“Business of Blockchain” Commercialization Lab FAQ

Q: Does Springboard Enterprises require equity to participate?

A: No, Springboard does not take equity for any of its programs.

Q: Is there an application fee?

A: Yes, there is a $50 application fee due when the application is submitted.

Q: If my company is selected, is there a fee to participate?

A: Yes, there is a $500 program fee for accepted companies.

Q: Why does Springboard charge a program fee?

A: We charge a minimal fee because we don’t take equity but still want entrepreneurs to have some “skin in the game”.

Q: What does the program fee go towards?

A: Springboard is a non-profit and the program fees go towards the cost of running the program.

Q: How did this program come about?

A: Springboard has been running quality programs for 18 years and felt that blockchain was an important emerging technology that we need to support more women entrepreneurs around. We started planning it in it early 2018, and immediately found a lot of interest from the blockchain community as well as corporations interested in supporting the program.

Q: I still have questions! How can I learn more about the program?

A: Please email Nicole Hamilton, the managing director of the Tech Innovation Hub, which this program is a part of, and she will be happy to answer any of the questions you might have. You can reach her at nicole@sb.co (note, that’s a .co, not .com!).