BETA Cohort Fall 2023 Application

Thank you for your interest in the BETA Cohort. Before completing your application to the Fall 2023 Cohort, please read more about the program (including startup criteria, schedule, expectations, and more) HERE.

This application will take about 20 to 30 minutes to complete. You are not required to answer questions you are uncomfortable with. Your answers will remain private and will not be distributed outside of the BETA team.

Finalists for the BETA Cohort will be invited for a 30-minute interview with the BETA team before final selections.

If you have any questions, please contact cihan@beta.mn and dylan@beta.mn.

APPLICATIONS ARE CLOSED FOR THE FALL 2023 BETA COHORT

Founder Information

First name*

Last name*

What is the best email to reach you at regarding your Cohort application?*

What is the best phone number to reach you at regarding your Cohort application?*

Company name*

Company url

Is your startup on social media? If so, please list your username(s)/handles here:

How did you hear about this program?*

Attendance*

The BETA Cohort consists of weekly programming/training on Wednesdays from 10-4/5 PM, August 23 through October 25. These interactive sessions and workshops will be in person at the Twin Ignition Startup Garage in Northeast Minneapolis. Please indicate if you would be are to attend these sessions in person.

In-person

Virtually

Combination (in-person and virtually)

Company Profile

This information will help us get a basic understanding of your business, including what you do and where you are in the startup lifecycle.

Company Description*

Please provide a 3-4 sentence description about your company including who you are and what you do.

What industry is your company in?*

When was your company founded?*

Example: 2023

Is your founding team working full time on this company?*

Yes

Partially

Are you building a scalable, tech-enabled product or service as a part of this business?*

Yes

Not sure

Do you consider your company to be a Social Business Venture?*

Yes

Not sure

How do you define the current stage of your company?*

On paper - It is a good concept!

Building a prototype

Have a working prototype

Building a Minimum Viable Product (MVP)

Have an MVP with some clients/customers

Have a final product with some clients/customers

Who are your top three competitors?*

What sets you apart from your competitors?*

Do you have paying clients/customers*

Yes

Total Employees (founders + full-time employees)*

Do not include contractors who are working fewer than 30 hours per week in this number.

Monthly recurring revenue*

Are you generating income? If yes, please let us know how much. If you're tracking this annually, just divide by 12 (or by the number of months you've been in business for anyone less than one year old).

Where is your company located?*

If your company is located outside of Minnesota and/or the U.S., you do not need to complete this form as only Minnesota-based companies are accepted into the BETA Cohort.

Are you planning to work out of the BETA/Space during the BETA cohort?*

BETA currently offers access to the Twin Ignition Startup Garage in Minneapolis. Selected startups will be invited to work with each other in our space for up to five months, at no cost to the startup. It's pretty awesome :)

No, I am happy where I'm at

Yes, I am interested in having my team in the BETA Workspace

I'm not sure yet, let me think about it

My team is available to demo our product at the next BETA Showcase event on September 20th. *

Yes

No (no need to complete the rest of this application)

What are you hoping to get out of participating in BETA programming?

How can we help?

Joining the next BETA cohort is a commitment to entering into a 5-month program that includes Showcasing, access to free co-working space, and introductions to customers, investors, mentors, and more. Knowing this, how can we help you most?

On a scale of 1 to 10, how capable do you currently feel about the following:

Building a powerful business model*

Preparing accurate and comprehensive financials*

Getting your first five reference clients*

Delivering a stellar investor pitch*

Securing your next round of capital*

Sharing your story with the media*

Dealing with founder/team dynamics*

Achieving your next major milestone*

Founder Information

This helps us understand who we will be inviting into our programming. Please answer to the best of your ability.

Please answer the questions below for everyone on your founding team. You must have at least 10% equity in the startup to be considered a founder by BETA. Only founders can come to interviews, if invited, or attend cohort curriculum if accepted.

Why we ask for personal emails:

Long after you've sold your company, we'd like to have a way to keep you in the loop on other BETA activities. It's a community here, and we want to keep you a part of it.

Is there anyone on your founding team that identifies with any of the following descriptions?*

(Select all that apply)

I agree to allow The Beta Group (DBA BETA) to use this information in aggregate for the purposes of promoting the growth of the Twin Cities startup community.*

I agree

I disagree