During this intensive programme CRL will offer mentorship, workshop facilities including prototyping materials, a trip to Shenzhen to meet with manufacturing partners, £5,000 startup grant and up to £100,000 in seed investment. In exchange, CRL ask for a 3% equity stake in your business.
To qualify you’ll need a working prototype, two or more team members, desire to build a scalable product based business and a business model displaying genuine innovation.
Applications close on 14 July 2017 with the accelerator bootcamp kicking off in September. Apply now here.
Helen Steer, a CRL accelerator alumni who has successfully launched Do It Kits, has this to say about CRL:
“I have a substantial desk and storage space and the prototyping facilities are excellent. Additionally, it is very helpful to have a community of hardware and maker startups around me: we have unique problems to solve that a software company can’t relate to. It’s good to have others around with the same challenges.”
You can the read the rest of the Q&A article with Helen here.
Mat Hunter, the managing director of CRL, spoke at DEVELOP3D LIVE this year about how CRL improves the success rate of resident ventures. Watch the video of his talk below.