Deadline: 23 March 2024
The OCEAN accelerator helps early-stage founders build venture-backable companies.
The 17-week program leverages seed funding, mentors, education, and professional services to help grow startups while inviting founders to integrate their faith, purpose, relationships, and health into their startup journey.
What Makes The OCEAN Accelerator™ Unique?
- Product Design & Development
- Go-to-Market Strategy
- Investor Readiness
- Mitigating Isolation & Burnout
- Founder Identity & Building Culture
What are characteristics that influence acceptance to the program?
- Ideally, they are looking for post-product and post-revenue teams with great co-founders. Some other things that will strongly influence your chances of being accepted:
- Multiple Co-founders–They like to see at least two, one of whom should be technical
- Domain Experience–Are you working on something that you know a lot about?
- Customer Validation & Business Model– have you spent time proving you’re solving a problem that people really care about (and are willing to pay money to solve)?
- High Cultural Potential–They believe in building into people who are trying to change the world and who are likely to be good stewards of their success
- High Growth Potential–They’re looking for venture-backable people and ideas with a high likelihood of creating sustainable businesses that grow quickly and create lots of high-paying jobs over time
- Tech-Based–Because web/tech business is what they know best, they believe they have the highest potential to understand and help accelerate businesses with a web or software foundation
Criteria
- Up to 10 companies are selected per OCEAN Accelerator Cohort.
- They like to keep the class size on the smaller side in order to be able to offer more personalized guidance and training throughout the program.
- You can participate in the 17-week program from anywhere in the world. The cohort will get together onsite in the United States for welcome week, a mid-session retreat, and closing week.
- OCEAN is a federally recognized 501(c)3 and welcomes applicants of any race, color, national or ethnic origin, ancestry, age, religion, disability or handicap, sex or gender.
- Along with world-class business content, the program also draws from wisdom in the Bible and the life of Jesus, so they do ask that founders be willing to participate in those discussions as part of the cohort.
- All companies are expected to have your founding team at three onsite weeks. Welcome Week (June 3-7), Mid-Session Retreat (July 29-Aug 2), Demo Day (September 23-27).
- During the other weeks, there are 4-6 hours of virtual meetings each week scheduled during U.S. business hours along with field work.
For more information, visit OCEAN.
