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How it Works

At ilab our objective is to take a small group of promising technology ventures and turn them into successful, globally competitive companies. We provide a unique environment in which start-ups can focus on fast, sustainable growth. 

Companies that join the incubator do so because there is nothing else like ilab. Our ingredients for success include:

  • Surrounding yourself with other entrepreneurs, giving you opportunities to share experiences and learn from each other.
  • Receiving dedicated support from a team who live and breathe start-ups. 
  • Pro-bono mentoring from experienced entrepreneurs who are committed to supporting start-up entrepreneurs. 
  • Accelerating the growth of your venture by providing access to the best advice and expertise available.

Step 1: Apply 

The first step is to complete an online membership application to enable us to assess your needs and suitability for the incubator. Next, ilab invites you to deliver a presentation outlining your business status, growth plans and how you think your company could benefit from ilab membership. 

Step 2: Agree

If ilab accepts your company as a member, you sign a membership agreement with us. Membership typically lasts for up to two years. 

Step 3: Assess

Once you've joined ilab we help you perform a comprehensive business diagnostic, including your company’s legal structure, intellectual property, team strengths and gaps, motivations and commitment, product/service proposition in competitive landscape, funding needs, corporate governance, business plan and financial projections. 

Step 4: Mentor/Grow

This is what ilab is all about. During your time with us, we work towards agreed milestones aimed at getting your business on a sustainable growth trajectory. 

A member of the team will be assigned to work with you throughout your time as a member of ilab. Think of this person as a part-time member of your management team who will meet regularly with you and help you to navigate your way through any issues your company may face.

In addition, all ilab members have a monthly mentor meeting, held with your dedicated mentor panel. The objective is for the mentor panel to help you test assumptions, think through important issues, give you alternative options to consider and help you arrive at a sound strategy for your company. 

Step 5: Review 

We review your diagnostic every six months to ensure your company’s progress is on track and to make sure we’re focusing our efforts on the most important issues to help you grow. If it looks like your company is not going to make it, or is not making full use of the incubation services, we agree to part company.

Step 6: Leave

Our aim is to get your business to a stage where it is successful and self-sustaining. Once you reach this stage, it’s time to leave.