Frequently Asked Questions
Tips for your application
- Avoid jargons. Explain the problem and your proposed solution in simple language.
Don't oversell your idea. Don't undersell it either.
Be honest about the challenges that your venture faces.
What are the admission criteria?
We are particularly interested in teams that have the following characteristics:
You have a novel and promising idea to solve a specific problem
Your team has the right set of technical capabilities to address the problem
You are passionate about your venture and its vision
Our team has no mangerial experience/expertise. Can we still apply?
Yes! Absolutely. You are exactly the type of team we would like to have at TEL. One of TEL's main value propositions is to give you access to some of the best business talent you can find in the world.
Are there any fees to apply or participate?
TEL is completely free. You do not need to pay for your application or participation. We also do not take any equity in admitted startup.
Is my information/idea safe with you?
What is the application process?
I have already raised a seed round. Am I too late for TEL?
TEL is mostly geared toward ventures that have passed the conception stage and aim to raise a seed round in six to eight months since joining the programme. However, we welcome post-seed applicants if we believe TEL can contribute to their continuing success and growth.
Does my venture have to be in London?
We expect the admitted founders to attend four in-person sessions at London Business School in London between December 2021 and April 2022. Please check out the programme structure for more details. We also expect the LBS participants to be able to meet the founders in-between these sessions to be able to help them with their goals and progress. Therefore, we have a preference for ventures that are located in or in close proximity to London. That said, if you are elsewhere in the UK or Europe, but can meet the two conditions above, please do apply. Make sure to explain how you can meet these two conditions as part of your application.
Do I need co-founders to apply?
Does TEL take any equity in the admitted ventures?
No. TEL takes no equity in your venture. There are also no fees for application or participation.
Does TEL provide any funding?
No. TEL does not provide any funding. We expect the participating ventures to have enough resources to be able to successfully finish the programme. The ventures that successfully progress through the programme will have a chance to make an investment pitch to a panel of investors during the fourth session. Please see the proramme structure for more details. You can also raise funds at any point during the programme. All deals are done outside of the TEL purview.