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What can we answer?

Below you’ll find answers to the questions we get the most about being part of Halliburton Labs. If you have a question that we haven’t answered already, please get in touch on our Contact page.

Frequently Asked Questions

Halliburton Labs is a collaborative environment where early-stage clean energy companies that require technical and operational expertise, mentorship, access to sophisticated lab space and the ability to demonstrate their technologies can prepare for scale. Selected participants will:
  • Receive hands-on coaching and mentorship from energy industry veterans
  • Join an exclusive community of entrepreneurs, academics, and investors dedicated to ushering in the next generation of clean energy
  • Achieve scale through use of Halliburton’s state-of-the-art research and manufacturing facilities, lab services, and preferred business network
  • Access investors, industry contacts, and customers through Halliburton’s vast global network
  • Access mentorship from Halliburton’s in-house experts on matters from technical R&D and testing to certification and manufacturing processes
  • Have access to Halliburton’s breadth of professional services including supply purchases, manufacturing services, assembly and repair services and logistics services
Halliburton Labs is a 12-month program. In return for unparalleled access to facilities and energy industry experts, Halliburton Labs requires an equity ownership interest of 5% (modified SAFE). Participants may also pay monthly fees for dedicated office, lab, & manufacturing space requirements. Halliburton Labs provides a founder-friendly, low-friction environment to collaborate and accelerate. There are no demands for intellectual property rights, rights of first refusal, or board/observer seats.

Halliburton Labs has an open application process with cohort selection occurring three times per year. The Halliburton Labs team will collect general, non-confidential information from applicants and complete an initial review and identify finalists. These finalists will enter a due-diligence process with our team of experts, composed of individuals from across the venture capital, startup, finance, policy, business, and academic communities. This process may include in-person interviews and reference checks and culminates with a Halliburton Labs Finalists Pitch Day with companies pitching to a carefully curated panel.

 

The pitch day is an opportunity for finalist companies to elevate visibility and make strategic potential investor and prospective customer connections with audience participants from around Halliburton’s global network.

The health and safety of our employees and guests is paramount. We continue to work with local and federal authorities to monitor the status of Covid-19 and have implemented safety measures including proper social distancing and additional cleaning for all who access campus. We will work with you and your team to address your specific needs within the bounds of the restrictions that are currently in place.

 

See Halliburton Covid-19 Response for additional information.
No. Halliburton Labs is based in Houston, Texas, at Halliburton’s global headquarters, conveniently located near George Bush Intercontinental Airport. Participants may want to plan to have at least one employee on campus on a regular basis, yet we have had multiple success cases with virtual accelerator participants.
Yes! If selected into the program, we would love to be a public supporter of each participant company and have each benefit from the power of our brand. Participant companies are welcome to use our name and logo as permitted under the participation agreement, which covers the relationship between Halliburton Labs and each participant company.

We are here to help and will activate capabilities from around our global organization and business network to support company acceleration. This may include a range of support from engineering, manufacturing, and supply chain to fundraising, intellectual property strategy, and building an organization.

 

Additionally, we will host regular check-ins with Halliburton Labs’ leadership to review your progress, help refine your business, and explore solutions to your most pressing pain points.
As part of the program, participant companies will have access to dedicated laboratory working space and curated use of our physical research and testing facilities, as outlined in the participation agreement. Additionally, our team can provide a broad range of on-demand lab services and raw materials procurement (not for commercial production) at Halliburton’s preferred discounted rates.

Halliburton has cultivated a deep network of industry experts, customers, and capital sources.

 

Throughout the program, the Halliburton Labs team will become a close collaborator with the participant team, working with them to determine the optimal timing and strategy to engage these connections in response to the team’s needs.

Halliburton has been a globally recognized leader in energy R&D and services for many decades with operations in numerous countries around the world.

 

From technical to functional to geographical expertise, we have employees and in-house specialists who can provide expert guidance on virtually any topic related to business. As necessary, the Halliburton Labs team will work with participant companies to identify the experts they should talk to and facilitate introductions.
We currently do not anticipate any engagement on this level. By design, the objective of Halliburton Labs is to foster the next generation of clean energy companies, with concepts or ideas beyond what would be directly relevant to Halliburton’s existing services and activities.

Startups admitted to the program receive $100,000 along with various other benefits in exchange for issuing Halliburton Labs a modified SAFE for 5% of the startup's equity.

 

The $100,000 is not a valuation exercise, as Halliburton’s largest investment in accelerator companies is in-kind services.
As participants scale their businesses, the participants will have access to internal Halliburton expertise in business planning, finance, human resources, marketing, supply chain and manufacturing, among others. They will also have access to Halliburton’s wide business network which could include suppliers, potential investors, the broader oil and gas community and more.