Deadline: 15 October 2024
The Alphalab is inviting applications for its Accelerator Program to empower entrepreneurs to level-up their businesses.
Program Overview
- Months one to three
- In the first half of their program, they lay the groundwork to achieve your goals.
- Receive the first half ($50,000) of your investment
- Introduction to their team
- Set goals and create a plan to achieve them
- Receive discounted tools and curated resources from the AlphaLab Toolbench
- Introductions to their network of alumni
- Review Product
- Deliver customer acquisition plan
- Months four to six
- In the second half of their program, they shift to leveraging what you built in Q1.
- Leverage newly acquired tools from AlphaLab Toolbench
- Prepare for fundraising
- Vetted one-pager and investor presentation
- Introductions to investors and mentors
- Customized financial model
- Portfolio Showcase
- Ongoing Support
- They have a variety of ways to support you after AlphaLab ends.
- Up to $800,000 in follow-on investment from the Innovation Works seed fund
- Continued access to their office space
- Invitations to portfolio programming and events
Investment and Support
- AlphaLab will invest up to $100,000 in the form of a convertible note in addition to receiving 2% common stock equity from participating companies. Qualifying alumni companies have the opportunity to raise additional capital from the Innovation Works Seed Fund after graduating from the accelerator.
- Companies leave AlphaLab with a clear plan to reach their next stage of growth and receive ongoing support in a variety of ways.
Eligibility Criteria
- Looking for companies:
- in Machine Learning (ML), Mobile, SaaS, Enterprise Software, B2B eCommerce, Blockchain, EdTech, FinTech, Digital Health, SportsTech, Web 3.0, AI Infrastructure
- located in Chicago (United States), Cleveland (United States), Columbus (United States), New York City (United States), Pittsburgh (United States)
- incorporated or not
- prototype, users or paying users stage
- Pre-seed
- have raised funding or not
- currently raising or not raising funds
- have revenue or not
For more information, visit AlphaLab.
