New American Home – Incubators in Chicago
Our Home And The Future Home Of Incoming Startups And Scaleups To The U.S.
The startups participating in our program will stay in one of these incubators in Chicago, the most important ones in the Midwest. We aggregate and have access to their robust expertise and network. In addition, we can also help their startups and accelerator programs internationalize within our network and support, globally.
With A Roadshow Through 5 Major Ecosystems
San Francisco, CA
New York, NY
SOFT LANDING COHORT – 3 Months Prior to Full Landing
As an international accelerator, our primary goals are to help the startup understand and adapt their product to the local market, as well as ensure their market validation and growth. Even though we can also help the startups achieve this goal during the Full Landing phase, having the extra time during the Soft Landing phase for validation and adaptation lowers risks and increases the chances for investment.
Month 1: Discovery
Discovery Phase: material gathering, market research, and business formation
- Analysis: The startup will provide all relevant material, including the current business plan, complete with all the past and current business and marketing strategies, financial information, branding guidelines, and any other relevant material deemed necessary by our or their team.
- Research: We will form the American subsidiary, including the partners’ contractual agreement, with a well-defined exit strategy, including the immigration-versioned business plan;
- Legalities: Business formation, including contract between partners. Incubator’s membership, and bank account opening.
We get to know the company to better adapt to its market.
Month 2: Planning & Strategy
Planning Phase: strategies definition, lean canvas, and strategic local partners definition
- Planning: Adaptation plans for the business model adaptation, product, and revenue.
- Strategy: Marketing strategy plan with defined KPIs, including PPC, events, and soft launch budget.
- Strategic Partnerships: Finalized list of potential local corporate partners, corporate customers (for B2B model specifically), and strategic VC funds for the follow-up investment.
Defining the strategy that will best suit the startup’s vision and goals.
Month 3: Implementation
Implementation Phase: SEO and digital marketing campaign, collateral design, business development seeking market validation.
- Marketing Campaign: SEO and digital marketing campaigns implementation, including collateral marketing design.
- Business Development: Business development to seek potential partners and clients, including representation in networking and potential soft launch events.
- Final Full Landing Analysis: Final analysis defining the potential for full landing, including an initial immigration strategy review.
Achieving market validatation ultimately leading to a “go/no-go” decision for full landing.”
FULL LANDING COHORT – 6 Months After Soft Landing
Onboarding Phase Prior to the U.S.
The initial selection process is done while the startups are still in their country of origin. The pre-requisites help choose the ones with higher odds of success.
To be considered for the cohort, startups must:
- Product/Model: Originality, innovation, and fast scalability are characteristics highly valued by American investors;
- Capability: Have proven market validation through an initial market share in the country of origin*;
- Team: A solid team with efficient internal communication procedures is essential during the internationalization process. It’ll ensure the domestic parent is stable and is providing the necessary support;
- Immigration: Meet initial visa requirements. The program is designed for companies to verticalize, which means it would be ideal for one of the principals from the startups to move. However, exceptions can be made, on a case-by-case basis.
We will work in collaboration with investors to help startups raise funds to participate.
*Ideally, a startup with, at least, 1 year in the market with an average monthly growth of 10-15%.
Onboarding Phase to the U.S. – Month 1
Welcome and adaptation, on both personal and professional fronts. We’ll help the fresh entrepreneurs to settle and adapt to Chicago, including preparing them for the winter time.
- Legalities: We will form the American subsidiary, including the partners’ contractual agreement, with a well-defined exit strategy, including the immigration-versioned business plan;
- Planning: Plan and strategy of the American company, while adapting the foreign parent company’s vision.
- Relocation: Furnished apartment and assistance with health insurance and public transportation;
- Adaptation: Chicago and Incubators’ tour. For the cohort starting close to winter, we will help know to prepare for it.
We have the full support of the incubators’ resources and network, adding to our own.
- We work to adapt, when necessary, to a new immigration status and related business requirements.
- Furnished apartments with washer and dryer, covered for 6 months;
- Utilities included: gas, electric, internet, water/sewer;
- Assistance in the purchase of winter garments, shoes, and accessories.
Incubator: 1-year membership to one of the four incubators: 1871 (tech startups), Matter (biotech or health tech startups), Bosch Chicago Connectory (IoT startups and Industry 4.0), and Motorola mHub (Industry 4.0).
Feel free to visit their sites to see all included amenities:
Growing Phase: Month 1 – 6
We will work side by side with the entrepreneurs to secure the adaptation of their product to the U.S. market and to increase the odds of investment acquisition.
We will provide:
- Product: Using design and development resources, we’ll work with the startup to adapt the product to the U.S. market;
- Marketing: Growth hacking for U.S. market validation and penetration;
- Investment Requirement: Initial technical due diligence to prevent potential future investment delays;
- Business Development: Access to multiple networks of mentors, workshops, presentations, soft launches, and pitch practices.
Entrepreneurs will learn how to operate and maintain their businesses in the U.S., as well as further develop their professional and leadership skills.
- Networking opportunities, including weekly catered Happy Hours;
- Quarterly speed networking with mentors, investors, board members, corporate partners, and other entrepreneurs;
- Over 500 events a year, featuring talks from successful entrepreneurs, VCs, tech leaders, and other influencers;
- 1871’s extensive network of investors, mentors, educators, civic leaders, and corporate and community partners;
- Curated workshops to meet each startup’s needs, from the 30+ workshops available monthly;
- 1-on-1 mentorship with a dedicated mentor in alignment with 1871’s mentors;
- Investor-versioned business plan, executive summary and pitch deck;
- PR/Media exposure with major media, such as Chicago Tribune and Forbes;
- Hands on growth hacking strategies with fully implemented SEO, SEM, SMM, design and development to reach all potential markets within the U.S.;
- Community integration and pitches through 1 Million Cups Chicago.
Launch Phase: Month 5 – 6
The entrepreneurs will learn and practice pitching strategies, as well as continue to be exposed to potential strategic partners, mentors, and investors, through networking and soft launches.
- Networking: We will form the American subsidiary, including the partners’ contractual agreement, with a well-defined exit strategy, including the immigration-versioned business plan;
- Funding: Receive a complete business and financial plan, accounting for all potential investment options (investments, special low-rate loans, crowdfunding, etc);
- Roadshow: Prior to the hard launch, we will take the startups to a networking trip for more exposure, and meet successful entrepreneurs, potential investors and strategic partners, to 3 large ecosystems: Toronto, CA, New York, and Boston.
- Launch: Launch their company in one of the two major startup events in the U.S., SXSW or TechCrunch Disrupt. The startups will be 10 days in each city where the hard launch will take place, such as Austin for SXSW and San Francisco, for TechCrunch Disrupt, to meet with potential investors and strategic partners.
Each Cohort is planned to hard launch in one of two major startup events in the U.S., SXSW or TechCrunch Disrupt.
1 full immersive week in Boston, in partnership with WorldBoston:
- Flight + Hotel + Ground Transportation;
- Ecosystem visits to innovation centers;
- Pitch presentations for potential investors;
Major Launch at SXSW or TechCrunch Disrupt, including onsite services:
- SXSW event – full 10 days;
- TechCrunch Disrupt event – full 5 days + 5 days of events in SF.
- Flight + Hotel + Ground Transportation;
- Event Exhibitor Entrance Fee;
- IT and development support;
- Dedicated PR/Media support for all Cohort’s startups;
- Support from all Idea Lunchbox’s leadership to assist with presentation, pitches, and networking;