FAQs

faq
  1. What is the TLabs Accelerator program?

    TLabs Accelerator program is a 16-week long intensive program which aims at helping founders build their ideas and MVPs into sustainable businesses.

    Tlabs is an ever growing family of startup founders, partners, advisors and experts. Tlabs has funded 53 companies and over 100 founders. We have over 130 experts, advisors, CXO’s from different domains who are always ready to help and open office hours.

    We have an in-house UX team that helps startups to build the right user experience.

    We do frequent startup meetups, 1-o-1 sessions with experts, weekly meetings with TLabs team, host of events around different topics to help founder build a network.

    Our list of partners provide free or low cost access to tools to ensure that startup runs lean and frees time to work on their own product.

    Our deep network ensures that you will get first 10-15 customers from within the Tlabs network and learn enough about consumer growth to get to first 100k users.

  2. Who can apply for the program?

    We fund technology focused companies, most often they would be Internet and Mobile product companies. We look for small, young and passionate teams with 2-3 people who have the capability to turn their dreams into brilliant products with a national or global reach. We enter at the stage when you have built your Minimum Viable Product and have got some traction/validation of your product.

  3. What are some of the ideas that TLabs may not be interested in?

    We are focused only on technology, Internet and mobile and can fund companies in several business domains that use technology to solve a specific problem.
    In the upcoming Fall’17 Batch (July- Oct’17) batch, we would only be considering Consumer-facing/B2C companies.

    We do not fund any non-technology, hardware and software services companies.

  4. How much funding would you give these companies?

    We will fund INR 30 L INR (roughly equivalent to a little less than US $50k).

    The real value comes from the working with like-minded entrepreneurs, advice and connections that you will receive when you join TLabs as part of the program. You would also get the opportunity to pitch to angel investors and VCs in the Demo Month which is the last leg of the program.

  5. I don’t need the funding but I would still want to be a part of the program.

    We don’t accept start-ups in the program unless we invest in them. We understand that mentorship is very important in the journey of a startup but we have a limited bandwidth in the size of a batch ranging maximum upto 10 startups. For the start-ups which are a part of the program, Money is only a small part of TLabs offering. The money we invest is to take care of the day-to-day expenses. As mentioned earlier, the real value comes from the mentorship and advice.

  6. What is in it for TLabs?

    We invest a sum of 30 L INR for 8% equity. Our motive is to help start-ups keep moving forward and keep experimenting with the model to build successful products and sustainable businesses. We think the value of learning, advice and network provided by the program is immeasurable and will go a long way in creating a great company.

  7. How do I apply for the program?

    You can fill our application form to apply online for the program. Please click on the “Apply” button on the homepage of our website.

  8. How does TLabs evaluate my application?

    We put a lot of emphasis on well-balanced team. We will ask the team to present the idea along with execution plan and support required once you apply for the program. A core team and expert panel team consisting of senior management will evaluate the team and the idea.

    We generally prefer small teams consisting of 2-3 entrepreneurs. Starting up a company is a heavy lifting job so we discourage single person companies, we would request you to find co-founders in several startup events that happen across the country.

    We look for following qualities in the team: passion, dedication, clarity of thought, tenacity and agility.

  9. How long will it take for TLabs to evaluate my application?

    Usually, it takes between 15 days to a month and a couple of meetings with the team for evaluation and closure of the deal.

  10. When I fill in an application, who owns the idea I submitted and who is it shared with?

    Any ideas submitted via the online application are the ideas of the person/people that submitted them. The ideas will remain with you and TLabs will not disclose the specific ideas to third parties or people outside of TLabs. The applications submitted will be shared amongst the TLabs team solely for the purpose of determining candidates for the live-in and the 16 week accelerator program.

  11. We’ve already taken some funding. Can we still apply?

    Absolutely yes, in fact many of the startup(s) come to us for the mentorship and guidance that we provide as part of the program rather than money. However, we will provide money as well as part of the program to maintain the uniformity.

  12. What if we’re doing something expensive?

    We will fund you but we will definitely suggest you to build an impressive proof of concept first and postpone the expensive part to a later stage where other investors can invest.

  13. Do we need to write a business plan?

    Nope, not at all. We will fund you for the team and execution capabilities and not for the business plan that you may have prepared; we like to see startups evolve their MVP during the tenure of the program by iterating the product with the customers. Moreover, we will guide you on best practices in preparing business plans before you present your ideas to investors during the demo month.

  14. Will we be asked for regular updates as part of TLabs program?

    Our team does weekly catch ups with you to ensure that things are on track. These weekly catch-ups are meant to discuss and guide you through various experiments and identify challenges where you need help.
    That said, we do provide flexibility and the actual implementation is left to the discretion of the founders but we keep strict note of operational milestones. We expect you to be stationed at Bangalore during our TLabs program for 16 weeks.

    This will also help you in evolving the minimal viable product as well as to collaborate with other entrepreneurs and network of mentors and investors.

  15. Does my company have to be in Bangalore?

    No, you can run your company from anywhere in the world. However, we expect you to be stationed at Bangalore during our TLabs program for 16 weeks. This will help you in executing the executing the experiments during this tenure as well as to collaborate with other entrepreneurs, interact with mentors and investors.

  16. Where do I stay during the live-in and the accelerator program?

    During the live-in period and the 16 week accelerator program, you will need to find your own accommodations. TLabs may be able to suggest a place or two but will not able to provide a place for you to stay. We will also introduce you to previous batch founders who may be able to suggest possible places.

  17. What other support system does TLabs provide to its start-ups during the Accelerator program?

    As part of the Accelerator program, you get access to our 24*7 world-class office infrastructure during the cohort tenure. Other amenities like high-speed Internet, tea, coffee and other basic services are also a part of the infrastructure.

    Apart from this, TLabs has a great Design Team which works with all the start-ups and help them build beautiful and well-though products. You also get goodies worth $ from our various tool partners like AWS, Microsoft, Google, Sendgrid etc.

  18. How does TLabs help me in connecting with investors?

    TLabs will facilitate the contact between entrepreneur and investor community. However, we expect startups to pitch to investors for funding themselves. We plan to bring in several angel investors and venture capitalists on the demo month. You will be able to present your idea and the minimum viable product to them for future funding.

  19. If investors are interested, then can I directly get in touch with them?

    Absolutely yes, in fact we encourage you to directly interact with investors but only when you have gained enough traction and have that clarity of thought that we look for in each company. You increase your chances of not only raising money and succeeding when you know what you are doing.

    We discourage wasting your time running after investors with a pitch deck with no product, poor traction or understanding of customer/market.

  20. If none of the investors are interested, then what will happen to my startup?

    We will help the startup in finding out the reasons for the same. Let’s be realistic not every startup succeeds, but after TLabs you will have a brilliant resume and the knowledge you gained in the program will see you start again with a renewed vigor and you would have connections to some of the smartest people on the planet.

  21. Will Times Group be interested in acquisition of my start up?

    Not straight off the bat, no. That said, we have various initiatives whereby we engage with startups in various stages of growth and may like to continue our relationship on case-to-case basis based on product feasibility and mutual interest.

  22. What if I have more questions?

    You can email your questions to us at tlabs@tlabs.in.