Hub Incubator Application Process
Applications for LaunchLab closed November 29th. All applicants will be notified about the status of their application by December 13th.
Application Process:
To participate in the Hub programs, students need to apply to each program individually. Applications open about 2 months before the program start date, so be sure to join our mailing list or follow us on social media to receive timely notifications.
Each application is tailored to its specific program. Please review all questions in advance to give yourself time to prepare before starting the online application. You must complete all questions and submit the required video pitch. (or any other specified documentation)
Applications must be submitted by the deadline, as late or incomplete submissions won’t be considered. After the deadline, we’ll review all applications and may contact you with questions or select applicants for an interview if needed. You’ll be notified of your acceptance status by the date specified in the form.
Preview of Application Questions
Interest in Entrepreneurship
- What inspired you to pursue entrepreneurship?
- Have you previously started or been involved in any entrepreneurial ventures?
- If so, please describe
- Do you already have an idea for a business?
- If yes, what is your idea for a business venture?
- What kind of progress have you made thus far?
Program
- What do you hope to gain from participating in this entrepreneurial program?
- What skills or strengths do you possess that you believe will contribute to your success as an entrepreneur?
Video Submission
- Applicants will be required to submit a 1 minute video (maximum) telling us why you want to be in this program.
Problem/Solution
- Briefly describe the problem your business wants to solve.
- Briefly describe your solution (company/product) in one sentence.
Entrepreneur Readiness
- Why did you start this business idea? What excites you about it?
- What skills do you currently have to develop your product and what skills do you need to acquire?
Business Information
- What is the name of your business?
- Which industry or sector is most aligned with your idea?
- How long have you been working on this business idea?
- What kind of progress have you made thus far? Ex. Market research, primary or secondary research, MVP...
- The Wood Centre resides in the Lang School of Business School and Economics. We are striving to be recognized locally and globally for our commitment to developing future leaders for a more sustainable world. How would your business idea contribute to improving life and using business as a force for good?
Customers
- Who are the key customers who will buy your product?
- What do these customers currently do to address this problem?
- What unique value would your company deliver to your customers:
Competition
- Who are the main competitors of your company?
- What differentiates your product or service in comparison to your competitors?
Financial
- How will your company make money?
- How do you plan to spend the stipend that you receive from the program on your company? ($1000)
Time Commitment
- Are you able to commit to attending each of the 10 two-hour sessions on Thursdays 1-3pm?
- Outside of our sessions, how many hours per week can you dedicate to working on your business idea?
Personal Statement
- Why do you want to join IgniteLab?
- What is the likelihood you will proceed with this company full-time in the future?
- When do you hope to launch your company?
Video Submission
- Applicants will be required to submit a 1 minute video (maximum) of yourself pitching your business idea.
Business Information
- What is the name of your business?
- Which industry or sector is most aligned with your idea?
- What is the specific problem you want to solve?
- What is your business solution?
- Who are your target customer segments?
- What unique value proposition do you give your customers?
- How long have you been working on your business idea?
- What market research have you completed to date? Did you get market validation or pivot?
- What kind of progress have you made thus far?
- Who are the main competitors of your company? Please explain.
- What differentiates your product or service in comparison to your competitors
- Website link, video link or examples of prototype (if applicable)
- The Wood Centre resides in the Lang School of Business and Economics. We are striving to be recognized globally for our commitment to developing future leaders for a more sustainable world. How would your business idea contribute to improving life and using business as a force for good?
Lean Business Model Canvas
- Applicants are required to fill out a Lean Business Model Canvas.
Budget
- How will your company make money?
- How do you plan to spend the stipend you receive from the program? ($3000)
- Applicants are required to submit a short-one page budget, for more information please visit this website
- You are only required to show the Categories and Budgeted amounts. Please make sure that the total of your budget equals $3000
Video Submission
- Applicants are required to submit a 1-minute video (maximum) of yourself pitching your business idea.
The John F. Wood Centre for Business and Student Enterprise is developing innovators and entrepreneurs at the University of Guelph. We look for innovative and sustainable solutions to economic, social and environmental problems. It is through this mission that we empower a new generation of business leaders committed to community engagement and a sustainable future. We instill in our students a sense of social responsibility and leadership, character-building values that help develop citizenship. We help to bring ideas to life!