About this Program
The Accelerate program offers direction, mentoring, capital, and long term assistance with your business. We mentor your business to MVP to push your brand into the market with planning and industry knowledge. We align with you and provide a support system for companies and founders on a social and business level. Be better prepared for future funding, peace of mind, and more!
Demographic: Founders of the African diaspora
Verticals: eCommerce/mCommerce, Software-As-A-Service, Marketing Technology, Retail Technology, Real Estate Technology
Startup Stage: Development to Pre-Seed
Term: 12 months
Applicants undergo an interview process and are then inducted into the accelerator program based on either their completion of the Incubate program, completion of a Founder Institute cohort, or their ability to demonstrate their company has a grasp of what it takes to run a startup company. We then take the company to the next level by providing cohesive, one-on-one mentorship. Companies will have weekly meetings with mentors, monthly meetings with peers, and gain access to a network of people and tools to help grow their business. After completion of the program, companies may become eligible for investment from the program.
Bantunium Labs has made a commitment to assist other organizations and accelerator programs with solving diversity and inclusion initiatives by providing highly vetted and prepared companies to help bolster their portfolios. Completion of the Accelerator program should see companies launched and ready for funding rounds with a clean capitalization table to go after larger investments to ensure success. Funding may or may not be given to companies that do not meet certain criteria.
What to Expect
Expect to work hard. You are the beginning and the end of your business. If you are not willing to invest the time, effort, and money to grow your business, this is not the program for you. You will be drilled through the business model canvas process and lean startup methodology to grow your business. Listening to the advice given by mentors could be the difference between progress and stagnation.
Virtual and Face to Face Participation available for founders to grow their companies but being in the Atlanta area is preferred for access to resources. Program fee covers program materials, weekly mentor meetings, and access to partnership resources such as legal, banking, funding, and technology.
- Funds up to $10k per team
- Takes up to 2.0% equity
- Accepts 20 companies
Business Services, Consulting, Consumer Services, Digital Marketing, Marketing / Advertising