Apply to CEU InnovationsLab
Email the following documents, which together constitute your application, to the Innovations Lab manager Andrea Kozma at firstname.lastname@example.org. Please indicate in the body of your email if (and how) you are connected to CEU Business School or its affiliates.
- Business plan and executive summary
- CVs of the founder(s) and any key personnel
- At least 2 references’ names and contact information
Deadline: There is no deadline to submit applications. Applications are accepted on a rolling basis. If you are accepted and there isn’t a vacancy in the Lab, you will be waitlisted for a spot.
See below for details about:
- Selection criteria
- Application review
The central question the individuals and committee members who will evaluate your application will ask is: “Will this company or organization solve real problems and build something people want or need?”
Beyond that question is an array of variables that influence the success of a business or other kind of entrepreneurial organization. Many of them may be unknown to you at this stage of your planning, and that’s okay. We ask that in your application, you demonstrate at least the following “knowns”; the “unknowns” will be part of the work you will do in the InnovationsLab.
Demonstrate in Application (Knowns)
- Research done to date
- Efficacy data
- IP protection in process or anticipated
- Entrepreneurially-minded founder
- Faculty collaborator (for current student applicants)
Optional to Demonstrate (Unknowns)
- CEO/management team
- Target customer/application
- Business model
- Regulatory pathway
- Required funding
All firms or other organaizations must somehow be associated with members of the CEU community (e.g. students, faculty, or alumni).
In accelerator-speak “graduation” refers to when a start-up leaves an accelerator because it has obtained a certain measure of growth and/or financial success. CEU InnovationsLab is focused on graduating start-ups as early as possible.
Criteria for Graduation
- Expansion beyond 5 full-time (onsite or virtual) staff
- Proven, stable management team
- Sufficient external financing
- Strong sales
- Pending liquidity event in the form of an acquisition or IPO
We review member start-ups every 6 months against the above criteria, along with other metrics.
Faculty director, the dean of CEU Business School, members of the Innovation Project Faculty Oversight Committee (a CEU Business School entity), and relevant external advisors to the InnovationsLab will evaluate your application.