After an exciting launch last month RLabs is now accepting applications for the Innovation Incubator & Accelerator 2013 cycle. We are looking for 5 social innovators who would like to take their idea to market and change the world doing so. The venue for incubation will be at the RLabs offices in Bridgetown, Cape Town and starts February till October 2013.
If you want to apply, send your idea via our contact page (describe in less than 200 words) by 17 December 2012. We will invite the most promising teams/ideas to present their idea on the 10 January 2013 to our panel where our selection will take place.
We will include in our decision making the amount we will invest which normally up to $20,000 for % equity in your company. The investment is a facility that you will have access to over the 9 months with RLabs.
We provide you with a desk/open space that you can use while in the Incubator. During the 9 month cycle we expect you to attend our weekly workshops and mentorship meetings. We will also invite experts to do special guest talks with all the start-up founders. You are also encouraged to be part of the Silicon Cape Network to leverage the resources and events hosted by this network.
The highlight of the incubation cycle is the RLabs Launch Day (next year to be held on the 10th October 2013) where all the startups are required to demo and showcase what they’ve been working on since inception. After the launch day RLabs continue to give advice and support but the access to the invest facility will end.
What are we looking for in founders are simple. We look for the “Crazy ones” who is innovative, highly motivated and not scared to take the risks (Experience and design flair is always welcomed). The ideas (which we believe will change) should at a minimum fulfill the following 3 criteria:
1) Idea that makes a social impact and leveraging mobile and internet technologies
2) Idea that have some insight into how to sustain the social impact and business
3) Idea that can be scalable and replicable
The ideal company would have 2/3 team members but we will consider one-person ideas. If you have what it takes message us here and tell us why you believe you should be in the RLabs Innovation Incubator.