Eligibility Requirements*:

1. Teams must consist of at least 2 team members and no more than 4 team members.

2.Teams must include at least one current IE student or alumni that graduated within the last 6 months. The IE team member must be physically present in Madrid and play an active, key role in the team.

3. 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.

(*Note that IMBA elective-credit seeking students have additional team requirements. See the IMBA tab on top of the website)

The 3 main selection criteria are:

INNOVATION – 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.

SCALABILITY – We seek applications from innovative teams, whose ideas or solutions target hyper-growth markets and are potentially attractive for angel investors and venture capitalists.

TEAM – 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. We seek those teams who are eager to complete Venture Lab and graduate so they can launch as soon as 90-days after completing the program.