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Frequently asked questions

Is my business right for RElab?

If your business is focused on innovation with application in the areas of interest described in the relevant section of our website, then RElab is perfect for you, no matter what stage your business is at or where you’re based. 

RElab is also open to being surprised so if you are working on anything that can transform the world of real estate even if not in the specific categories we would love to hear from you, even if it is not in the specific areas of interest described.

When is the deadline for applying?

22 July 2018

What information do I need to provide in my application?

We ask you for information about you, your idea, your team and your company. Don’t hold back, let us know how great you are.

Is there a minimum age?

You must be at least 18 years old to apply for RElab.

I don’t live in the UK, can I apply?

Of course!  The best innovations can come from anywhere. Bear in mind that you may need a visa to participate in the programme.

Is RElab like other accelerators?

We believe we are different because we focus on building a strong sector and investment partnering relationship.  RElab is an accelerator programme that is fully focused on helping your business get to the next stage. RElab will offer you expert internal mentors from Noé Group and sector-specific external mentors, as well as opportunities to test your ideas in the market and pitch for investment.  Noé Group investment approach and philosophy is to be value add investors aligned with your business as it grows and is committed to leveraging its assets and network to supporting your company’s development and scale up.

How many stages does the programme have?

The programme has 4 stages:

1. Apply 2. Pitch 3. Core Programme 4. Demo & investment Pitch. See our programme timeline for more info.

What are the terms of entry into RElab?

Selected teams will be required to sign a participation agreement to join the programme. This will be shared with teams invited to Pitch Day for early review.

When is RElab?

RElab starts on 8 October 2018 and finishes on 16 January 2019.

Where is RElab?

London based core workspace and events spaces.  Product trials / pilots will be in relevant environments and may be in varied locations in the UK, including London.

Do I need to work from the Lab space during the accelerator?

Being close to Noé Group and their partners will be the best way for you to engage with the people and resources available throughout the programme.

I don’t live in the UK, do I need to find my own accommodation?

L Marks have got a great team on hand who can support you to find accommodation and participate in the programme fully.

I need special equipment to develop my product, will RElab provide it?

We’ll be in contact before kick-off to ensure that everything you need is available. 

Where will the mentors come from?

RElab mentors will be key decision makers in the Noé Group businesses, both Goldacre and Capreon. You will also have direct access to external mentors specific to your innovation category from a network of industry experts, serial entrepreneurs, business functional experts, technologists and investors who are all committed to supporting your company’s success.

What does a day on the RElab Core Programme consist of?

The RElab itinerary is designed to help you create products and develop ideas that can transform the world of real estate. You’ll be working to rapidly develop your product and receive essential real-time guidance on key strategic decisions from your mentors.

How much investment will each company get?

Finalists have potential to pitch for significant seed or scale up investment depending on company stage.  While the amount of investment available is discretionary and depends on company stage, success of project, due diligence, etc, the potential investment is from a group of investors that have the experience and capability to invest anything between £50k and £10m as well as the capacity to follow on as the business scales up.  The investment approach and philosophy is to be value add investors and aligned to partner your business as it grows.

How will the equity stake be calculated?

Each team participating in RElab  enters into an Option Agreement as part of the onboarding process. The terms, including valuation, are agreed case by case and are very much bespoke to each start-up.

How long will the Option Agreements last?

Option Agreements have a six month expiry period.