diff --git a/.github/ISSUE_TEMPLATE/project_labs.yml b/.github/ISSUE_TEMPLATE/project_labs.yml
deleted file mode 100644
index fb924ae9..00000000
--- a/.github/ISSUE_TEMPLATE/project_labs.yml
+++ /dev/null
@@ -1,50 +0,0 @@
-name: "🧪 Project Labs"
-description: To apply for the Labs lifecycle stage.
-title: "Project Labs: [Project Name]"
-labels: ["lifecycle", "incubation"]
-assignees:
-  - maoo
-  - TheJuanAndOnly99
-body:
-  - type: markdown
-    attributes:
-      value: |
-        # Labs
-        The [Labs stage](https://community.finos.org/docs/governance/lifecycle-stages/labs) is for projects in an experimental and exploratory phase.
-
-        **Note:** This issue form should only be filled out after the initial [software project contribution issue form](https://github.com/finos/community/issues/new?template=software_project_contribution.yml) has been submitted and only when applying for the Labs stage.
-
-  - type: markdown
-    attributes:
-      value: "---"
-
-  - type: markdown
-    attributes:
-      value: "## Labs Requirements"
-
-  - type: checkboxes
-    id: labs_requirements
-    attributes: 
-      label: Labs Compliance
-      description: "Labs projects must continue to meet all Labs-level standards."
-      options:
-        - label: "I confirm that the codebase meets [Labs Acceptance Requirements](https://community.finos.org/docs/governance/lifecycle-stages/labs/#labs-acceptance-requirements)"
-          required: true
-        - label: "I confirm that the codebase meets [Labs Ongoing Maintenance Requirements](https://community.finos.org/docs/governance/lifecycle-stages/labs/#labs-ongoing-maintenance-requirements)"
-          required: true
-
-  - type: markdown
-    attributes:
-      value: "---"
-
-  - type: markdown
-    attributes:
-      value: "## Final Steps"
-
-  - type: checkboxes
-    id: badging_commitment
-    attributes:
-      label: Status Badging
-      options:
-        - label: "Project Team commits to adopt the [FINOS Labs badge](https://community.finos.org/docs/governance/lifecycle-stages/labs#badge) in the README.md once approved"
-          required: true
diff --git a/.github/ISSUE_TEMPLATE/software_project_contribution.yml b/.github/ISSUE_TEMPLATE/software_project_contribution.yml
index f87724dc..f945a204 100644
--- a/.github/ISSUE_TEMPLATE/software_project_contribution.yml
+++ b/.github/ISSUE_TEMPLATE/software_project_contribution.yml
@@ -92,21 +92,29 @@ body:
       required: true
 
   - type: textarea
-    id: description
+    id: business_problem
     attributes:
-      label: Description
-      description: "1-2 sentence summary of what the software does."
+      label: Business Problem & Solution
+      description: "Describe the specific problem this solves for Financial Services and how this software addresses it."
     validations:
       required: true
 
   - type: textarea
-    id: business_problem
+    id: mission_statement
     attributes:
-      label: Business Problem & Solution
-      description: "Describe the specific problem this solves for Financial Services and how this software addresses it."
+      label: Mission Statement
+      description: "The mission statement should be a single sentence statement that begins with the words 'The mission of the project is to...' and is followed by the primary purpose of the project or primary goal of the project. This mission statement will be part of the projects technical charter."
     validations:
       required: true
 
+  - type: textarea
+    id: additional_info
+    attributes:
+      label: Additional Information (Optional)
+      description: "Please add any additional information here."
+    validations:
+      required: false
+
   - type: markdown
     attributes:
       value: "---"