Why should I join Ooosh Incubator?

• Compared to other government and private programs on the market, Ooosh's Incubator is personalised with weekly one-on-one mentoring with Ooosh's Investment General Partners and relevant industry mentors within our network.

• Our program is also designed to ensure startups are on the right track to becoming an investible, viable business upon graduating. We have a 50% graduation rate and 100% of them secured investments from our network.

• Our program is designed in a way where all our interests are aligned - for example, in areas such as incentives to complete the program in a timely manner, build traction for fundraising, and fulfilling potential investors’ concerns.  

Would Ooosh Tech Lab consider investing more than USD10,000?

Yes, we have done and can do. However, this will only potentially occur as a follow-on investment in the next fundraising round.

What is your investment criteria?

We have 4 core criterias for investment:

​

1. Focus - is your idea an innovative software solution solving one particular untapped, inefficient problem

2. Prototype ready - you should have a general idea on what you wish to build

3. Technical - you must have at least one technical co-founder that has the ability to build, or lead a team to build, your software

4. Location - must be geographically based in Hong Kong or South East Asia

What are your deal terms?

1. We charge zero incubation fees.

2. We kickstart your fundraising with an initial invest in return for 1.25% on future equity.

3. We will help you fundraise from our investor network with the following referral fees:

​

• For the first $100,000, we take 30%

• For the next $100,000, we take 20%,

• For any additional amount raised beyond, we take 10%

Will OTL charge fees on investments that are not referred by OTL?

No, we will not. We will upkeep an investor list for each of our teams  in order to track investors we have specifically referred. Investors that have not been referred by us will not be charged.

How will the 1.25% future equity be structured?

It will be constructed as a SAFE where we will receive 1.25% at your next equity raise. To learn more about a SAFE, follow this link.

Is the program fixed at 6 months?

The short answer is yes. However, teams will be assessed on a case-by-case basis. If teams appear closer to being investment ready, we may, and have, reduced our program duration accordingly.