Do you have questions? Check out our FAQ section for answers to the most common questions about the application and selection process.
FORMULA X is an accelerator for emerging franchises and high-scalability businesses, combining franchising with venture capital to drive the growth of successful ventures aiming to dominate their respective markets.
Our mission is to identify and build the next “unicorns” of franchising, in Spain and globally. Furthermore, it is to unleash the hidden potential in businesses that, due to their state of development, lack the technology, capital or bridges to achieve scale and not die trying.
FORMULA X provides access to resources and smart capital, but above all, expert mentorship, a network of strategic contacts, and a proven track record in global business growth through GNF Worldwide, a global leader.
Entrepreneurs who own businesses with at least 6 months of existence and results on which a greater scope can be projected. That is, successful businesses or chains that seek scalability and growth, but in a professional manner. In FORMULA X, shortcuts do not exist.
The selection process involves a rigorous evaluation of the candidates by a multidisciplinary and international panel, followed by a customization of strategies and specialized mentoring for the selected businesses.
The Franchise Acceleration Program (FAP) lasts five months, but involves a long-term commitment to achieve sustainable growth, which includes a minimum horizon of 2 to 4 years.
FORMULA X connects businesses with strategic investors from the GNF Worldwide global ecosystem. However, the startup gives FORMULA X a 10% stake in its company, as compensation for the acceleration process.
The FORMULA X program is hybrid; with some workshops or talks in person in Madrid and other modules that are programmed online.
You can contact us through our website or social networks, as well as those of GNF Worldwide, or write to us at [email protected]. You can also consult our international offices for any additional questions, although sending us an email will be the easiest step.
Accelerating global franchising