ideasLab Accelerator for student startups - Center for Entrepreneurship

ideasLab Accelerator for student startups

ideasLab is a student accelerator established by the UCU Center for Entrepreneurship. Its’ mission is to create an environment that encourages students to explore modern problems and challenges as well as develop an entrepreneurial vision for the transformation of ideas into viable solutions, build a startup community of innovators, and promote the rise of UCU as an entrepreneurial university.

Our goal is to encourage students of different specialties to test their ideas for viability.

Start

TBD 2022

Promo events:

February 17 (register at Events)

Deadline:

TBD 2022

About the Program

What is the ideasLab Acceleration?

It is a 12-week program for student teams from any HEI of Ukraine who have an innovative idea, want to test it for viability, and turn it into an actual viable product. The program is based on a unique combination of two approaches – the use of practical material to develop ideas (Learn-by-Doing) and learning from own research and discoveries (Learning-by Discovering).
Furthermore, it is the only acceleration program in Ukraine that provides student teams not only with knowledge, space to work but also grants of up to $ 6,000 at the stage of the idea validation.

Objectives

 

Student-oriented 

Give students an opportunity to try themselves in the role of entrepreneurs, receive necessary tools to turn their ideas into viable products, as well as find like-minded people and develop entrepreneurial skills and competencies.

Global 

To promote the emergence of serial entrepreneurs from students of different fields through training and nurturing a global entrepreneurial mindset. As a result, to increase the growth of global startups with Ukrainian roots and accelerate their development in the early stages.

Program Structure

I.Initial Market Validation (3 weeks)

The stage focuses on defining problem/need hypotheses, their scale, growth, and potential solution.

The transition to the second stage takes place through Pitch Day, where the jury selects up to 10 teams that receive $ 1,000 for further idea validation. Teams that do not qualify at this stage will not be able to continue participation in the program.

II.Customer Development II (5 weeks)

Stage focuses on the validation of hypotheses, customer research, and value proposition definition.

The transition to the third stage takes place through Pitch Day, where the jury selects up to 5 teams receiving $ 2,000 each. Teams that do not receive grants will be able to continue participating in the program and work on their startup, but will not be able to participate in Demo Day.

III.Product Market Fit (4 weeks)

Stage of testing the value proposition and building a Go-to-market strategy.

The program ends with a Demo Day, in which the jury selects up to 3 teams, receiving $ 3,000 for further product development. Teams that do not receive grants will continue to receive all necessary support and benefit from ideasLab.

IV.Sales & Growth

Ongoing mentoring support after the program focused on helping the team in sales and growth.

Who can participate

Student teams from 2 to 4 participants from any Ukrainian university who have a startup idea and are ready to work on its transformation into a viable product.

* students are considered to be persons enrolled in a higher education institution for the purpose of obtaining a bachelor’s or master’s degree.

Contacts

79000, Ukraine, Lviv
29 Stryysʹka str.

connect.cfe@lvbs.com.ua
+38 (096) 417 81 31