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Frequently asked questions

Is my business right for RElab?

If your business is focused on providing solutions in the areas described on the RElab website, then RElab could be the perfect opportunity for you, no matter what stage your business is at or where you’re based.   

RElab is also open to being surprised, so if you are working on anything that can transform the smart built environment even if not in the specific categories, we would love to hear from you.

See the ‘Our Focus’ area of the website for the innovation areas we have outlined.

When is the deadline for applying?

29th November 2019

What information do I need to provide in my application?

We ask you for information about you, your idea, your team and your company.  Don’t hold back, let us know how great you are.

Is there a minimum age?

You must be at least 18 years old to apply for RElab.

I don’t live in the UK, can I apply?

Of course! The best innovations can come from anywhere.  Bear in mind that you may need a visa to participate in the programme.

Is RElab like other accelerator programmes?

We believe that we are different because we focus on building a strong sector and investment ecosystem.  RElab is a scale-up programme that is fully focused on helping your business get to the next stage. The start-ups that join the programme will benefit from working with RElab’s partners on fine-tuning product-market fit; commercial pilot opportunities; support on swiftly growing their business; London working space; and up to £100,000 in available financing.

Our investment approach and philosophy is to be value-add investors aligned with your business as it grows.  We are committed to leveraging the Noé Group’s network to supporting your company’s development and scale up.

How many stages does the programme have?

The programme has 4 stages:

1. Apply
2. Pitch Day
3. Core programme with initial investment
4. Demo Day

See our programme timeline for more info.

What are the terms of entry into RElab?

Selected teams will be required to sign a participation agreement to join the programme as well as a CLN in relation to the available investment (see below).  This will be shared with teams invited to Pitch Day for early review.

When is RElab?

Pitch Day is 22 January 2020 (chosen teams to pitch will be notified by mid-December 2019).  Pitch Day is for a selected audience of Industry Partners, entrepreneurs and mentors.  RElab programme starts on 17th February 2019 and ends on 10th June 2019 with Demo Day.

Where is RElab?

London-based core workspace and events spaces.  Product trials / pilots will be in relevant environments and may be in varied locations in UK or abroad.

Do I need to work from the RElab space during the accelerator?

We recognise that you are building and leading a business and we have therefore structured the programme to provide you with flexibility.  Workspace is available for the full programme; however, we will work with you to suit your particular requirements.  We do require our teams to be present in London in the 4-5 core contact weeks of the programme. 

I don’t live in the UK, do I need to find my own accommodation?

L Marks have got a great team on hand who can support you to find accommodation and participate in the programme fully.

I need special equipment to develop my product, will RElab provide it?

We’ll be in contact before kick-off to ensure that everything you need is available. 

What does a day on the RElab Core Programme consist of?

The RElab itinerary is designed to help you refine product-market-fit and to develop ideas that can re-shape & re-imagine the world of Smart Built Environment.  You’ll be working in deep collaboration with corporates, industry expertise and mentors to rapidly test your product in live environments and to gain valuable market insights.  You will take part of expertise sessions, roundtables and panels on operational matters related to building and scaling a business.  You will also be invited to all networking events organised by Goldacre.

How much investment will each company get?

Finalists will have the option to receive an initial investment amount of up to £100,000 through a convertible loan note (CLN) that will convert into equity in the following qualifying round at a standard discount.  In an addition, Goldacre will consider investing in follow-on rounds should the opportunity arise.  While the amount of follow-on investment available will depend on company stage, success of project, due diligence, etc, the potential investment is from an investment group that have the experience and capability to invest from early rounds as well as the capacity to follow-on as the business scales up.