SpinLab

Apply for the chance to take your startup to the next level with this 6-month, 6000€ business incubator in Leipzig’s historic Old Cotton Mill. Draw inspiration from from this dynamic cultural center full of galleries, artist’s studios, and even a cinema!

Apply now to SpinLab before the application deadline on October 17, 2017. Follow Lootstrap on Facebook for updates!

Award Amount

  • 6000€ (approx. $7,000 USD)

Location

Length

  • 6 months

Additional Benefits

  • Financial assistance to participate may be available in certain situations
  • Assistance and expertise from HHL Leipzig Graduate School of Management
  • Free coworking space in the Leipzig Cotton Mill
  • Networking events, workshops, and trade fairs
  • Startup Safary Leipzig open-door event for Leipzig’s whole startup ecosystem
  • Mentorship from specialists and veterans in your industry
  • Free access to many required technologies, such as software and cloud solutions
  • Recruiting help in IT development, business development, marketing, and sales

Who Can Apply

  • Passionate and dedicated teams of 2–4 founding members
  • Innovative, technology-oriented, internationally-scalable business concepts
  • Open to startups in the idea, early, or expansion phases

Selection Criteria

  • Quality of the team
  • Convincing and well-planned business model
  • Size of the potential market

Application Process

  • Up-to-date pitch deck (10–15 slides) or pitching video (7–10 minutes)
  • Written application through F6S in either German or English
  • Applications are received on a rolling basis
  • Judging panel reviews applications when the new session’s selection process begins
  • Face-to-face interview for the top 12–15 startups, at which all founders must be present

Conditions

  • You must relocate to Leipzig for the 6-month duration of the accelerator
    • Incorporation in Germany is not required
  • All founders should be present for classes, as well as Demo and Mentoring Days
  • Assistance with visas and work permits may be available
  • Must be able to communicate in either English or German

Post-Program Perks

Website

As always, this program takes ZERO equity!