Harbor Start-ups must be able to attend curriculum sessions, weekly mentor meetings, happy hours, pitch events, and work on the business. This requires at least 40 hours a week.
Innovation is created with a new invention, applying an old product to a new use, or using new processes. Businesses founded on a new innovation have more time in the marketplace before competitors begin to also provide that product or service. Some innovations are protected by copyrights, patents, trade secrets, or other intellectual property.
Being able to scale is key to growing any business. Businesses like software companies or certain products can scale very quickly and sell repeatedly to people around the world. Other businesses like professional service providers have clients in a small area and might only bill them once a year.
There are 7 stages of a business: Idea, Start-up, Growth, Established, Expansion, Mature, and Exit. Clearly, we are looking for businesses in the early Idea and Start-up stages. Idea stage is defined by having the concept and researching the marketability, cost and production of a product or service. Start-up stage businesses normally have work to do on the improving the product or service, but have some revenue from customers.
Thank you very much for your application for the Harbor Accelerator Program: Cohort 8 running August - November of 2017! We are currently in the process of reviewing applications.
Those selected to interview will hear from us in early July. Please stay tuned!