Emerging Tech: Commercialization and Funding 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 $100 application fee due when the application is submitted if you submit before the priority deadline, and a $200 application fee if you submit your application after the priority deadline.
Q: If my company is selected, is there a fee to participate?
A: Yes, there is a $2,500 program fee for accepted companies.
Q: Why is the program fee $2,500?
A: Springboard is a non-profit and does not take equity from companies as a form of program payment.
Unlike other accelerator programs that take equity instead of a fee or in addition to a fee, with a Springboard program, you not only get the value of the program itself, which is significant, you don’t have to worry about the affect of an equity arrangement on your cap table, and you also get entry into the best professional, global network for women-led companies: the Springboard network.
By participating in a Springboard program such as the Emerging Tech program, accepted companies have a lifetime membership into the Springboard network.
Q: Where can I find out more about the value of the Springboard network and programs?
A: Just email me (Nicole Hamilton) at firstname.lastname@example.org. I’m the managing director of this program (and also a Springboard alumna).
Q: What does the program fee go towards?
A: Springboard is a non-profit and the program fees go directly towards the cost of running the program.
Q: How did this program come about?
A: Springboard has been running quality programs for high-growth, women-led companies for 19 years and we recognize the unique challenges that B-to-B emerging technology companies face: longer sales cycles, replacement cost hurdles that disruptive technologies pose, the challenges of fundraising for a business with long sales and sometimes intensive capital needs, etc. At the same time, we recognize that a lot of emerging technologies will directly effect the way we work and live in the coming years, and it is essential that high-growth, women-led companies are not only successful but influential. The structure of this program was informed by our 2019 pilot program, “The Business of Blockchain”, where we uncovered many challenges and opportunities that emerging technologies can overcome and leverage.
Q: I still have questions! How can I learn more about the program?
A: Please email me, Nicole Hamilton, the managing director of the Tech Innovation Hub, which this program is a part of, and I will be happy to answer any of the questions you might have. You can reach me at email@example.com (note, that’s a .co, not .com!).