Based in Brooklyn, BK-XL is an early-stage, industry-agnostic startup accelerator program focused on supporting underrepresented founders.
Donor Name: Social Justice Fund
State: New York
Type of Grant: Program
Deadline: 05/03/2024
Size of the Grant: Not Available
Grant Duration: Less than 1 Year
Details:
The accelerator is powered by the Joe and Clara Tsai Foundation’s Social Justice Fund.
The 2024 BK-XL accelerator cohort will be an in-person program running for 10 weeks between July and September. Up to 12 companies will be selected to participate. Participants will build their businesses in Brooklyn during the program and will receive:
- An investment of $125,000 for 7% equity on a post-money SAFE
- Office space at Camp David in Industry City for the participating founders
- Ongoing mentorship and support from investors and operators at Blue Pool Capital, Udy Road Holdings, BSE Global, the Brooklyn Nets, Barclays Center, and other partnering organizations
- The opportunity to hear from and engage with investors and industry-leading operators across a variety of events
- A peer group of exceptionally talented founders who will be there for you as you take your entrepreneurial journey to the next level
BK-XL and its network of partners will continue to support the selected companies after the completion of the accelerator program.
Criteria
- BK-XL is open to founders of all backgrounds. They especially encourage those who identify as being from underrepresented backgrounds to apply.
- Founders can be based outside of NYC, but they must commit to building their startup full-time in Brooklyn for the entirety of the 10-week program between July and September 2024.
- BK-XL is industry-agnostic and will accept technology-enabled businesses in any sector. They look for companies with a strong founding team, scalable business model (e.g. not a local dry cleaner), a unique value proposition, and some demonstrated customer traction. You are welcome to explain more about your unique business in your BK-XL application!”
For more information, visit Social Justice Fund.
