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1-year milestone

Twelve months after entering the Incubate program, you will present your progress.

1-YEAR MILESTONE

Twelve months after entering the incubator each startup is offered to submit a description of your progress towards key metrics and milestones during the past six months. The SSE Business Lab management will use this material to make an assesment as to whether the request for an extended stay at the incubator is granted. Each startup will also have at least 15 minutes with the SSE Business Lab management in a 1-year milestone meeting, for Q&A on the progress.

Startups that can show progression towards goals and set new high targets will be offered an extended stay at the incubator.

Startups that fail to show sufficient growth or potential will have three weeks to leave the incubator. 

Submit the following material to the SSE Business Lab management two weeks prior to the 1-year milestone meeting:

  • Pitch deck including;
    • Your key metrics for growth, targets and milestones for the next six months presented in the Progression Q&A, and how you have worked to achieve those. 
    • How have you worked to contribute to the other members at SSEBL?
    • Why would you benefit from staying at SSEBL?
    • What are your milestones for a prolonged stay of an additional 6 months at SSEBL?

Criteria for extension

In order to be granted an extension in the program, the following criteria need to be met:

  • The team has potential: the team has not lost crucial competence or expertise.
  • The idea has potential: if the idea has been iterated on, it should still adhere to the rest of the admissions criteria.
  • The team is coachable: the team benefits from the coaching sessions provided and takes in the feedback given by the SSE Business Lab team.
  • The team is bold: the team continues to be brave, finding creative and innovative solutions to challenges that might seem impossible. The team continues to strive to reach farther than usual, and are not afraid to seize new opportunities. The team challenge themselves to step out of their comfort zone to succeed with their business.
  • The team is diverse: the team continues to work in accordance with the SSE Business Lab Diversity and Inclusion policy, actively working on developing a diverse and inclusive team while contributing to the culture at SSE Business Lab.
  • The team is a part of the community: the team actively engages with other SSE Business Lab members, attends social and informal gatherings as well as formal workshops, meetings, coaching sessions and mandatory events. Furthermore, the team shares experiences and knowledge, collaborate and engage to help other members.
  • The idea and team are sustainable: the team remains passionate about the problem they're solving, and are driven by their values. The idea still contributes to the realization of specific sub-goal(s) of Agenda 2030, and sustainability is integrated throughout the entire business, by striving to have a net-positive impact on the world.
  • The team benefits from the support: the team and idea continue to have a significantly greater potential to grow with the support provided by SSE Business Lab.