Applicants are invited to apply for the 2022 Long Beach Accelerator Program.
Donor Name: Long Beach Accelerator
State: California
City: Long Beach
Type of Grant: Grant
Deadline (mm/dd/yyyy): 02/04/2022
Size of the Grant: $500,000
Grant Duration: 4 months
Details:
This program is intended to achieve maximum acceleration for YOUR company and to that end, it will be tailored to your company, industry and stage/needs. Your deliverables will be based upon your work plan and you will have the opportunity to work with an assigned mentor on that plan as well as access optional resources depending on your needs in conjunction with the basic required program.
The Long Beach Accelerator is a 4-month program broken up into two phases. For the first three months, there are weekly workshops and mentorship focused on determining market fit, business strategy and development and sales and marketing. The final month of the program is focused on developing an exit strategy and preparing for demo day to secure additional seed funding for continued growth and expansion.
This 14-week remote-first program is intended to achieve maximum acceleration for YOUR company, and to that end, it will be tailored to your company, industry, and growth stage/needs.
- Digital resource package worth approximately $500,000 and include services such as Amazon Web Services, Airtable, Stripe, Zoom, and many more.
- $75,000 to $100,000+ in capital funding in exchange for 7% equity.
- Access to prime working space in Downtown Long Beach.
- Underrepresented founders strongly encouraged to apply.
Eligibility Criteria
They are focused on industries and verticals where Long Beach has established sector ecosystems and expertise and the LBA can provide exceptional value. To that end, applicants that fall within a competitive industry or vertical (Logistics/Supply Chain, HealthTech, GreenTech, BlueTech, Aerospace, Cybersecurity, and EdTech) will be considered with higher priority. However, other industries and verticals will be considered on a case by case basis, as long as LBA feels there will be significant value added beyond the investment to the startup applicant.
To be considered your company must meet all the following requirements:
- Market opportunity greater than $1BN
- At least one founder is working on your startup full time
- Unique defensible IP or a model that is able to build a moat are preferred
- Status of product: at least ready to build beta, beta complete better
- US Incorporated startups
For more information, visit Long Beach Accelerator.
