I've actually applied for the Lab to Market program on the suggestion of my supervisor. You basically have to pitch your idea, and explain what you anticipate the size of the market is, any anticipate IP issues, technical challenges, etc. All those points were about 200 words, so it doesn't have to be a formal business plan or anything.
From what I understand, if I'm selected, it's a 16 week program where they teach you how to go about starting a business. They also give a $15 000 grant to help get started. In my case, my supervisor's helped students start companies before so he's very open to the idea, but I'm guessing that's not the case with many.
I've actually applied for the Lab to Market program on the suggestion of my supervisor. You basically have to pitch your idea, and explain what you anticipate the size of the market is, any anticipate IP issues, technical challenges, etc. All those points were about 200 words, so it doesn't have to be a formal business plan or anything.
From what I understand, if I'm selected, it's a 16 week program where they teach you how to go about starting a business. They also give a $15 000 grant to help get started. In my case, my supervisor's helped students start companies before so he's very open to the idea, but I'm guessing that's not the case with many.