Step 0 (Month 0) The Application
While meet ups, co-finding websites and serendipity can help you to find a co-founder for your next $1bn health company our experience is that these aren’t very reliable methods and finding a high-quality co-founder with complementary skills and also drive and passion is tough. Luckily we’re here to do the hard work for you. We want you to sell yourself on the application form and tell us why you will make a great founder.
Step 1 (Month 1) Founder Matching
Month 1 isn’t about ideas, it’s about teams. The HS. team and mentors will be working closely with you to help you find the best co-founder for you. You’ll be testing lots of potential teams and nascent ideas. We’ll also be helping you start your journey as a founder with personalised goals and learning opportunities. There will be weekly online checkins and monthly events and challenges.
Step 2 (Month 2) Idea R&D
By the end of month 1 we expect you to have formed your team and have a few ideas for potential health startups. You’ll be working with mentors to test your idea, ensure viability and plan your route to market. You will be spending a lot of time out with potential customers and exploring the technical requirements. You’ll be running lots of tests, failing fast and altering your idea as you go while learning lots along the way. Challenges and events will focus on product-market-fit and testing your assumptions with our partners.
Step 3 (Month 3) MVP
Minimal Viable Product (MVP)
At the start of month 3 you will be expected to have a tried and tested idea, customer feedback and a business model. Our tech team will set you up with a website to conduct A/B split tests and call to action tests and you will begin to plan and build your minimal viable product. Our brand team will help you create a marketable startup and develop an online presence. You'll need to build an MVP that can be demonstrated to our team.
Step 4 (Month 4) Funding
We’ll help you construct your pitch deck, practise pitching and get you ready for acquiring your first customer and/or pre-seed funding. We’ll get you demoing to early stage investors, ensure your health compliance is in order and look at the best ways to grow your startup.
Step 5 (Month 4+) HS. Beyond
Successful teams at the end of the build programme will graduate. We'll sit down and plan what the next steps are for you. You'll stay in the HS. Ecosystem for life and when you have grown and acquired paying customers we'll encourage you to apply for HS.Scale.
We're entrepreneurs ourselves and we know that different types of tech and business models can vary in the time needed to build them. The above time-periods act as a guide only. If you are super-productive we'll speed the process up for you if you need more time to acquire datasets or to build your MVP we'll continue to support you till you get it right.