Describe the project or task Impact Hub helped with:
Basically in the BMC program they accept everyone who just has an idea focused on social and sustainable impact, but they just have an idea, nothing more.
This means that if you have a valid idea already a bit developed you're going to find yourself with random people that just woke up the day before with some ideas without any realistic validation. You will feel like a grown up professional in a day care.
Basically Impact Hub Amsterdam take from you 1.2k euros for this program, no shares or anything, why? Because they don't really believe in your projects but only in getting your money, and they say this is "more fair" than taking shares and no money at the beginning (I don't see how this is more fair).
I decided to quit the program immediately after the kick off meeting, but they told me I should have paid 500 euros then for the time they lost for me. I didn't sign any contract if not the application form, where there is only one line that says "you are aware of the fact if you are selected you will pay the total amount", which is of course not a transparent contract since there are no terms and conditions stated.
They insisted telling me I had signed a contract, starting to sound a bit threatening. In the end I told them I would have paid max 200 euros, and they agreed (even adding 42 euros of taxing on top of the 200..........).
So... they tell everybody they are focused on making impact on the society, but to me seems that they do indeed make an impact, but a negative one: making people lose time, forcing who doesn't want to do the program to give them peanuts money and going around saying they are the good people.
Don't do incubators that ask for money since the beginning, it means they don't believe at all in your idea. Review collected by and hosted on G2.com.