Each iteration of the Founder Program begins with a business concept developed by a LabCo Idea Team. Our Idea Teams combine future founders, our entrepreneurs-in-residence (EIRs), and advisors to brainstorm, perform initial market research, and develop a pitch.
We test accepted pitches by beginning a 90-day Validation Sprint with Founder Program participants. During the Validation Sprint, members of the Founder Program work in small teams to test the business concept by hitting milestones related to market research, solution design, customer acquisition, and market validation. Throughout the Validation Sprint, participants receive support from LabCo’s staff, entrepreneurs, and advisor community to maximize the chances of success.
At the end of the validation sprint, successful concepts are launched as standalone businesses that are supported by the LabCo incubation model.