About this Program
• • The Spring 2021 program is going to be virtual • •
NextFab's RAPID Hardware Accelerator is a ten to twelve-week program focused on helping hardware entrepreneurs jump-start their business by providing them with hands-on technical and business consulting. In addition to access to state‐of‐the‐art equipment, software, and training, NextFab will invest up to $25,000 in each of the four accepted teams.
Membership to NextFab state-of-the-art facilities for you and your team. You’ll gain access to experienced engineers and a community of hardware entrepreneurs.
We invest up to $25k in each venture. In addition, we connect you with our network and share additional funding opportunities. There’s also opportunity for follow-on funding.
Product and Business Development
Unlike other investors, NextFab invests only in pre-seed stage hardware startups getting ready to commercialize their products. We provide hands-on technical product development support and senior level marketing and business development consulting tasked with helping each startup get their foot in the door and securing their first real, paying, customers.
Since the RAPID program’s inception in 2016, NextFab has made 37 investments in early-stage startups. Collectively, after graduating from the accelerator, these teams have raised over $16 million from angel investors, venture capitalists, and government grants.
NextFab's RAPID Hardware Accelerator program seeks hardware startups for its Spring 2021 cohort.
• Applications Open: Dec 18, 2020
• Application Deadline: Feb 19, 2021
• Phone Interviews: Feb 15 - Feb 26, 2021 (the sooner teams apply, the sooner we will interview them)
• Video Conference Calls: Mar 1 - Mar 9, 2021
• Due Diligence: Mar 10 - Mar 12, 2021
• Investor Presentations: Mar 15 - Mar 19, 2021
• Announce Teams: Mar 23, 2021
• Start of the Program: Apr 8, 2021
• Graduation: Jun 24, 2021
Download the Application One-Pager here: https://nfstud.io/rapid-2021-spring
NextFab's Venture Services Infographic: https://nfstud.io/infographic-2021S
You can learn more about our previous cohorts below:
NextFab’s Hardware Accelerator Goes Digital Due to COVID-19
NextFab Fall 2019 RAPID Accelerator Sizzles to a Close
Introducing the Fall 2019 RAPID Cohort
NextFab is seeing more out-of-state companies apply to its RAPID accelerator
RAPID Looks Forward With Fall 2018 Cohort | September 2018
NextFab RAPID Startup Hexmodal Goes from Concept to Product in 8 Weeks | May 2018
RAPID Rockstars: Bryanne Leeming of Unruly Studios | December 2017
RAPID Rockstars: Alperen Topay of EAOS | December 2017
NextFab Incubates an Unruly Startup! | September 2017
RAPID Autumn, 2017 Startups | Fall 2017
RAPID Cohort Raises $96,000 in One Week | Spring 2017
RAPID Graduates! February 2017
- Funds up to $25k per team
- Takes up to 0.0% equity
- Accepts 4 companies
Aerospace, Agriculture, Biotechnology, Business Products, Clean Technology