Accelerator FAQs

Frequently Asked Questions

Can I apply to the Accelerator if I do not have a team?

Yes, we love solo-founders. For founders that are developing their startups individually, we will help them build the right team from scratch.

Can my company participate in the Accelerator if we already have funding?

Absolutely! We will consider any company that demonstrates that the guidance from our program, network, and funding will move the needle for their startup.

Can I apply to the Accelerator if I am an immigrant founder?

Definitely. Although we do not provide immigration help, we do connect immigrant founders to the right resources that allow them to determine a path to stay in the U.S. and launch their startup.

How does the Program choose to allocate the capital to each startup?

We allocate funding to each startup based on the use of funds statement the startup presents in its pitch to the selection committee. Based on that, the committee makes a case by case assessment of the amount of funding that makes sense for each company.

What kinds of industries do you consider?

The only requirement is that the company can achieve scale. We do have a bias towards industries where $5-50k in funding can create an impact on the company. For example, Software, IoT, ECommerce, Consumer Products, and Life Sciences. If you have a company in a different industry, please still apply and we’ll chat about a potential fit. You can always reach out to Gabe with any questions.

Do you consider social entrepreneurs for the program?

Of course! We love socially oriented ventures that are creating a major impact and have a business model that addresses a triple bottom line.

Does the whole team have to attend the Accelerator Modules?

No, we only require the CEO of each company to be present at each of the modules. However, the capacity for the whole team to be present in the modules for the whole summer may increase the odds of getting selected.

What kinds of startups do you accept for the program?

We accept any kind of high-growth startup. This means that any company that is pursuing scalable business that can achieve a meaningful impact on its target demographic.

For example, we wouldn’t be able to help a pizza shop because we consider it a small business, not a startup. However, a high-growth startup would be the company selling the software to manage the timely production of pizza for many shops across the country or a company that is producing the sauces that these shops utilize.

If you have questions that have not been answered, do not hesitate in reaching out to Gabe (gegonzal@ncsu.edu).