KQ Labs is an intensive accelerator programme for startup teams in data-driven health, and we are now launching our third annual programme, scheduled to begin on 26 October 2020.
The selection process will be open to start-ups who have:
- A focus on areas which have the potential to have a significant impact on health, and where use of data is a core part of the business model
- Two or more founders or team members
- A Minimum Viable Product, prototype or proof of concept
- An early stage company (pre-series A)
- A team based in the UK
How to apply
Fill out the application form at the bottom of this page with information about your company and a slide deck (maximum 12 slides).
Guidance for applicants
Applicants should send a start-up deck of up to 12 slides covering:
- The problem you are aiming to solve
- Your solution
- Technology (including IP)
- Market opportunity
- Competitors, including other approaches to solving this problem
- Business model - how you will make money and route to commercialisation
- Traction (what evidence do you have so far for interest in, or potential uptake of, your product? What funds, if any, have you raised so far?)
- Your team
- Financials (what will you do with the funding? How much money will you need to achieve your key milestones?)
- Roadmap (include your key milestones)
- Exit for investors
Applications will close on 1 September 2020 at midday GMT.
Interviews will take place on 29 and 30 September 2020.
What does the KQ Labs programme involve?
The programme kicks off with an intensive week with daily workshops for the selected startup teams (Monday 26 October- Friday 30 October), which all of the startups are expected to attend. This is to allow the KQ Labs team to get to know the new startups so as to identify any gaps and mentoring needs.
This is followed by a 16-week programme with once-weekly workshops (generally on Wednesdays) and seminars covering topics such as fundraising, pitch training, business models, team building and leadership, scaling, intellectual property, regulatory aspects, market access (UK and internationally), and various aspects of access to data including ethics. We will also facilitate introductions and mentoring with a hand-picked network of experts, investors and corporates.
The programme culminates in a Demo Day in March 2021, where the startups will pitch their ideas to potential investors and partners, including VCs, angel investors and pharma.
COVID-19 (Coronavirus) update: In light of the current circumstances, the 2020-21 programme will be delivered virtually. If circumstances allow, we may run in-person or hybrid events towards the later stages of the programme.
Do I have to participate in the programme for the whole 16-week period?
Yes. This gives you the opportunity to take full advantage of the numerous acceleration opportunities, networking events and coaching.
Do we have to be UK citizens?
No, as long as you are based in the UK, you are welcome to apply.
Do you only accept data-driven biomedical startups?
Yes, we want to stimulate the creation of a sustainable ecosystem based in London’s Knowledge Quarter, offering critical support to early stage data-driven health start-ups with the objective of making a significant impact on global health.
How much funding do KQ Labs startups receive?
We offer £40,000 as a convertible loan with valuation at the next funding round.
We don’t really need any funding at this point. Does it still make sense to apply?
Yes, because funding is only a small part of what the accelerator will provide.
We know that we will require much more substantial investment. Does it still make sense to apply?
Yes. We’ll help you build a solid proof of concept to take to later stage investors, and help you with introductions.
We have already obtained some funding. Can we still apply?
Yes. It’s great you have generated some investor traction already, as long as you are pre-Series A.
Our start-up’s activities are already advancing quite well. Is the KQ Labs Accelerator right for us?
Companies who have started but are still at the early stage are an ideal candidate for our programme. We are a perfect fit for startups that haven’t already raised a Series A round from investors.
Can a single person apply for the programme?
Our advice is that one-person startups are tough and you’re more likely to succeed with a co-founder or team of like-minded entrepreneurs.
The accelerator is intensive and both the CEO and scientific team will be put through their paces for the duration of the programme. We look for balanced teams who have a full range of skills.
We strongly advise you to seek co-founders or team members who balance your skill-set. However, even if you do not have a full team yet, it might still be worth emailing us a pitch deck so that you are on our radar for future programmes.
What happens at the end of the KQ Labs accelerator, am I on my own?
No! So long as you have made good progress on your objectives and milestones, you will continue to be supported by our post-accelerator activities such as ongoing advice and coaching from our team of mentors, as well as introductions to potential investors, corporate partners and other useful contacts.