Even as more and more startups are emerging almost daily, there is one constant truth that drives the ecosystem: No matter what the idea and the strategy, a budding entrepreneur needs money and guidance to keep the momentum going. .
Without proper funding, startups can collapse as easily as they started the business. Likewise, without mentorship and a good knowledge of running a business, a startup may never see the light of day.
Get to know the incredible finalists here
Founders looking for success often turn to an incubator for help. Incubators offer great ways to start and grow businesses. Typically, incubators incubate disruptive ideas in the hope of building a business out of them.
According to various studies, entrepreneurs who started in business incubators have on average a higher success rate than competitors who go it alone.
What is an incubator?
A startup incubator is a collaborative program designed to help new startups and individual entrepreneurs grow their businesses. Incubators help entrepreneurs solve the pressing challenges of managing startups by providing them with mentorship, seed funding, workspace, and training.
The global incubator market is expected to reach $ 1.5 billion by the end of 2026, with a CAGR of 5.1% in 2021-2026, according to a report.
Now here is the good news.
If you’re an Amsterdam-based entrepreneur looking for a head start to launch your startup, count yourself lucky.
The Amsterdam Law Hub, in collaboration with Pro Bono Connect, 16 Zuidas offices, StartupAmsterdam and Uber, has announced its first incubator event, Incuboater. The first event will take place on October 21, 2021, where they will provide free legal advice to startups, also on a boat.
Speaking about the idea behind the Incuboator event on the boats to Silicon Canals, Nathalie Dijkman, Director of Amsterdam Law Hub, shares: âOur fabulous colleague Frances Singleton is always full of creative ideas and loves puns. She leads our start-up program at the Law Hub and, as such, has sought to develop partnerships with law firms to provide legal advice to our start-ups and those in our network.
She adds: âEarlier this year she said ‘wouldn’t it be great to rent a boat for our startups and call it the Incuboater ?!’. When someone comes up with a creative idea on our team, I always encourage them to implement it. Also: this idea was not only creative but also very useful – we want Amsterdam startups to know that they can count on the Law Hub for legal advice.
What to expect?
With the city of Amsterdam as a backdrop, the Incuboater boat, also beloved as Incuboat, will dock at three iconic locations. Each location represents a theme where 10 startups that follow the same theme in their companies will embark.
Dijkman says: âA group of enthusiastic lawyers from leading firms in Amsterdam, as well as from Uber, will offer their time and intelligence to promising start-ups and NGOs in Amsterdam. On a boat. Each registered startup will receive a time slot and a location to board the Incuboat.
She continues, âRight now we already have a waiting list of startups who want to join, so we hope that everyone who has been given a spot will actually join and take the chance to get advice from. free legal experts. We will end the boat ride at Law Hub (UvA Roeterseiland) with drinks and snacks! â
During the initial formation of a business, entrepreneurs face many business and legal challenges.
According to Dijkman, many startups face legal issues early on, such as
- How should they register as a legal entity?
- What responsibilities exist in the Netherlands with regard to the different structures?
- What does a shareholders’ agreement look like?
She further adds, âIt is important to note that many startups also face intellectual property or branding issues regarding their invention or brand. And of course, legal questions arise when disputes arise throughout the life of a startup, which is a must for any legal person.
By boarding the Incuboat, budding entrepreneurs will be able to have their legal questions answered.
How The Amsterdam Law Hub supports startups?
âAt Law Hub, we offer a market launch incubator program for early stage startups that focus on innovation in the legal industry (including flexible workspace for 12 months). We also have a small seed fund for start-ups. And last but not least: free monthly legal walk-in clinics for startups offered by law firms in our network. The Incuboater is just the start! concludes Dijkman.
Here is the program of the Incuboater program provided by Amsterdam Law Hub:
10h00 – 12h00 The legal center of Amsterdam
This is the place to kick off!
The theme that accompanies this spot is naturally aligned with what the Law Hub represents: startups with social impact, operating in the legal sector and the social and human sciences.
12:30 p.m. – 2:30 p.m. Amnesty International
The second location is in the center of Amsterdam, near the Amnesty International headquarters and the famous gay monument. Here we focus on tech initiatives and NGOs.
3.30 p.m. – 5.30 p.m. Amsterdam Legal Center
We end where we started our boat trip; At the Amsterdam Law Hub, we welcome startups with scientific and medical training at the end of the day.
Are you a startup who can use legal advice? Register here.
How his partnership with Salesforce helped him succeed!