*** If you are selected for the programme, it is necessary to register your company in the UK. We would expect you to raise capital in the UK ***
LONDON’S HOME OF HARDWARE
Central Research Laboratory (CRL) is a London based Hardware Accelerator and Coworking space for innovative startups that design and make physical products.
CRL supports designers and engineers at every stage of the entrepreneurial journey – from concept development, through prototyping and first batch and beyond – with mentoring and investment provided along the way.
We help ambitious hardware startups accelerate their journey towards manufacture and scaling production and sales. We cover business model, prototyping, design for manufacture and a chance to pitch for further funding for up to £100k. Startups receive a £5k grant on entry plus a fully funded manufacture trip to Shenzhen, China or a relevant European manufacturer. The programme also supports startups to become investment ready, scalable businesses.
The standard terms for taking part in the CRL Accelerator are for an option to take 3% equity in your business in return for £5k investment.
Our next cohort starts in April 2019.
Criteria to apply
· A working prototype
· Preferably 2 or more founders in the team
· The desire to build a scalable physical product business
· A product or business model displaying genuine innovation
Whether you are working on your product and don’t know how to turn it into a business; an early stage startup looking for scalable growth and funding; or currently going through the process of design for manufacture - we would like to hear from you!
Funds16 startupsper year
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