Frequently Asked Questions
Is Social Spark Lab another Startup Accelerator?
How is Social Spark Lab different?
Social Spark Lab is different in many ways.
We don't follow the traditional admission process. We don't look for business knowledge, credentials or previous startup experience. We believe that the current model is discriminatory and exclusive to a few. We believe that entrepreneurship can be learned and we are here to teach it. We look for people committed and accountable, regardless of their experience or background.
We will teach you how to do it. It is not about providing resources like desktop, WiFi, or access to mentors. Social Spark Lab educates and works with the team closely since the very beginning. We have theoretical content, practice, methodologies, tools, milestones and deadlines to help you launch your startup successfully and with solid foundations.
We don't have a fixed period of time. We believe that each individual/team/idea is different. We believe that one fixed period of time for all doesn't work.
How many individuals/teams will Social Spark Lab admit?
Who can apply?
Anyone with an innovative idea or a potential startup from the Greater Boston area.
Do I have to pay to apply?
How is the selection process?
You apply individually or as representation of your team (only one application per team is required) .
We select individuals/teams to assist an in-person interview.
We announce the final cohort.
If you were not accepted in the first round, you are still participating for new selection rounds.
What is the selection criteria?
We will look for people who are strongly committed and accountable. We need to see your passion to be an entrepreneur.
What happens if I am not accepted? Can I re-apply at another time?
What happens if I am accepted? How does it start?
Do I have to pay to enter the program?
How long is the Social Spark Lab program?
What am I going to get as result of this program?
Will you help my team to incorporate and deal with tax issues?
Will you help me write my business plan?
What is the usual schedule for the weekly sessions?
I already have an MVP and I am trying to sell my product, will Social Spark Lab help me grow my company?
Do you take any equity?
It depends. Once we have a selected group of teams/individuals, we will work with them one-on-one to define a potential equity, or royalties, or maybe nothing (e.g.: if you are starting a non-profit, we cannot ask you for equity).
Why do you use F6S for the application? Is it required?
Yes, it is! We partner with F6S to provide a much better experience for you and for a better management on our side.
When is the application deadline?
We have a rolling application process.