Deadline: 1 July 2024
Northwestern Mutual Black Founder Accelerator® is investing in in high-growth startups founded by entrepreneurs who have been historically underserved in accessing capital.
In addition to a $100,000 investment, each participating startup will receive a concierge experience during the 12-week accelerator program.
gener8tor and Northwestern Mutual will support the growth of these startups through our network of experienced mentors, technologists, industry experts, angel investors and venture capitalists. They accept applications from startups across the globe. However, they do require that at least one founder from each startup be based in the United States.
Areas of Focus
The investment priorities for Northwestern Mutual Black Founder Accelerator® Powered by gener8tor are aligned with Northwestern Mutual Future Venture’s key strategic areas of focus:
- Fintech
- Digital Health
- Insurtech
- Data Analytics
Benefits
- Investment
- $100,000 cash investment in your current round (if raising) or an uncapped convertible bridge note (if not currently raising).
- Co-working Space
- Co-working space provided by Northwestern Mutual created to advance innovation, ideation and experimentation for local startups.
- $1M+ in Deals & Perks
- Amazing deals and perks from vendors like IBM Cloud, Rackspace, Amazon, PayPal, Zendesk and Microsoft.
- Cohort Programming
- Weekly cohort programming featuring topics including understanding market size, choosing a revenue model, and how to pitch investors.
- Mentorship, Coaching & One-on-One Meetings
- Twelve weeks of individualized coaching and mentorship from the gener8tor team during bi-weekly, one-on-one meetings. One-on-one meetings with 100+ connections including serial entrepreneurs, industry experts and investors.
- Exclusive Premiere Night
- Exclusive Premiere Night reception during which participating companies have the opportunity to pitch to an audience of entrepreneurs, mentors, investors and community members.
What to expect from the Northwestern Mutual Black Founder Accelerator® program?
- Team Meetings feature individualized coaching and mentorship from the gener8tor team and Northwestern Mutual.
- Executive Mentor Chats are one-on-one meetings with your paired mentor from Northwestern Mutual. Each mentor is paired with one startup in the Northwestern Mutual Black Founder Accelerator® for the duration of the 12-week program.
- Cohort Programming featuring topics relevant to startups including understanding market size, choosing a revenue model, and how to pitch investors.
- Mentor Swarms are speed-dating-style meetings with mentors including serial entrepreneurs, industry experts and investors. Are you a mentor who would like to get involved?
- Investor Swarm is an opportunity for each company to pitch to 80+ angel investors, VCs and corporate funds locally and nationally.
- Cohort Meals are an opportunity to strengthen your relationship with founders from other startups while sharing and gaining knowledge that could be beneficial to you as a leader.
- Program Wrap-Up provides each cohort the opportunity to celebrate their program completion with one another and program partners. Participants will have the opportunity to provide feedback and complete mandatory exit surveys.
- Premiere Night is a celebratory reception during which participating companies have the opportunity to pitch to an audience of entrepreneurs, mentors, investors and community members.
Criteria
- Companies must fit within the investment priorities of Northwestern Mutual Future Ventures: Fintech, Insurtech, Digital Health or Data Analytics.
- They accept applications from startups across the United States. Relocation is encouraged but not required.
- Northwestern Mutual Black Founder Accelerator Powered by gener8tor accepts companies from napkin stage through post-revenue.
- This program is hybrid, with most in-person events taking place in Milwaukee, Wisconsin.
For more information, visit gener8tor.