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Frequently Asked Questions

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Applying

Is my business right for iLabX by VFS?

We want to help startups take their business to the next level through collaboration with VFS. We’re interested in all startups that can help us, in one or more of the categories described. Your startup needn’t be at the very beginning of its journey. Maybe you have a product already, maybe you even have paying customers. If you feel that your startup could benefit from working with VFS then we’d love to receive your application.

When is the deadline for applying?

2nd December 2018

What info do I need to provide in my application?

We ask you for information about you, your product or service, 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 enter iLabX by Volvo Financial Services

I don’t live in the USA, can I apply?

Of course! The best innovators can come from anywhere.

Participating

Is iLabX by VFS like other accelerators?

We believe we are different. We’ll provide your business with opportunities to:

  • Trial your product with VFS
  • Receive mentoring from Senior Volvo Executives
  • Gain insights from subject matter experts through a top-notch education program

What is the process?

The program has 4 stages:

1. Apply
2. Pitch
3. Program
4. Demo

See our timeline for more info.

When is the iLabX by VFS program running?

iLabX by Volvo Financial Services will run from the 11th February – 2nd May 2019

Where is iLabX by VFS?

iLabX by VFS is based at the headquarters of Volvo Financial Services in Greensboro, North Carolina.

Where will the mentors come from?

Mentors will include senior executives from Volvo Financial Services, experts within the wider Volvo business, entrepreneurs and external subject matter experts. A full list of mentors will be announced in due course.

What does the day-to-day look like at iLabX by VFS?

iLabX by Volvo Financial Services’ itinerary is designed to help you create game-changing products. You’ll accelerate your working to rapidly develop your product, receiving essential guidance on key decisions speedily, from your mentors. Each startup’s experience on the program will be unique – we tailor the mentoring and education programs to meet your business’s specific needs.

When will I receive investment from VFS and L Marks?

Investment decisions will be finalised at the end of the program, i.e. after the 10 weeks Lab is completed. Volvo Financial Services and L Marks may invest together, or separately, or not at all.

Will VFS and L Marks invest in every company that joins the program?

We will decide which startups we invest in at the end of the program, i.e. after the 10 weeks Lab is completed.