LeanMastery Incubator FAQ
Click the + Question to see answers
+ What are the requirements to participate in the program?
All participants must meet the following requirements:
- Be able to dedicate 15-20 hours a week on their startup.
- Meet with your coach over zoom (online video chat tool) at scheduled check points and demonstrate progress on activities.
- Have access to a laptop to complete the activities and submit your work to your assigned coach.
- Afford $200 per month fee.+
- Apply to the program by the application deadline date and be selected into the program.
+Note: We have designated 10 scholarships for members of Houston Lean Startup Circle who participated and signup for the scholarships on July 25th, 2019 workshop. If you are selected and were awarded one of the schoarships, you will not need to make the $200/month payment.
+ When are applications due?
August 30th, 2019
+ How does the incubator help me as a founder?
The LeanMastery virtual startup incubator provides you the knowledge, tool, and expertise you need to build your thriving business.
Knowledge - Our project guides are designed to help you systematically build your startup fast. Each guide organizes your work into milestones. The milestones can be completed by working through each activity. Each activity consists of inputs, outputs, workshops, and workplan (See Example). The guides include the workshops that will help you learn the lean concepts to successfuly complete each activity.
Tools - Our Proven Tools and Templates help you:
COMMUNICATE EFFICIENTLY WITH STAKEHOLDERS Our Framework makes it easy for you to communicate your value to customers, your purpose to employees, and your progress to investors and advisors.
MAKE BETTER DECISIONS FASTER Our tools enable you to quickly determine if you’ve successfully validated your business assumptions and eliminate distractions to keep you focused on the task at-hand.
ACCOMPLISH MORE FROM EXPERT FEEDBACK Our experts provide you feedback on your completed work product that helps you improve your approach and get better results faster.
Expertise - One-on-one coaches who've been there, done that to keep you on-track and focused. You will be assigned a coach who will answer any questions you have as you work through the guide. You will have scheduled meetings with your coach and other founders in the co-hort to keep you on track and making progress.
+ What is the selection criteria for Applicants?
Our selection criteria evaluates your application based on 3 factors:
Problem Quality - How well did you describe the problem and whether the problem is worth solving.
Customer - How well did you describe the customer you want to serve and if you can reach the identified customer.
Founder ability - Why are you are uniquely qualified to solve the identified problem.
+ How much does it cost to Apply?
$0. Nothing. Nada. We do not charge you to apply to the program.
NOTE: Please see program costs question
+ How much does it cost to participate in the incubator program?
If your application is selected, you will be sent a link to signup for our monthly payment program at $200/month. There are no long term commitments. You can cancel anytime. The program duration for most participants is 3 months. However, some participants may find a fatal flaw in their idea that can extend the timeline.
+ When will I know if I am Selected?
Selected Applicants will be notified by September 6th, 2019. If you are not selected, you can reapply for our next class. We will notify all applicants by September 10, 2019 of their status along with feedbak for how to improve your application if you were not selected.