- Access to industrial facilities and infrastructure around the globe for faster, lower-cost scaling: labs, warehouses, manufacturing, and everything in between.
- Technical resources, government relations, regulatory expertise, supply chain, and more.
- Access to prospective customers and investors.
- We run a cohort-based program with two entry points each year. Any company is welcome to apply.
- We review applications on a rolling basis and engage deeply with the ones we are interested in. Given the high volume of applications, we encourage applicants to engage with us directly whenever possible – introductions are always helpful.
- As we shortlist companies, we pull on internal Halliburton subject matter experts to support diligence.
- The top 8-10 companies in each cycle are invited to our Pitch Day. After pitches, we collect investor feedback and perform additional diligence before selecting the few companies we invite to join.
- There is no hard quota. Generally, we limit it to no more than eight per year because we want to be sure we can fully support all of them and not dilute the experience. As a reference point, we accept less than 3% of all applicants.
- We invest $100,000 cash and take $400,000 in in-kind equity for the support we provide. Generally, we do this in a SAFE but may be flexible depending upon the funding status of the startup.
- We are investors in every company in our portfolio so we remain accessible and will support everyone for the long haul.
- The engagements become more sporadic over time since we cannot be hands-on with the full portfolio daily, but when any portfolio company calls, we are there to help.
- No. We have backed companies from the Americas, Europe, Asia, and Oceania, and are open to applicants from anywhere in the world.
- However, we will not admit companies located in, staffed by, or financially backed by sanctioned countries or individuals.
- Yes. We love to be public supporters of our portfolio companies and have each benefit from the power of our brand.
- Portfolio companies are welcome to use our name and logo as permitted under the participation agreement, which covers the relationship between Halliburton Labs and each portfolio company.
- We do not anticipate being the target customer for your technology thus pilot opportunities with us will be limited.
- We will, however, support you in identifying and connecting with prospective customers and help deliver flawless execution wherever we can.
- If you are still in the lab figuring out the basic science of your idea, you are too early for us.
- While we cannot help you define your basic intellectual property, we encourage you to reach out to us, because we like to see the great ideas that may fit our model 1-2 years into the future.
- Yes. Startup journeys are not linear, and we often find companies get their footing after their first application.
- It is important for us to keep warm relationships with founders building world-changing innovations, and we often find ourselves re-evaluating something we diligenced a year prior.
- Well-capitalized Seed and Series A companies can significantly benefit from our capabilities. If great founders and investors are onboard with having us, it can work for everyone. Having said that, we should talk early (but not too early) if possible.
- Yes. Companies come to us for more than a check; they come to us because we have resources that help them scale faster and at lower cost than they can on their own.
- Yes. A central part of our model is that we must be able to materially improve the trajectory of the companies we work with, and we find it difficult to do that for software startups. There are, however, companies that have a software overlay on their hardware, and those do fit our model.
- No. We look at each company on the merits of its technology and on a standalone basis.
- No. However, data shows that companies with the highest chances of success are referred to us by reputable VC investors and fellow founders and CEOs. If you have those connections, do not hesitate to use them.
- Yes. We are not an accelerator, and our support will not conflict. We are friends with several accelerators, and many of our portfolio companies have been through one (or many) of the top programs. It is important, though, that you think about how you will benefit from Halliburton Labs and whether you can take full advantage of what we can offer. Also, many accelerators are focused on earlier-stage companies than us – we generally find that recent graduates (1-2 years) from some of these programs make a great fit for us.
- Unfortunately, we must hold firm deadlines. Mark your calendar and apply well ahead of time if possible.
- Also, connect directly with our team; those conversations will likely ease the application burden.