We require that there be at least two founders who can be present for the duration of The Farm program. We like to have a CEO and CTO, in order to diversify the skill set of your business represented in the program. You’ll be learning a lot of new things and be challenged to work on all aspects of your business, so having someone to partner and collaborate with is key. More than two is fine as well – we can certainly work with larger teams, and welcome a wealth of ideas and energy.
You’ll receive USD $20,000.00 in cash, deposited right after signing our stock purchase agreement.
The program is 12 weeks long. The Farm space is open to teams 24/7, and have programming throughout the week, Monday – Friday.
Amenities of our office include:
- Reconfigured desks and workspaces, yours for the duration of the program
- Private conference rooms with A/V and power
- Sound-insulated phone booth for private conversations
- TV lounge with cable tv for screenings and private meetings
- WIFI and high speed internet
- Team lounge area
- Usability testing room with A/V and one-way viewing window
- Electronics/fabrication/prototyping laboratory with tools, 3d printers, electronic workstations, lab benches, ventilation, sponsored byComcast Labs
- Communal kitchen table
- Coffee and Espresso station featuring roasts fromThe Unseen Bean
- Community snack refrigerator, sponsored byWhole Foods Market
- Personal food refrigerator
- Bicycle parking
- Shower/changing rooms
- Guest waiting area
- Reconfigurable presentation spaces
$20k investment for 6% equity, but solely common stock (rather than preferred). Your company valuation is not affected since this is not considered a financing round.
Our company isn’t officially formed yet, or we might be considering reorganizing our structure. Do you have the resources to help us with that?
The Farm has an in-house counsel to help you and great lawyers to support you. We can handle most corporate and cap table challenges.
What kind of “perks” do we get while at The Farm? If we need hosting/computing/advertising/other business services, can you help us make that solid and affordable?
Perks are currently valued above $1.3 million in value. They include hundreds of thousands in hosting from Google, Amazon, SoftLayer, etc. Also included are discounts on most software products that any startup needs (MailChimp, SendGrid, outsourcing, marketing, design, etc). Additionally, we are constantly negotiating new perks, and work closely with our companies to develop perk benefits to suit their immediate needs.
We require at least two core team members to be physically present in Atlanta for the duration of our 12 week program. There’s simply too much good stuff to absorb, and you really need to be in Atlanta to make it work. More than two team members is fine as well. Unfortunately, we can not find housing for you, but we can point you to a few resources to help with your search.
Yes. We prefer Delaware corporations, and our in-house legal counsel will work with you to get this all setup.
No, as long as you can get here for at least three months. We’ve funded many startups founded by non-citizens.
No. Please make sure you understand the requirements and timelines associated with getting a visa for the full duration of the program. You will not be eligible for the program if you can not arrive by Day 1.
Part of the reason we offer the $20k is so you and your team can be completely focused on building your company without worrying for paying for food, housing etc. Our main goal is for our companies to succeed, and we believe that the resources, community and mentors are a big driver to helping them do so. Therefore, we do not accept teams that are unable to focus on their startup full time. Although, we may consider some extreme exceptions on a case by case basis, if the current job is valuable in helping the company to succeed. We have yet to see the case, but we want to stay open minded.
The Lab is free for all entrepreneurs that would benefit from use of the space. If you are working on an IoT hardware product, this lab was built for you! We have an application in place to vet your company and make sure that we are able to support you and your idea, as well as ensure the safety of the lab and other lab users.
In the Lab, users will have access to a wide range of equipment including:
- 3D printers
- Circuit Board Assembly Microscopes
- Digital Power Supplies
- Soldering Irons
- Adobe Design Suite
… and more! The Lab exists to serve the entrepreneur, so we are constantly taking requests from the teams using the workspace for new equipment that would benefit them and others.
Nope! Any early-stage startup operating in the IoT industry is eligible to use the lab.
We’re looking for startups of all different backgrounds. Part of creating a vibrant community means opening our doors to creative and driven people who can share unique insights and perspectives.
We are able to take companies from 2-8 employees. Once companies expand beyond that size we’ll help them find a place to fit their growing team.
Companies are accepted and receive amenities like office space, potential investment or other financial support and mentorship over months or even years. There is not a set curriculum or time frame per se, but participants usually have access to assistance, advice, counseling and a network of contacts.
No, we are pleased to offer access to the lab without cost or exchange of equity.