Companies in the program will have access to training workshops, research and development facilities, technical assistance and one-on-one business coaching.
The accelerator is split into three modules, with each lasting three or four months. The first module focuses on product design, the second on building a product and the third on scaling manufacturing.
The ideaHUB says on its website that BUILD is particularly well-suited to entrepreneurs who are ready to start prototyping but lack access to the facilities or materials they need to execute their ideas.
For help with access to supplies and services, accelerator companies will also be able to apply for up to $10,000 of funding to cover materials and prototyping costs.
Companies that have previously completed BUILD include cannabis quality control specialist Greenlight Analytical and well-water testing startup Drinkable, which won a $3,000 cash prize at the program’s climactic pitch competition in May.
Interested entrepreneurs can find instructions about how to apply here. The deadline is Sept. 13 and the program starts Oct. 23.