The program is for rising high school juniors, seniors or for students starting their freshman year of college.
The summer program will be held from 10:00 am until 4:00 pm
Yes. The lab will be open from 9:00 am to 5:00 pm.
It’s summer! Dress comfortably.
Yes! Lunch will be provided. Please let us know if any specific food allergies.
No - But, if you do not live in the area, New England is a beautiful place in the summer for a family vacation. Beach rentals are only 15 minutes away.
We are looking for businesses that are beyond the conceptual stage and have a team committed to the vision. You should have raised less than $500,000 in funding for your business so that we can have a true impact on helping you grow. This is not just a financial investment for our investors.
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. Unlike prior years, you do not have to have a team member with a learning difference to qualify, but we certainly do think teams with diverse brain-types can build the greatest companies.
Companies need to be based in the USA.
Aside from the investment prize being offered, 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. InventiveLabs can provide introductions to investors when you are ready for investment.
No, it is not required. If your company has all the bases covered and you do not need additional help - these sessions are purely optional.
That said, we have found that many people starting companies have gaps in their knowledge that they need to fill to become successful entrepreneurs. The business booster sessions are designed to fill these gaps in a laser-focused way matched to your needs. They are not like business school classes that simply survey a topic. These sessions are tactical based upon the needs of the attendees.
Investment will take the form of a convertible note, SAFE, or another debt/equity instrument that matches the businesses needs. Depending upon your situation, there will be some form of ownership taken for the investment unless it is a pure debt instrument. This will be finalized after the awards ceremony.
Our mission is to be additive to any company for which we source investment. Our intent is to provide an attractive source of financing to help you achieve growth.
At the end of the program, if you believe you have not received fair-value for the session, speak to us and we can refund your money. Some people have told us we do not charge enough, so we are confident that you will not have to exercise this option.
Click here to listen to what others have said after completing our program.
Once we know enrollment, and the schedule restrictions of attendees, we will decide timing. The sessions will be weekly and could be in the late afternoon or evenings.
No! Anybody is welcome to take a session.
If you have a business that you are currently running, or you are thinking of starting a company, these sessions are a great way to connect with the Lab and start building your skill sets.
Contact us for more details.
For the 2019 competition, all businesses must be based in the United States. This may change for future competitions so stay tuned and subscribe to our newsletter to stay abreast of any changes or opportunities.
We require all applicants to be at least 18 years of age.
Our career prep program is all about digging deep, and exploring various career options that align best with your strengths. If one of our partner companies has a potential position that is a match for your strengths, and you can envision working at that company for a career, then we will begin prepping you for that position and an interview. If you have skills to build to be successful in that role, we will work closely with you during the program to ensure you are ready to hit the ground running if you are selected for the internship.
Like life, you will have to earn it. We have partners that are willing to offer positions to candidates that we recommend, and have shown diligence in their approach to learning and preparing for the position. Who we recommend reflects on the Lab, so we want to ensure that you are prepared and ready to shine in your internship role. We are up for the challenge if you are! If for some reason, you are not selected, we make sure you have been properly networking in your chosen field and are working on alternatives throughout the program.
We accept any kind of business into our accelerator. We have had fashion businesses, retail stores, tech companies and others emerge from the Lab. The more progress and traction you have, the more likely you are to win the investment. But, 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.
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.