How does funding work?
For the Startup Track, funding ranges from $25,000 (twenty five thousand dollars) to $250,000 (two hundred and fifty thousand dollars) depending on the maturity of the company, with a fixed equity stake of 10% of the company. For the Fellows Track, funding is a flat fee of $5,000 (five thousand dollars) per year, guaranteed for two years, with an option to renew for an additional two years if there is demonstrated progress towards materializing an idea.
