Venture Connection - Early Stage Incubator

Overview of the Venture Connection - Early Stage Incubator program:

The SFU VentureLabs Incubator Program is a comprehensive support program offered by Simon Fraser University (SFU) that helps early-stage technology companies accelerate their growth and development. Located in Vancouver, British Columbia, VentureLabs provides startups with access to a wide range of resources, including mentorship, office space, networking opportunities, and educational workshops. The program is designed to support high-potential startups in sectors such as information technology, health technology, clean technology, and digital media.

Benefits of the Venture Connection - Early Stage Incubator program:

• Access to Mentorship and Expertise: Startups in the program benefit from the guidance and mentorship of experienced entrepreneurs, industry experts, and SFU faculty members. This support helps startups navigate challenges, refine their business models, and accelerate their growth.
• Office Space and Resources: VentureLabs provides access to state-of-the-art office space and facilities in downtown Vancouver. This includes meeting rooms, collaboration spaces, and essential business services, creating an ideal environment for startups to thrive.
• Networking Opportunities: The program offers extensive networking opportunities, connecting startups with potential partners, investors, customers, and industry peers. These connections can lead to valuable collaborations, partnerships, and funding opportunities.
• Educational Workshops and Events: VentureLabs hosts a variety of workshops, seminars, and events that cover key topics such as business development, fundraising, marketing, and product management. These events provide valuable learning opportunities and help startups stay informed about industry trends.
• Support for Growth and Scaling: The program is designed to help startups scale their operations and enter new markets. This includes strategic guidance on business development, market entry, and scaling strategies.

Eligibility criteria of the Venture Connection - Early Stage Incubator program:

• INCUBATOR PROGRAM
• Our incubator program supports SFU entrepreneurs through the business launch of their ventures, securing sales channels/customers or readying the team for investment. Individuals or teams must meet all of the following prerequisites and agree to the following criteria.
• Have a clear and presentable business model
• Have a service, product or licensing business model, which plans to employ multiple people and where business growth is a major objective. It cannot be structured to achieve a "lifestyle."
• At least 25% of its ownership or management control held by SFU students, staff, faculty members or recent alumni
• Annual revenue for the last 12 months is less than $500k
• Investment to-date is less than $1 million