[taylorRichie]

Bummer!

I was really excited about this concept. I was thinking they were taking product ideas, internally vetting them, and finding 26 submissions that they were going to provide MVPs for. In return they become equity partners.

Instead, they're asking everyone to divulge their ideas, they're still selecting 26, but they want you to pay $7500 for your MVP, and if it takes off, then they want to be equity partners.

I'm a UI/UX Designer, with decent front end Dev Skills, and an incubator full of ideas. For $7,500 I'm quite confident I could find a number of Developers, with proven track records, who could assist in creating an MVP.

Oh well...

[halisaurus]

Same thought here: For $7500 you can get something built without giving up equity or even going through an arbitrary vetting process. I've done this myself with offshore developers. It took 8 weeks to go from signing the agreement to deployment.