London Business School (LBS) has selected 11 MBA entrepreneurs to join its Incubator program, where they will receive a year of support in launching their new business ventures, the school announced earlier this month. The Incubator is an initiative of the school’s Deloitte Institute of Innovation and Entrepreneurship.
The Incubator’s one-year support package includes an injection of cash for each of the 11 graduate entrepreneurs, as well as office space, professional support from Deloitte, Landor Associates and LBS alumni, access to training and workshops and an invitation to attend the Enterprise 100 members-only Annual Dinner, an event where entrepreneurs will get the network with angel investors, showcase their businesses and receive advice on crafting their business pitches.
The 11 ventures selected to participate as part of this year’s Incubator program – designated as the 2014 Deloitte Institute Founders – span a range of industries, including technology, recruitment, fashion, leisure and horticulture. In addition to the one-year support package, the Deloitte Institute Founders will also have access to LBS’s experienced Entrepreneur Mentors in Residence (EMiR).
To be considered for the LBS Incubator program, interested participants must submit an application in June outlining their business plan for the next 12 months and demonstrating a reasonable funding plan. Ventures must be (co)led by a founder who is currently completing an LBS degree program or has graduated within the past three years and who will attend the business full time. Winning entrepreneurs are announced each fall.
