About - Incubate!(bang) - Startup Accelerator

About

  • What we will provide
    • $50k in hourly time from Isotope11
      • Software Development and Mentoring
      • Business Development and Mentoring
    • A flat salary to the business of $15k, to be distributed among founders as they deem fit, at $2.5k twice a month.
    • Marketing, hosting, etc. to be paid by the investors (capped at $15k, paid out as required.)
    • Office space, computers if necessary, telephones, internet access, desks, chairs, toilets.
    • Incorporation
  • What we won’t provide
    • A guarantee of success
    • A guarantee of additional investment
    • Motivation
    • Moving expenses
  • What we expect
    • A portion of the company, to be distributed among this venture and the investors backing this competition
    • Blood, sweat, and tears
    • The founders will be handling the business details - accounting, customer acquisition, sales, purchasing, etc
    • If there is an existing organization, it will be dissolved and its assets will be acquired by a newly formed entity
    • All the founders will sign a non-compete against the newly formed entity
    • The founders / organization to contribute positively back to the Alabama startup and technical community (talk to the press, etc)
    • The resulting company to be based out of Alabama for at least a minimum period