Startup Program
For Company Builders
Interested in joining our accelerator? Here’s the qualification criteria.
A clear problem worth solving - with relevancy to geology and the subsurface. This generally means the following end markets: geology, geophysics, hydrogen, carbon capture and sequestration, natural resources, rare earth minerals, water resources, soil erosion, land degradation, earthquakes, landslides and other environmental processes, and the application of artificial intelligence and software to these use cases.
We are stage agnostic. We accept companies from early stage startup (meaning idea or MVP) to commercial product that requires further development or enhancement.
If an early stage startup, at least one committed founder is required. Solo founders can get in, but teams are usually favored. Ideally includes one or more technical founders.
Market potential. A large or growing market. We want to see that this can become a venture-scale business. Even if niche, a clear path to scale is important.
Intangibles. Good coachability (you’re open to feedback and hungry to learn). Fit with Terravation Lab's mission, focus area, and values.
Companies can be located anywhere in the world, as long as there is a commitment to participate fully in our programs and events, including remote/travel if required.
Application Materials (send to us in any digital format you choose)
Founders & Team
Team bios: Backgrounds of each founder, including education, work experience, and relevant skills.
Roles: What each team member is responsible for.
Time commitment: Are founders working full-time? Part-time?
Startup Overview
Elevator pitch: A clear, one-sentence description of your startup.
Problem statement: What specific problem are you solving?
Solution/product: How your product/service solves the problem.
Value proposition: Why is your solution better/different?
Product Development
Current stage: Idea, MVP, beta, launched, revenue-generating, etc.
De-risking: What lab tests or MVPs have been pursued? What were the results?
Key milestones: What are the next set of goalposts?
Resource requirements: What technical resources do you need to achieve those milestones? Please be as specific as possible.
Partnerships: Any significant collaborations or pilots?
Key risks: What are the likely pitfalls where you may stumble?
Tech stack: If applicable, what tech is being used?
Demo link or photos: Often optional but recommended.
Market & Business
Target market: Who are your users or customers?
Market size: Total Addressable Market (TAM), etc.
Go-to-market strategy: How will you acquire users/customers?
Monetization: Business model and pricing strategy.
Traction Metrics: Revenue, user growth, customer testimonials, engagement, etc.
Why This Accelerator?
Fit: Why do you want to join *this* accelerator?
Goals: What do you hope to achieve during the program?
Needs: Specific areas where you want mentorship or support (e.g. fundraising, scaling, hiring).
Financials & Funding
Current funding status: Bootstrapped, pre-seed, raised $, etc.
Cap table: Who owns what?
Additional funding: How much more external funding do you need? Do you anticipate raising a round of capital in the next 12 months?
Other
References or recommendations
Legal incorporation details: Country/State, type, date of incorporation.
Talk to Us First
This ensures that when you submit your application to our program, we have all the context that we need to make the right decision. And you can be more comfortable before you invest the time in completing the application.
