Is my business right for Hangar 51?
We want to help start-ups take their business to the next level through collaboration with IAG. We’re interested in all start-ups that can help us, in one or more of the categories described. Your start-up needn’t be at the very beginning of its journey. Maybe you have a product already, maybe you even have paying customers. If you feel that your start-up could benefit from working with IAG then we’d love to receive your application.
When’s the deadline for applying?
6th November 2016.
What info do I need to provide in my application?
We ask you for information about you, your product or service, your team and your company. Don’t hold back, let us know how great you are!
Is there a minimum age?
You must be at least 18 years old to enter Hangar 51.
I don’t live in the UK, can I apply?
Of course! The best innovations can come from anywhere. Bear in mind that you may need a visa to participate in the accelerator and that you will be required to travel to the UK during the programme.
Is Hangar 51 like other accelerators?
We believe we are different. We’ll provide your business with opportunities to:
- Trial your product with IAG
- Access to funding from IAG and L Marks
- Receive mentoring from Senior IAG Executives
- Gain insights from subject matter experts through a top-notch education programme
Have IAG run accelerator programmes before?
IAG have been working with start-ups for the last 5 years. The launch of Hangar 51 builds on this previous experience.
What is the process?
The programme has 4 stages:
See our timeline for more info.
When is the Hangar 51 programme running?
Hangar 51 will run from 9th January – 17th March 2017.
Where is Hangar 51?
Hangar 51 is at IAG’s headquarters in Heathrow, London (UK).
Where will the mentors come from?
Mentors will include senior executives from IAG (see bios on our homepage), experts within IAG companies, entrepreneurs and external subject matter experts. A full list of mentors will be announced in due course.
What does the day-to-day look like at Hangar 51?
Hangar 51’s itinerary is designed to help you create game-changing products. You’ll accelerate your working to rapidly develop your product, receiving essential guidance on key decisions in real time from your mentors. Each start-up’s experience on the programme will be unique – we tailor the mentoring and education programmes to meet your business’ specific needs.
How much will IAG and L Marks invest in my business?
We are looking to make early-stage investments. Each participant will receive a bespoke investment offer before joining the programme.
How much equity will IAG and L Marks take in my start-up?
There is no minimum equity requirement tied to the programme. The terms of each investment will be made using a mutually agreed valuation of your business.
Do I have to agree investment terms before joining the programme?
Yes, we’ll ask that you come to an agreement with us before the start of the programme.
When will I receive investment from IAG and L Marks?
Investments will be finalised at the end of the programme.
Will IAG and L Marks invest in every company that joins the programme?
We will agree investment terms with all the participating start-ups, however we will decide which start-ups we invest in at the end of the programme.