Introducing Design Terminal’s Techlab Guiding early stage tech startups towards Product-Market Fit

What do we offer?

We provide a 6-month-long intense mentorship-driven program with an amazing network of partners and mentors,
free office space, plus further perks to get your startup ready for top-tier accelerators or investors.

Oh, one more thing: we don’t take equity.

Workshops, classes

Our workshops and classes cover the most important aspects of building a startup from scratch. You will learn new skills and frameworks to make you a more effective founder.

Connections

Startups who reach ‘investor-ready’ stage will get access to introductions to our network of accelerators and seed investors.

Mentor session

Take advantage of our local and international network of experts. We work with +100 top-notch mentors who provide office hours and hands on help to our teams.

Office space

You can apply for free office space for the duration of the program. To qualify for this perk, your team must be working full-time on your project.

Roadshow

Our best program alumni will have the chance to participate in international trade shows or study trips to discover Silicon Valley or other matured tech ecosystems.

Living Stipend

To help you cover your living costs we provide a limited number of living stipends for full-time founders whose companies are pre-revenue.

Our amazing partners offer additional perks such as hosting credit and other company services. Check them out here.

Our program bridges the gap from idea to execution

Get access to a wealth of connections, experience and benefits, all laser-focused on iterating your product and business model.
Our amazing mentors and partners will help you when you are stuck and need a fresh perspective. Surrounded by a group of like-minded talented entrepreneurs, you will thrive in our collaborative and supportive environment. Share your stories and learn from each others' mistakes so you can make fewer of your own.

Who should apply?

We are looking for super early stage teams and motivated founders who want to turn their ideas into a sustainable, repeatable and scalable business.

Apply now if your startup is...

Working in tech. We focus on high growth potential, scalable businesses. Web and mobile technologies, SaaS, e-commerce, marketplaces are welcome. Can be B2B or B2C (or B2B2C).

Between the idea and Product-Market Fit. We are open for startups at the earliest stage. You don’t need to have a legal entity, a working prototype or customers to be eligible.

Aspiring to go global. We care about initiatives with a global mindset. You need to be oriented toward solving huge cultural and geo agnostic problems.

And your team is...

Highly committed. Although not a strict requirement, it is a huge advantage if your team can work full time on your business during the program.

Complementary. Your team members must have the right blend of skills and experience that make you capable of building your product and scaling the business. Ideally your core team should include business, design, and engineering talent.

Willing to experiment. We appreciate teams with an open mindset, willingness to fail and who are ready to test different ideas rapidly and pivot if necessary. Your team should be passionate about solving a problem, but not in a specific way to do it.

Left to apply
before 15 November, 2015

Timeline

  • sept 29

    Application Opens Our website will launch at the end of Sept and include our online application, as well as the latest details and up-to-date information about the program.

  • nov 11

    Application Deadline Once the applications are submitted, we will review them and reach out to select teams via Skype to ask follow up questions and get to know the founders. The top 10-15 teams advance to the Selection Camp.

  • dec 3-5

    Selection Camp A 3-day immersive workshop experience followed by a third day of convergence with the other two tracks. Key mentors and partners will be invited to observe and participate. The purpose of the selection camp is for us to see the teams in action and help us identify the top 5-7 who we will invite to join the program.

  • jan 4

    Program Launches Official launch date for the program. Office space and monthly stipend start from here.

  • jan-mar

    Phase I: Customer Discovery & Validation The first two months of the program will focus on validating the problem, planned solution, and customer base. Participants will dive deep into lean tactics for rapidly testing their ideas and honing in on the best concept to develop into a prototype.

  • mar-apr

    Phase II: Product Development The middle portion of the program will center around agile and iterative product development, building prototypes, and pivoting based on continued customer conversations.

  • apr-may

    Phase III: Rolling Out & Market Feedback The final two months of the program will be about hustling and selling, growth hacking, getting the product out to alpha and beta testers.

  • jun 17

    Demo Day Startups will present their progress at the end of the 6 months in front of an audience of our investor and accelerator partners.

Apply for an Open Office Hour

Design Terminal's Consultation Program offers free sessions with our key mentors. Apply by filling out the form below and share the biggest challenges that you are currently facing. We will match you with experts who will guide you to useful insights and potential solutions during 60-90 minute sessions.

Apply for consultation

Team & mentors

Together, we have experience working with some of the biggest startups to come out of Hungary, as well as multinationals and corporate giants, failed startups, incubators and accelerators.

Mentors

We are privileged to work with a stellar group of mentors who are truly experts in their fields. Our mentor pool consists of professionals across 3 continents and covers everything from business development to product development.

View 74 great mentors

Values We share

We listen
We listen because listening opens us up to learn. We listen to each other, to our users and customers. We respond to what we hear instead of just talking at each other.
We strive to learn
We want to get better at whatever we do, so we want to learn. We learn by doing, by accepting and valuing feedback. Whether from users on our product or from our fellows in the program or whomever we’re getting it from. We do stuff and then reflect upon it periodically.
We embrace transparency
We share our thought process and rationale behind aspects of the program design, and hold ourselves accountable to the same standards we expect from the teams.
We build together
We value each others’ individual skills and contributions. We express this by accepting every idea without judgment. We offer each other ideas, questions, solutions and feedback. We build from the stuff we collaboratively bring to the table. Saying “Yes! And...”
We are (com)passionate
We can endure The Struggle. We support each other and build each other up. We fight for what drives us and want to change the world for the better.
We stretch
We embrace every opportunity to step outside of our comfort zones because we know that’s where we can grow. We support each other in taking these steps because we know we can get much further together.
We fail gracefully...but we don’t give up
We let ourselves fail and do so gracefully. We support each other in failing because we know it’s unavoidable when you do something new, and it’s a source for learning. And when we learn, we get smarter, and perform better the next time.
Left to apply
before 15 November, 2015

Techlab is part of Design Terminal's Incubation Program created to foster enterpreneurship and economic growth in 3 focus areas,
tech, city and design. We believe that diversity is conducive to innovation and creativity so we encourage synergies and peer-to-peer learning between our chosen verticals:

About Design Terminal

Design Terminal is the national center for creative industries in Budapest, Hungary. With the stimulation of innovative technologies, industrial design, fashion and urbanism, our mission is to support value-added local enterprises reaching the global marketplace. In 2014 Design Terminal was awarded with the European Enterprise Promotion Awards for its successful and creative projects to stimulate Hungarian enterprises.

Partners

We have amazing partners on board and they help us create the right environment that supports startups to thrive.