK, a partner of Mutalidad Abogacía who ran a bootcamp for projects in later stages of development during the program.
Those who participated with Bridge, had the opportunity to pitch their ideas and build the necessary skills to assess the necessary teams to build their venture through the program. Once incubated, all 20 teams had access to our 8 business tools, expert mentorship from legal and innovation professionals, and a series of Masterclasses around LegalTech and Innovation.
To round off the experience, the Bridge team led a series of skill-building training focused on collaboration, decision-making, team structure and organization, some of the necessary entrepreneurial skills any team needs to launch an enterprise together.
An online solution
Since the program launched during COVID-19 pandemic, it was key that it was carried out entirely online. Mutualidad Abogacía wanted to find a way to provide the right support to entrepreneurs whilst working from home.
Our 100% online program made that possible as it consists of 8 interactive business tools that touch on all the fundamentals of building a startup so both entrepreneurs and mentors will use it to follow a step-by-step path to entrepreneurship.
All members join welcome calls and entrepreneurs are invited to checkpoints to maintain engagement and motivation while making sure all of the participants are on track.
Providing the right support for growth
Set on providing high quality, practical support to entrepreneurs, Mutualidad Abogacía were particularly interested in the “learn-by-doing” nature of the Bridge methodology.
Originally inspired by the “Disciplined Entrepreneurship” method by MIT, it allows entrepreneurs to develop their business in a hands-on way, making mistakes and getting to grips with the fundamentals as they work on their real startup.
Mentorship was also a key part of the program. Entrepreneurs counted on expert mentors from the legal sector to provide them with guidance and a fresh perspective whilst they worked on their project.
In turn, the mentors also got a first-hand look at some of the latest innovation and brightest talent the legal sector has to offer.
Our 3-month online program smoothly facilitated both the connection between entrepreneurs and mentor and the experience as a whole. Entrepreneurs joined the program to work on their value proposition and they ended with a validated business plan including financial projections, competitor map and growth plan.
Post-program, all entrepreneurs entered into the Bridge for Billions entrepreneurship community, where they benefit from life-time access to an international network of entrepreneurs, mentors, investors and ecosystem experts.