However, business school can play a vital role in improving these odds for aspiring entrepreneurs. Many business schools now offer startup labs tailored specifically to developing new ideas, pitching business plans, and pursuing investors.
What is a Startup Lab exactly? Startup labs typically offer services ranging from branding to technology to marketing to help startups build and refine strong foundations so they can ultimately land investors.
These business school startup labs act as incubators for students’ ideas, providing guidance and expertise to develop the idea beyond its seed stage. This experience is invaluable—a safe space to experiment, navigate risks, successes, and failure.
This all takes place within the broader business school framework where budding entrepreneurs garner the knowledge and tools to grow a successful business. The room to play and nurture provides a significant advantage for graduates who subsequently enter the field with more confidence and a more comprehensive understanding of how to advance an early-stage company.
Here’s 10 of the best business school startup labs from across the globe:
1. IE University Startup Lab (Madrid, Spain)
Established in 2013, IE Startup Lab provides year-round workshops for students to develop their business plan for launch, faculty mentoring, training in marketing, funding, strategy and legal aspects of entrepreneurship.
Notable Startups to Emerge: EQOSIS, Hot Hotels, HeyPlease
2. iDendron HKU Innovation & Entrepreneurship Hub (Hong Kong)
iDendron offers workspace, networking events, workshops and HKD 100,000 in seed funding to support student startup ventures.
Notable Startups to Emerge: InspiringHK Sports Foundation, 9gag, Snaparty
3. NUS Start-up Runway (Singapore)
NUS Start-up Runway provides workspaces and access to resources such as a Lean LaunchPad Programme, legal and accounting consultation, NUS technologies by researchers, engineers and scientists, and a wide network of venture capitalists, investors, industry partners, corporate companies and mentors.
Notable Startups to Emerge: TaxiBot, Carousell, 99.co, honestbee
4. DMZ at Ryerson University (Toronto, Canada)
Ranked top business incubator in the world. Established in 2010. DMZ provides access to investors, target customers, industry-leading experts and community events for startups to scale and succeed as global companies.
Notable Startups to Emerge: 500PX, Kepler, rumie, Borrowell
5. ESSEC Ventures at ESSEC Business School (Paris, France)
Established in 2000, ESSEC offers an incubator, a nursery and a SEED fund and boasts a 72% survival rate at 5 years (compared to an average of 30%).
Notable Startups to emerge: Amalone, Aucalme
6. Incubator Program at London Business School (London, UK)
LBS connects students to investors and offers a full range of resources support by professional service providers.
Notable Startups to emerge: AssetVault, CarbonChain
7. SRH Startup Lab at the SRH Hochschule Berlin University (Berlin, Germany)
SRH Startup Lab provides a collaborative co-working space, an online startup platform, and networking events to connect with like-minded entrepreneurs. The lab also offers seminars, workshops, and mentoring for all stages of the company founding process. This lab is part of the 'Entrepreneurial Success Space', which unites all Entrepreneurship activities across the school’s campuses, offering a unique combination of executive and academic education.
Notable Startups to Emerge: Retas Medical Assistance
8. AU Entrepreneurship Incubator at Kogod School of Business (Washington, DC)
AU Entrepreneurship Incubator offers grants and provides experienced mentors, networking and educational opportunities, workspace, resources, and guidance throughout the business development process.
Kogod’s 2,000-square-foot incubator is home to more than 20 ventures, and more than 300 students are enrolled in an entrepreneurship class at the school.
Notable Startups to Emerge: MEANS, Upace, Wearwell
9. Startup Aggieland at Texas A&M University (College Station, TX)
Established in 2013, Startup Aggieland is an on-campus incubator and accelerator designed to help students explore and launch businesses around new and innovative ideas. It provides a collaborative, interdisciplinary community where students, experienced faculty and staff, mentors, and local entrepreneurs come together to bring new products, services and solutions to market.
Notable Startups to Emerge: GoFresh!, Gazoo
10. Startup Garage at the Center for Entrepreneurial Studies at Stanford University (Palo Alto, CA)
Established 1996, Startup Garage offers experiential learning opportunities for future leaders in business, and boasts strong connections with the Silicon tech community.
Notable Startups to Emerge: Instagram, Trulia, StubHub