Roughly how many applications do you expect to receive for the incubation programme, and how many progress to each round of the selection process? What are the main reasons why people do or don’t progress?
As we mentioned in another response: We start with ~3000 applications and only accept a small number. It may seem like the odds are low, however lots of people apply via the initial form, but after that the odds become more reasonable and you would find yourself up against numbers closer to 300. The stats for EAs are also pretty high (about 5x more likely to be successful relative to non-EA applications). If you get to interview one, you may be among 50-100 other people. At test task two, among 20-50. We’ve tried to make the first two rounds valuable and worth the effort even if someone doesn’t progress. Round one will give you feedback on your fit and strengths. Round two will enable you to compare and contrast your career options.
We also published a blog post on most common reasons people don’t get into the Incubation Program here. For the majority of candidates they are: - Own idea being weaker than top recommendations, - Limited experience running independent projects, - Weak test tasks, - Low flexibility For the strongest candidates they are: - Lack of competitive advantage, - Complicating factors, - Riks of low co-founder compatibility, - Charity entrepreneurship not being a top choice
Roughly how many applications do you expect to receive for the incubation programme, and how many progress to each round of the selection process? What are the main reasons why people do or don’t progress?
As we mentioned in another response:
We start with ~3000 applications and only accept a small number. It may seem like the odds are low, however lots of people apply via the initial form, but after that the odds become more reasonable and you would find yourself up against numbers closer to 300. The stats for EAs are also pretty high (about 5x more likely to be successful relative to non-EA applications). If you get to interview one, you may be among 50-100 other people. At test task two, among 20-50. We’ve tried to make the first two rounds valuable and worth the effort even if someone doesn’t progress. Round one will give you feedback on your fit and strengths. Round two will enable you to compare and contrast your career options.
We also published a blog post on most common reasons people don’t get into the Incubation Program here.
For the majority of candidates they are:
- Own idea being weaker than top recommendations,
- Limited experience running independent projects,
- Weak test tasks,
- Low flexibility
For the strongest candidates they are:
- Lack of competitive advantage,
- Complicating factors,
- Riks of low co-founder compatibility,
- Charity entrepreneurship not being a top choice