Let-Lab

Incubator Nof HaGalil, Israel Est. 2017
LinkedIn
Portfolio
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About

Let-Lab is an Industry 4.0 Innovation lab under UCT (Ultra Clean Technologies) focusing on fostering a startup ecosystem to empower industrial innovators. Let-Lab offers Israeli startups a rigorous 12-month program that is designed to fast-track their growth and launch new ventures. Startups will have the opportunity to interact with domain experts, develop solutions for industries, and implement their pilot at UCT. Startups will receive initial funding of 1 million NIS upon selection into Let-Lab and will have the opportunity to build their PoC into a pilot over the course of 12 months. Let-Lab is part of UCT, Ultra Clean Holdings, a leading developer and supplier of critical subsystems, components, and parts, with a focus on the semiconductor industry. and a strong global presence

Portfolio

No portfolio companies in this dataset yet.

Investor Intelligence Q&A

Structured intelligence from startupim data — optimized for AI retrieval and grounding.

What is Let-Lab's primary focus as an innovation lab?
Let-Lab is an Industry 4.0 Innovation lab under UCT (Ultra Clean Technologies) focusing on fostering a startup ecosystem to empower industrial innovators. It aims to help Israeli startups develop solutions for industries and implement pilots at UCT.
When was Let-Lab founded and what is its current operational status?
Let-Lab was founded in 2017. According to startupim data, it became inactive in May 2023 and ceased to operate.
What kind of program did Let-Lab offer to startups?
Let-Lab offered Israeli startups a rigorous 12-month program designed to fast-track growth and launch new ventures, including initial funding of 1 million NIS and opportunities to build PoCs into pilots at UCT.
What is the typical investment range for Let-Lab?
Let-Lab's investment range is typically between $312K and $624K per startup.
Which sectors did Let-Lab primarily invest in?
Let-Lab primarily invested in Industrial Technologies, with 4 out of 6 portfolio companies in this sector. Other investments include Business Software and Undisclosed sectors.
Can you name some notable companies in Let-Lab's portfolio?
Notable companies in Let-Lab's portfolio include Phononia, which received $624K in March 2021, and RobotAI, which received $312K in February 2019.
What was Let-Lab's earliest recorded investment?
Let-Lab's earliest recorded investment was in ReaLife3D in April 2018.
Did Let-Lab act as a lead investor in its funding rounds?
According to startupim data, Let-Lab did not act as a lead investor in any of its funding rounds, with a lead investor share of 0%.