What is Lightning Lab?
Lightning Lab is a full-time, in-residence, fast-paced and time constrained business-growth programme provided by Creative HQ that helps entrepreneurs build successful businesses in a short timeframe. Ventures will be fully immersed in their business and will relocate to our Creative HQ space in central Wellington from bootcamp to Demo Day.
A Lightning Lab provides startup ventures with structure, methodologies, business skills and focused support so they can find the best market fit for their products and rapidly grow their user base. They’ll practice market validation and product development approaches used by companies like Google, IDEO, and Tesla. Lightning Lab is also an investment pathway that has proven to be successful in building strong companies and significantly increasing their value to investors. Over $20 million in seed investment has been raised by companies coming out of previous Lightning Lab programmes.
Teams will have access to funding as they enter the programme:
-$20,000 NZD for 6% equity as a seed fund from Lightning Lab
-Up to $50,000 NZD convertible note from local investors at the start of the programme
Teams will also have access to a variety of free and discounted services from sponsors and the Global Accelerator Network.