Cohort 1 Application Pool
On Friday, June 1, Lunar Startups celebrated the close of its Cohort 1 application. We are thrilled to share that 45 startups applied to participate in this exciting experiment to support underestimated entrepreneurs.
The following is a snapshot of our applicant pool:
- Veteran-led: 11%
- Woman-led: 51%
- Led by women of color: 25%
- Led by person of color: 49%
Lunar Startups will accept five to seven early-stage companies to occupy dedicated space within Lunar Startups’ offices at Osborn370 in St. Paul’s downtown core. In addition to office space, benefits of the 12-month cohort include ongoing visibility, education, stewardship and team development. Lunar Startups will measure success of the cohort based on the companies’ growth including customers and milestones achieved.
Lunar Startups will announce Cohort 1 in mid-July. The cohort will begin in September to coincide with the launch of our new space in Osborn370. For the latest information on Lunar Startups, follow us on Twitter @lunarstartups.
Cohort 1 Next Steps
This August, the Lunar Startups team is meeting with each individual startup to do a deep-dive diagnostic into their business. During this half-day experience, each team takes time to dig into their team dynamics, their exit goals, business model, product, and plans to scale. This data sets both the benchmark for growth as well as priority milestones where Lunar will focus support.