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Lightning Lab: Incubation Programme For Startups

Lightening Lab

The Lightning Lab incubation programme is a 6–12 month programme for startups building sustainable business ventures. If you are a startup, apply for a chance to be part of this beneficial programme.

Incubation Tracks

There are two incubation tracks;

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

Incubation For Product Market Fit

This track is focused on helping early-stage companies to identify and validate a clear market opportunity and build a solution that addresses this opportunity.

Incubation For Growth And Expansion

This track is focused on helping companies with existing revenue and traction accelerate their growth through sales, investment and global expansion.

See also: TiE NY: November Mentorship Session.

Eligibility For The Lightning Lab Incubation Programme

Places in the incubation programme are highly sought after. Each year, they have up to thirty places for startups to grow their businesses. Teams are selected based on a range of criteria, including:

  • Having a unique value proposition.
  • The potential to scale globally.
  • Coachable founders with a team around them.
  • Early signs of validation and/or growth.
  • Alignment with the programme values.
  • Must be based in, or willing to move to Wellington.

Benefits Of The Lightning Lab Incubation Programme

  • Fortnightly coaching session with a Lightning Lab business coach.
  • Access to the Lightning Lab community and networks.
  • Free desk space for you and your team.
  • Regular pitch training and peer learning sessions.

See also: Filecoin Techstars Accelerator

Application Process

APPLY

This is a written application where you get to tell them a bit about your venture. This will take approximately 30mins to complete.

REVIEW

They will assess your application and inform you if you qualify for the next stage.

INTERVIEW

Go from idea to starting your business in 30 days
Go from idea to starting your business in 30 days

If they feel your application is a good fit with their programme, they’ll invite you to pitch to a Lightning Lab panel. This will be a 5min pitch, followed by 15mins of Q&A. They will then make a final decision.

START

Get ready for a year of growth, learning, challenge and fun! During your first two days in the programme, you will be given a full induction, including a meeting with your Lightning Lab incubation coach to work out your objectives and plan out your time in incubation.

To know more and apply, click this link.

Want to start a business and do not know how to start? Visit our resource centre to get our business guides to help you start, market and grow a sustainable business.

Register for the business clinic today to increase your sales and marketing effort.

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