What is the MIH for Startups powered by Techstars?
The Program is a unique offering from Techstars and MIH Consortium. Over a 8-week period, up to 20 selected founders will gain access to a curriculum designed to help propel their businesses forward, and networking opportunities with speakers, mentors, and each other, providing a valuable community of supporters that are excited to help them succeed.
Is there any registration fee?
No. Participation in MIH for Startups is free.
What is the eligibility criteria?
We welcome startups in the mobility space to join us, however, the following verticals are MIH’s focus and will take priority over the rest.
- MIH’s focus areas:
- Electric Powertrain Systems
- Battery and Energy Management
- Lightweighting Technologies
- Automotive Semiconductor
- Automotive System Software and Digital Twin
- Autonomous Driving
- Smart Cockpit
- Products / services have initial traction and customers
- Potential business collaboration with MIH and Foxconn EV businesses is addressed
What kind of startup profile are like for successful applications?
Startups should have initial traction and product-market fit, but they don’t need to have raised any funding or achieved any specific level of sales.
Can I participate as an individual?
We welcome any startup companies (regardless of the number of members with the company) to apply.
When is the deadline for application?
The application deadline is 14th Aug, 2022.
How do I know my application has been received?
Upon registration, you will receive an email acknowledging the application. Follow up emails will be sent regarding next steps or if any information is missing or if additional information is needed.
Can I change my submission after I’ve applied?
After submitting the application, you must send any changes to email@example.com to make any changes.
Will I have the ownership rights to what I create?
Yes. The team has full ownership rights to its ideas and all intellectual properties.
What criteria will be used for selection?
We will consider every proposal based on its merits and a variety of factors such as business potential, innovativeness, market relevance, team experience and expertise, integration potential with MIH Working Groups, robustness of product design and time-to-market advantage…etc.
Who are the judges?
The judges will comprise members from Techstars, MIH, Foxconn and other invited industry experts. These are seasoned professionals who come with extensive industry and business experience.
How many startups will be selected?
Up to 20 will be selected.
What types of sessions are there in the program?
During the program, participants will gain access to bi-weekly masterclasses designed to help them scale their businesses and navigate some of the unique challenges that EV founders face. There will also be pitch coaching and 1:1 mentor session. All masterclasses will be recorded.
Who is running the program?
The program is led by a Program Manager at Techstars with executive sponsorship from MIH Consortium, Foxconn-initiated open electric vehicle (EV) ecosystem that promotes collaboration in the mobility industry. Throughout the program, participants will also gain access to the Techstars network, subject matter experts at MIH Consortium, and key stakeholders from both the MIH Consortium and Techstars.
How will the program be delivered?
The program will be delivered virtually, which means founders will be able to access it from anywhere in the world leveraging tools including Zoom and Slack.
What is the time commitment?
Founders’ total commitment is approximately 3-10 hours per week for 8 weeks. This varies depending on how many mentor meetings founders book each week. Example: 3 mentor meetings/week is common. Founders will also spend 60-90 minutes in a bi-weekly masterclass or cohort building, an hour office hour meeting with the program manager.
Any attendance requirements?
We expect all participants to attend 80% of the masterclasses and cohort buildings. Masterclasses will also be recorded for viewing at a later date.
Will co-founders be allowed to participate in the programs?
Yes, co-founders may participate in some elements of the program.
Does the program cost? Is exchange equity required to join the program?
There is no cost to participate in the program. The MIH for Startups powered by Techstars is distinct from the Techstars Accelerator and involves no direct investment or equity exchange. These programs are run free of charge to selected participants.
How and when will I know if my proposal is selected?
You will be notified by email on August 19th, 2022.
Where can I find templates? Is there a template for the pitch deck?
There is no template. Your pitch deck will be submitted as a .pdf file and you may also include a link to a website or video of your proposal or demo.
What if I have more questions and help?
Please feel free to reach out to firstname.lastname@example.org. You can also attend one of our events for more information.