Join the Five One Labs Entrepreneur Academy

Five One Labs is pleased to announce that we are launching the applications for our second Entrepreneur Academy, starting on November 11th in our coworking space in Sulaimani, “The Lab:Suli.”. The Entrepreneur Academy is a two-month, evening training course that will teach you the fundamentals of how to start and lead an innovative business.

The Academy will run every Sunday and Tuesday evening (5:00-7:00pm) from November 11th - January 15th. The Academy is a highly selective, focused, and energetic program for people who are planning to launch their own businesses or who have launched their business within the past year.

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We are recruiting strong entrepreneurs from diverse communities including refugees, internally displaced people, and locals. If you are passionate about a startup idea and want to learn the skills to turn it into a business, this program is right for you!

The full two-month training program costs $250. Read below for more information on the program cost and our limited financial scholarships.

SPECIAL PROMOTION:  Submit your application before October 25 at 11:59pm and you get $100 off the full price of the course! (Note: You still must be accepted to the program.)

Applications are due by Tuesday, November 6 at 11:59pm.

What Do You Get From Joining the Entrepreneur Academy?

We want to give you the resources you need to grow your business. This could mean a number of things:

  • Practical training to help you learn the fundamentals of starting a business

  • Connections to the business community, investors, and champions

  • Connections to marketing, design, and technical advice as you develop your product or service

  • The full support of a world-class team of trainers, advisors, and friends at Five One Labs who will push for you to succeed

  • Access to social events and an entrepreneurial family to share the experience with!

Who is Eligible to Apply?

All Five One Labs entrepreneurs must be committed to attending the full two months of training (from November 11 - January 15, 2018). The training will be held on Sunday and Tuesday evenings from 5:00-7:00pm.

The program will be held in English, so candidates must have good written and spoken English ability in order to apply. This means being able to converse easily and understand business terms.

You:

  • Are an aspiring entrepreneur with a creative idea for a new business

  • Have strong self-motivation and professionalism

  • Possess a good level of English speaking and writing skills

  • Are able to attend the Academy in-person at The Lab:Suli each Sunday and Tuesday from 5:00-7:00pm

Your business:

  • Is innovative and has a high chance for success

  • Has a scalable model for growth and income-generation

  • Is in the idea stage or later of business development (you already have a set plan and strategy, and just need to implement it)

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Finally, we are looking for candidates from very diverse communities, including locals, refugees, and internally displaced people in Iraq. If you are not sure you are eligible or have any other questions, please email us at applications@fiveonelabs.org and we will respond immediately!

Program Cost

The cost of the program is $250. The cost will include two trainings per week for eight weeks (for a total of 16 training sessions), access to advisors and potential additional support, and individual advice from the Five One Labs training team during “Office Hours” every week.

We welcome diversity in our program and encourage all individuals to apply. In order to ensure that those who are interested can participate, we have a limited number of scholarships available to cover some or all of the cost for entrepreneurs on a needs-based system, particularly for university students and displaced people. If you are not able to participate without financial support, you can apply for one of our scholarships using our Financial Aid Form.

Frequently Asked Questions (FAQ):

What is an entrepreneur? An entrepreneur is someone who is starting a new business to solve a problem in a creative, innovative way.

What if I don’t speak English? Don’t worry, we’ll be running Kurdish and Arabic programming soon!

What will our schedule be each week? Over the course of 8 weeks, there will be an curriculum that will cover topics related to launching a businesses, such as customer discovery, defining your value proposition, building business and financial models, and strategy, among others.

There will be two training sessions per week at the Five One Labs coworking space in Sulaimani, along with opportunities to put into practice what you learn and to get feedback from your trainers. Over the course of the Academy there will be a few sessions of office hours with the trainer, who will be available to answer any questions you may have about the topics covered or the development of our business.