THE STARTUPS WILL BE ABLE TO TEST THEIR BUSINESS MODELS AT UNREASONABLE LABS
Ten idea-stage, social impact startups will receive mentoring from local entrepreneurs and business leaders at Unreasonable Labs North Texas, a five-day intensive training accelerator being launched at the The Grove, 501 Elm St., Suite 450 in the West End area of downtown Dallas.
The accelerator will begin on Sept. 12, and the startups will be testing the “core assumptions of their business models,” Unreasonable Labs co-founder Tim Girgis said in a release. Deadline for applying is Aug. 15.
FIRST UNREASONABLE LABS IS A PILOT
The lab is being held by The Grove, a social impact coworking space and the Boulder, Colorado-based Unreasonable Institute.
This first lab is a pilot that will help evaluate the need for Unreasonable Labs in the Dallas area. Following this event, the team at The Grove plans to launch a one-year, seven-lab series that will operate as an accelerator for social enterprise in 2017, according to the release.
Girgis said that the startups in this first lab will finish with connections to the Dallas-Fort Worth startup community, validation from real customers, prototypes of their products or services, and with strategic plans for launching their business.
“These startups are unique because they are tackling the world’s biggest problems.” Justin Nygren
Co-founder Justin Nygren said the lab will offer something unique to the startups.
“These startups are unique because they are tackling the world’s biggest problems,” Nygren said. “We’re looking to give social entrepreneurs an unfair advantage in their pursuit of addressing huge problems—both global and local.”
Unreasonable Institute is a global provider of entrepreneurial education.
According to the release, 93 percent of of ventures that have completed the institute’s programs have gone on to receive funding, and that those ventures have impacted more than 8 million people worldwide.
Unreasonable Institute is partnering with The Grove on what it calls North Texas’ only social impact-focused coworking space.
The Grove is home to more than 100 businesses and organizations.
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