We accept any kind of business into our accelerator. We have had fashion businesses, retail stores, tech companies and others emerge from the Lab. So, if you think the idea can become a great business - go for it and apply!
Only for the Pitch Competition in Amesbury at the end of the accelerator. We will be doing most sessions in the evening via videoconferencing, so you can attend those sessions remotely if you prefer. We also welcome anyone who wishes to attend in person to do so.
InventiveLabs does not directly invest in the companies that compete in the Pitch Competition. However, if your company requires funding to launch, by participating in our accelerator we go through how to prepare a compelling pitch deck for investors. The co-founders of InventiveLabs have raised multiple rounds of angel and venture capital in excess of $40 Million and can share this knowledge with you.
We do have access to an angel network of investors, but they usually invest in businesses beyond the conceptual stage and when the business has some initial traction. That said, some of them will be attending the event.
Absolutely not. Some of the people attending the program have multiple ideas they are considering, but don't know which to pick. Some have no particular idea, but are passionate about something in their lives, and want to create a business around that passion. And, some just want to start a business and don't know where to begin.
So this is definitely not a requirement. In fact, it may be best to join with an open mind and see where it takes you.
We don’t specifically offer career training. Instead we offer a program that matches you with a career that fits your interest and skills. We then help you map out a plan to get the training you need. The plan will include networking with individuals already in that industry, and hopefully identifying a mentor. Sometime the plan includes taking an online course (such as a computer programming language) while at the Lab that we can help you complete. Sometime the program includes taking an outside training course in conjunction with being at the lab. In all cases, it is an achievable plan that will help you reach your goal.
InventiveLabs does not directly invest in the companies started during our entrepreneurship program. However, if your company requires funding to launch, we help you prepare a pitch deck for investors. For the right companies, we can also make introductions, but many of our teams work with friends and family for their initial round of funding. In the early stages, investors are investing in the individual(s) as much as the idea, so tapping your network usually makes the most sense. Once you have traction, angel investors will take notice.
If you mean homework like school with grades, no way! The goal here is to learn things YOU are interested in and things that are relevant to your goals. That does not mean you don't have to work hard; you will "feel the burn" and it will feel good becuase you will be progressing in a direction defined by you!
To be eligible, individuals or teams must have at least one primary member that self identifies as being ADHD, dyslexic, autistic or some form of learning difference. Applicants are selected based on their business idea, team member’s skills and background, and the team’s ability to execute. We also consider whether InventiveLabs can have an impact on their success and growth as part of the selection process.
We have a brief written application so that we can get to know you better. Spelling errors and typos are encouraged! Bullet points save us reading unnecessary fluff, but fluff if you must...
After reading your application, we will likely setup in person, or videoconference meetings to discuss potential goals while at the Lab. We want to make sure we can help you get to where you want to be or it is not in either of our best interests to have you join the Lab.
Rick and Tom have vast experience in the startup and business world. They will be available for consultation on a scheduled basis throughout the duration of the program on an as-needed basis. We love helping startups launch and have the connections to help you succeed.
Yes it can be! That said, the more fleshed-out your idea is, the higher your chances of being selected. So if you have an idea, try to demonstrate some sort of validation for applying if you can. If not, apply anyway - what do you have to lose?
The accelerator will run one evening each week consecutively for 8 weeks. The sessions will start at 6 pm allowing people to participate from home in the evenings.
There are various housing options within walking distance of the Lab. We have a relationship with the Residences of Riverwalk (http://bit.ly/2GPCNv3) where you can arrange short-duration leases (9 months, or in some cases 5 months). Riverwalk is a 0.6 mile walk making cars optional for those who are willing to use public transportation and walk in New England winters. Otherwise, a car is helpful.
In winter months, less expensive seasonal rentals are available in Salisbury and Hampton beaches. It is very quiet there in the winter and a car is required for that option.
Program fees are charged for all programs except for the Pitch Competition. Contact us for pricing information.
For each program, if we help you start a business, we take a small "incubator-sized" equity stake in the business. We hope that you will someday be wildly successful and the lab will be able to continue to expand its offerings to continue with our social mission.
We offer two sessions per year. The First session starts in mid-September and finishes by the the end of January. The second session starts in early February and ends in Mid-June.
We take a break for all standard holidays, plus 3-4 weeks off between sessions and two 1-week breaks during the second session.
Interesting question. Being accredited would mean that we would have to offer scheduled classes with grades and evaluations. Our Inventives would effectively be students taking full course loads. That is what has not worked for many of them. Their learning here is guided personalized learning, not structured coursework. If we only offered a standard course offering, it is unlikely people would attend our programs in our demographic.
InventiveLabs will likely never be accredited - it simply does not match our mission. In fact, we believe it is part of the issue with our current educational system. We could go on.... but we won't.
Unfortunately not yet. We are not an accredited institution and thus cannot qualify for student loans or 529 withdrawals. We will likely never be accredited (see the FAQ regarding accreditation) due to the conflict with our core mission.
There is legislation in the works that may allow people to convert their 529 plan to 529A plans for people with disabilities under the Americans with Disabilities Act. ADHD, dyslexia and ASD qualify as a disability and would likely make InventiveLabs a fundable program. We are working closely with the State of Massachusetts on this legislation as it works it way through the approval process. It could be a long time though.
No, InventiveLabs is a limited liability company. We consider ourselves a social enterprise. Any fees or donations made to the Lab are NOT tax deductible.