Start program
We incubate startups at the idea stage and fast-track them to seed funding within 20 weeks.
Who should apply to Start
Your startup is at the idea stage
You should possess a solid business plan, understand your industry and customer needs, and be determined to bring your solution to the market.
You are a subject-matter expert who can deliver the UVP
We incubate founders with extensive market knowledge that have identified an opportunity to address significant customer pain points.
You are looking for a dev team to develop your product
You have already decided to outsource your solution's product development and seek the best way to do that.
You can co-invest at least $25K in product development
It's imperative to share the inherent high risk of early-stage investments. Therefore, we operate in a co-investment financial model.
Start program overview
BEFORE YOUR INCUBATION STARTS
Start incubation program application process
- 1.Submit your application.
- 2.First call to discuss your UVP and business objectives.
- 3.Second call to agree on MVP scope, processes and team.
- 4.Final call to discuss terms sheet and agree on the start date.
- 5.Signing legal docs and kicking off the project.
AT THE START OF YOUR INCUBATION
Develop your Minimum Viable Product
- 1.UI/UX design by adhering to design thinking principles.
- 2.Infrastructure and DevOps setup.
- 3.Development of MVP modules and features.
- 4.Quality assurance testing (performance, security).
- 5.Product release (delivering your MVP to the market).
AFTER 6 WEEKS OF INCUBATION
Test MVP with real customers
- 1.Keeping track of usage analytics using Google Analytics.
- 2.Customer behavior analysis.
- 3.Usability testing sessions and follow-up interviews.
- 4.Insights generation to achieve product-market fit.
AFTER 8 WEEKS OF INCUBATION
Improve product to gain traction
- 1.Bug fixing (what was discovered during testing sessions).
- 2.Aesthetics and UI improvements.
- 3.Build new features for identified gaps/unmet customer needs.
AFTER 12 WEEKS OF INCUBATION
Use traction to attract seed funding
- 1.Personal introductions to our investor network.
- 2.Assistance with investment strategy definition and execution.
- 3.Support in roundtable intros and term sheet negotiations.
- 4.Legal support to close the round successfully and at low cost.
AFTER 20 WEEKS — incubation program ends
When you raise seed funding
- 1.We help you onboard top tech talent quickly and at a discounted price through partnerships with the best software development houses.
- 2.We help scale your sales and marketing teams to grow revenue pipelines and brand awareness.
Co-investment model
We provide 5 investment deals for our incubatees to select from, depending on their available capital and desired equity control.
Option "Start 125"
- Jubile invests
- $125K
- Founder invests
- $25K
- Equity for Jubile
- 25%
- Equity for Founder
- 75%
- Jubile's risk
- Highest
Option "Start 100"
- Jubile invests
- $100K
- Founder invests
- $50K
- Equity for Jubile
- 21.25%
- Equity for Founder
- 78.75%
- Jubile's risk
- High
Option "Start 75"
- Jubile invests
- $75K
- Founder invests
- $75K
- Equity for Jubile
- 17.5%
- Equity for Founder
- 82.5%
- Jubile's risk
- Medium
Option "Start 50"
- Jubile invests
- $50K
- Founder invests
- $100K
- Equity for Jubile
- 13.75%
- Equity for Founder
- 86.25%
- Jubile's risk
- Low
Option "Start 25"
- Jubile invests
- $25K
- Founder invests
- $125K
- Equity for Jubile
- 10%
- Equity for Founder
- 90%
- Jubile's risk
- Lowest
* Jubile buys equity via SAFE notes — we don't want to cause a dilution event at this early stage. ** The co-investment from both sides is in cash at the beginning of the incubation program.