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I was part of the IK12 W2012 cohort and can answer some of your questions. 1) They don't reveal how many applications they receive, though they tend to accept
by mikeleeorg 14y ago
I was part of the IK12 W2012 cohort and can answer some of your questions.
1) They don't reveal how many applications they receive, though they tend to accept around 9-10 teams for each cohort. Since they are modelled off of YC, much of their criteria and selectiveness are similar. Geoff Ralston, an IK12 partner, is also a partner with YC.
2) I don't think there's a good, standard answer for when is the best time to apply to an incubator. It kind of depends on your background. Like YC, if you & your team are a bunch of amazing hackers & hustlers, it's possible you'll be accepted without an idea. Having an established idea with demonstrable traction is also a good thing. I would suggest applying right now, just to go through the process. Even if you aren't accepted, the application process will force you to fine-tune your business strategy.
3) Being a non-technical founder is not necessarily a show-stopper. One of the current startups, NoRedInk.com, came in as a single non-technical founder. However, this founder is a teacher, had demonstrable traction, and had already raised some money - so he entered the program with an enticing track record so far.
Good luck!
- akhushraj 14y agoMike, Thanks for your response. These make sense and I will be applying this time. Cheers! Abhinav