Hub Incubator Application Process
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Process for Applicants:
Applications for the IdeaLab Summer semester are closed.
All applicants will be notified about the status of their application on Friday, April 19th
For Future Applicants:
Applications are submitted through Qualtrics. You will be required to submit your answers to the questions, along with a short elevator pitch video, introducing yourself.
Once you have completed and submitted your application by the due date, our team will review the submissions. . Successful applicants will be notified and will have 5 days to respond if you accept the offer.
We encourage all applicants to preview the questions listed below.
Preview the Application Questions
Areas of Interest
- What inspired you to pursue entrepreneurship?
- Have you previously started or been involved in any entrepreneurial ventures?
- If so, please describe
- Do you already have an idea for a business?
- If yes, what is your idea for a business venture?
- What kind of progress have you made thus far?
Program
- What do you hope to gain from participating in this entrepreneurial program?
- What skills or strengths do you possess that you believe will contribute to your success as an entrepreneur?
Video Submission
- Applicants will be required to submit a 1 minute video telling us why you want to be in this program.
- Please note anything over a minute will not be considered
Business Information
- What is the name of your business?
- Which topic(s) or industry is most aligned with your idea?
- How long have you been working on your business idea?
- What kind of progress have you made thus far? Ex. market research, primary or secondary research, MVP, etc.
- Website link, video link or examples of prototype (if applicable)
- The Wood Centre resides in the Lang School of Business and Economics. We are striving to be recognized globally for our commitment to developing future leaders for a more sustainable world. How would your business idea contribute to improving life and using business as a force for good?
Lean Business Model Canvas
- Applicant will be required to fill out a Lean Business Model Canvas.
Competition
- Who are the main competitors of your company? Please explain.
- What differentiates your product or service in comparison to your competitors?
Budget
- How will your company make money?
- How do you plan to spend the stipend you receive from the program? ($3000)
- Applicants will be required to submit a short-one page budget, for more information please visit this website
- Please make sure that the total of your budget equals $3000
Video Submission
- Applicants will be required to submit a 1 minute video of yourself pitching your business idea.
- Please note anything over a minute will not be considered