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
Why should my company apply to join Halliburton Labs?
- 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
How long can companies participate and what is the cost?
What is the selection process for interested companies?
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.
How does Halliburton Labs intend to address the issues related to the ongoing global pandemic (Covid-19)?
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.
Do I have to move my whole company onto Halliburton Labs’ campus to participate effectively?
Can we reference the Halliburton Labs name and logo in our marketing and sales conversations?
What kind of mentorship will I receive from this program?
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.
What types of testing and R&D resources are available to us?
How do I get access to Halliburton’s external network as part of the program?
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.
How do I utilize Halliburton’s in-house experts?
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.
Will you work with our company for pilots or POCs as a customer?
Does Halliburton Labs provide capital investment to startups that are admitted to the program?
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.