Resident teams have a Lead Advisor (faculty member or entrepreneur), go through the 6-month program, attend all required events, are generally present at NHSA, and are fully engaged members of the NHSA community. They have a dedicated work space and will present their stratups during the 6-month period to companies from relevant industries and VCs.
Hot-Desking teams are startups (faculty members or entrepreneur) at various stages. They may be interested in a shorter stay, and/or already have funding and want to engage with the NHSA community. They are invited to work in the open areas and to attend all workshops and events. Graduates of the resident program are also invited to hot-desk for 6 months post-graduation, if space is available. Hot desk teams who are fundraising can present at present their stratups during the 6-month period to companies from relevant industries and VCs.
Startup Development Phases
You can easily understand in which stage your startup is by checking the graph below (the curtesy of Startup Commons).