Conscious Venture Lab 7 Urban Resilience

Towards a more resilient, just, joyous and prosperous society for all

Connect by Apr 5 '21

Jun 14-Oct 8 '21 (17 weeks)

Baltimore, US

There is tremendous value to be uncovered and societal impact to be had by supporting under-represented entrepreneurs and those who want to use business as a force for good in society.

We exist to nurture the soil of our knowledge and networks for entrepreneurs and to shift the purpose of business. We create an environment so that anyone, anywhere can plant the seeds of their own prosperity; allowing them to achieve their dreams and work to create a more just, joyous and prosperous society.

We provide benefits for entrepreneurs across various stages as such companies will be accepted into one of two tiers of the program depending upon their level of development: The Venture Studio or the Incubator Program.

Venture Studio companies will have a founding team, an MVP, Beta product or fully functioning prototype. They will have displayed some level of traction/validation, either in the form of revenue, extensive documented customer feedback, previous investment or some other form of customer adoption or validation. Venture Studio companies will be assigned a lead mentor who shall guide the company throughout the entire program.

Incubator companies can be solopreneurs with just an idea or a non-functional prototype. This program is for those entrepreneurs who are on the verge of turning their idea into a business, who we believe would benefit from access to our network, programming and expertise but who still need time to get to customer validation. In addition to access to all general mentors, Incubator program participants will be paired with other cohort members to provide intense peer-to-peer mentoring.

Companies starting in the Incubator program will be given the opportunity to move into the Venture Studio as they progress through the program. However only companies that complete the program in the Venture Studio will be considered for investment.

We are a community of entrepreneurs, mentors, partners & investors dedicated to creating prosperity for all. We empower you to change the world and we believe we’re all in that mission together. The cost for being involved in the program is $20,000 per company. And every company accepted into the program is provided free tuition via the CVLAB Scholarship Fund, which is endowed by companies that have received investment. If your company is selected for investment, $20,000 will be automatically contributed to the endowment paying it forward so founders in the next cohort can attend free of charge. more

Funds up to ^$120K per founder

Takes 8% equity

Funds 20 startups per year

Saving

What is your company form of registration?
In what jurisdiction was your company formed?
Are you a solo-founder or do you have co-founders/partners?
How many co-founders are in the business?
Are all of your founders working on this company full time?
If not please explain who is working full time, who is part time and when do you expect all founders to be fully focused on your company.
Have the founders invested cash in this business?
Please tell us how much the founders have invested.
Have you received any outside investment (other than from founders)?

If so please tell us about the investment.
Please tell us the stage of your product or service
Please complete the following sentence to describe why you started this business and your higher purpose: We believe (INSERT: something about the way the world is and/or the way it could be) as such, we exist to (INSERT: Verb or Contribution) so that (INSERT: Impact on the world) Here's an example: At the Conscious Venture Lab we believe talent is ubiquitous, opportunity should be too and that business can be a force that elevates our collective humanity. As such, we exits to nurture the soil of knowledge and networks and shift the purpose of business, so that anyone, anywhere can plant the seeds of their own prosperity. Allowing them to achieve their dreams and work to create a more just, joyous and prosperous society.
Please complete the following sentence, EXACTLY as it is structured, that explains the essence of your business: We are a/have developed (INSERT: A specific defined offering) to help (INSERT: a specific and defined audience) (INSERT: Problem the audience needs to solve) with/by (INSERT: your secret sauce/Competitive advantage)
Please select which (If any) of the UN Sustainable Development Goals does your solution most closely help to achieve:
For each answer above, please give us one sentence about how you help achieve this goal. If you picked #18 please write NOT APPLICABLE.
What is the next significant milestone that will help your business begin to generate it's own momentum (the next "tipping point") and what are the actionable 3-5 assets, resources, actions or goals you must acquire, take or achieve in order to meet that milestone?
What is your revenue model?
Do you currently have paying customers?
What was your total revenue for the last 12 months?
What is your projected revenue for the next 12 months?
What do you believe your revenue potential is for 5-years from today?
Are any of your founders female?
Are any of your founders from an ethnic minority or other traditionally under-represented group? (Please check all that apply)

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