Frequently Asked Questions

Will the Semi-final Round be hosted online or offline? In the United States, China, or somewhere else?

  • Due to the impact of COVID-19 on the overall operation, the final format of the Semi-final Round and Final Round has not yet been finalized. However, if either the Semi-final or the Final is hosted in Hangzhou, China, all selected teams will receive a sponsored trip to Hangzhou, China with reimbursement up to USD $3,000 towards transportation & accommodation to participate in the on-site competition. The teams will also be invited to visit leading tech players such as Alibaba and other tech startups in the local ecosystem. 
Frequently Asked Questions

Do I need to register a company entity in China to receive the cash prize if I win anything in the Final Round?

  • No, though you and your team are welcome to set up a local entity in Hangzhou, China, with extensive supports from our local partners. 
  • The final cash prize will be deposited into your preferred company bank account.
  • Specific founders might be qualified for the Special Talent Grant up to $700,000, which varies based on the founder’s background. Please contact us to inquire about further details should any interest arise. The Special Talent Grant is separate from the awards.
Frequently Asked Questions

Will I need a visa?

Cross-border Acceleration
Our extensive international connections make us a bridge between the US and Asia, giving founders access to large and rapidly developing markets.

Long Term Partnership
We are devoted partners looking to build fruitful and supportive relationships with founders beyond the accelerator program period.

Tailored Approach
We tailor our investors, mentors, and guidance specifically for every portfolio company. What matters most to us is that we help you create a positive and valuable societal impact.
Frequently Asked Questions

What’s the program fee?

– $50,000 USD for each portfolio company
– Legal assistance for company formation and IP protection
– Incubator space available in New York for each team
– Weekly speaker series and talks on launching, managing, and growing early-stage startups
– Office hours with Lair East Labs management team and mentor network
– Workshops by our partners
– $350K+ of free hosting credits for major cloud providers, developer tools, product development platforms, and office space.