Frequently Asked Questions
Before the program
When does the next Hackmind batch start?
The next program will begin in October, 2018
How can I apply?
Currently, participation in the Hackmind program is by invitation only. However, if you are a great fit but haven’t been invited, please drop us a line and introduce yourself at [email protected]
Do I need to already have an idea in mind?
No, you don’t need to have an idea before starting the program. You just need to bring your knowledge and experience gained from previous projects and research. We’ll help you bring new ideas to fruition.
Do I have to find my co-founder(s) at Hackmind?
Can I participate in Hackmind remotely or part-time?
Unfortunately you cannot, you will need to be available in Berlin on a full-time basis.
Will I be provided with accommodation?
No, but we will assist you with your search.
Do you sponsor visas?
Hackmind does not directly handle visa sponsorship.
Do I need to speak German?
No. The program runs in English.
Where does the program take place?
In the heart of Berlin. The Hackmind space is located in 62 Winsstraße, 10405 Berlin.
During the program
What happens during Phase 1 (the first 4 month)?
This is an overview of the program. In addition, you’ll receive a Hackmind Talent Fund of €2,000/month during this phase.
What happens after Phase 1?
The Hackmind Talent Fund ends after 4 months. If your project is selected to enter Phase 2, your team will receive a €100,000 investment in return for a portion of future tokens used to launch the ICO.
Are all founders guaranteed to enter Phase 2?
Unfortunately, not all founders will enter Phase 2. You’ll be informed during the last week of Phase 2 as to whether or not your project has been selected.
What happens if I don’t build a successful startup at the end of the program?
What happens if I don’t build a successful startup at the end of the program? At Hackmind we believe failure sucks – especially if you call it failure. if you’re afraid to fail, then you’ll never succeed. We view failure as ‘exponential learning.’ Success is wonderful, and our goal is to provide all of the necessary tools to turn your obsession into a world-changing company. However, if you complete the program without building a successful company, you still have a number of options. You could join another startup from our program, or we can help you develop your career elsewhere. Despite the outcome, you’ll always be a part of the Hackmind family.
Can I incorporate the company outside Germany?
Yes. In the past, we have helped our founders incorporate companies in the U.S. and other locations.
Does my company need to stay in Germany after the program?
No. We encourage our participants to stay in Germany, but it is not compulsory. If basing your project elsewhere will get you the highest growth, we support the decision.
How much do you invest?
We invest €2,000/month in return for 3.5% of any ideas that you developed during Phase 1. If you enter Phase 2, we will invest €100,000 in return for a portion of your future token.