*Non-IMBA Students
Venture Lab: IE (Non IMBA) Students & Alumni Dates & Info
Acceptance into IE's Venture Lab is highly selective. We're looking for the most committed and diverse teams, as well as the most innovative ideas and business models.
The information below is ONLY for IE Students and Alumni who are not in the IMBA program.
Venture Lab 2022-23 Information
Application Periods:
Fall 2022: Closed
Spring 2023: February 1 ,2023
Crucial Dates for Spring 2023 (April - July 2023)
Our next incubator intake April 2023, 2022 and culminates with Venture Day in July 2023.
Teams must consist of at least 2 team members (seeking elective credit) and no more than 4 team members. (Exceptions will be made for IMBA teams from the Startup Lab of 5 members, but we highly advise against such large teams at such an early stage).
Individuals can only participate in one Venture Lab application, i.e. individuals can neither submit more than one startup-idea application (as team leader), nor can they be team members on more than one Venture Lab application (simultaneously in a single round).
What are the selection criteria on which acceptance decisions are based?
The Selection process will consist of Committee Reviews of the applications, based on the Selection Criteria. Acceptance decisions will be announced via email.
The 3 main selection criteria are:
We seek applications from dynamic teams who put forth innovative (novel, extraordinary, revolutionary) ideas, solutions and business models; preferably those that incorporate emerging technologies into their solutions (products/services) and/or business models.
We seek applications for proposals that are scalable and potentially attractive for angel investors and venture capitalists.
We seek applications from innovative teams who are passionate about solving the problem they’ve identified and absolutely committed to executing a prototype of their scalable solution during Venture Lab and who are committed to working on their projects full-time and turning them into launched startups upon graduation.
The MIM students are offered the option to take Venture Lab for credit. You should apply for that version as part of your electives. This version, relating to the info and application in this document, is not for credit. The advantages of no credit are that you are able to include team members who are not IE students and there are no required deliverables.
The classes are offered in liquid format, both online as well as face-to-face.
Venture Lab sessions are conducted in English. However, IMBA elective teams are permitted to submit deliverables in Spanish. You may also conduct your final pitch in Spanish, but please know that if you are selected to pitch as a finalist or a semi-finalist at Venture Day then those pitches must be in English.
Yes, applications for Venture Lab can be filled out in either Spanish or English.
Yes, you must have at least 2 people on a team and you can have a maximum of 4 team members (some exceptions will be made for SUL teams of 5). IMBA teams must have at least 2 IMBA students on the team who are eligible for academic credit for Venture Lab (and therefore who are also taking Venture Lab for credit).
No, you may not. Individuals cannot be listed as team members on more than one application.
No, absolutely not. We do, however, reserve the right to brag about your success.
No, this is not true. Venture Lab is aimed at startup ideas that are innovative and scalable. Therefore, we are looking for dynamic ventures that provide scalable solutions to big enough problems/markets that they can grow dramatically and be attractive to investors.
