The Yield Lab was originally designed as a 9-month accelerator program, meeting 2 days every month, because plants and animals need to grow. One of the positive externalities of a 9-month accelerator program is that high-potential start-ups have substantial time to continue to run their business and take advantage of resources introduced to them during Yield Lab programming.
Each Yield Lab Portfolio Company is assigned a lead mentor, one of the Yield Lab Managing Directors, who works with the company through their time in the accelerator. Mentorship does not stop at the conclusion of the accelerator program. The Yield Lab maintains board observer rights and an ongoing relationship with each portfolio company to continue to ensure that they are provided with the necessary resources to adjust to changing business climates.
Global Network and Expectations:
Companies looking for Yield Lab funding and accelerator services now have two options: St. Louis and Ireland. Companies are welcome to apply to both and the decision making processes are independent and autonomous of one another. The decision of one accelerator will not impact the decision of the other.
In both accelerators, the companies can be expected to receive a capital investment, accelerator services and a dedicated managing director to provide lead mentorship during the program. Companies should also expect the Yield Lab to pursue non-voting board observer rights and warrant (options) coverage for services rendered, all negotiated.
Applications to the Yield Lab St. Louis will open in Fall 2016, and can be marked to roll directly into the Yield Lab Ireland application period. The Yield Lab Ireland application period is expected to begin in early 2017.
For more information on the Yield Lab St. Louis or the Yield Lab Ireland, please see our dedicated website pages under the “Accelerator” tab.