Deadline: March 11, 2017
VP Hub’s accelerator program is a pro-founder series of coordinated activities and interventions designed to support startups at the MVP stage with mentorship, business re-engineering, work space, living space, back office support, shared services and seed funding. The goal is to ensure that by the end of the 3 to 4-month program, our accepted startups will have attained product/market fit, gained traction (revenue, partnerships, and commitments) and will be ready for early stage investors that they will meet during the program and at the Demo-Day event, that ends the program.
Our selection committee is made up of successful entrepreneurs, investors, and industry leaders who graciously dedicate their time and resources to mentoring the accelerator cohorts. They assess candidates based on but not limited to the following criteria, as well as others:
Passion | Ingenuity | Stick-to-it-iveness | Market Viability | Capacity to execute
TERMS, BENEFITS & PROGRAM STRUCTURE
We provide selected startups with seed funding of $20,000 in exchange for 10% equity. Of the total amount, $15,000 is a direct cash receivable over the course of the program, while $5,000 will be in essential services tailored to fast track the growth of each business. Startups are expected to work from Ventures Platform Hub during the 12- 16 weeks of the program and on campus accommodation will be provided for a maximum of two team members per startup on a need basis. Each startup, will be provided with business advisory, business development, strategy mapping, mentor/advisor support, back office, shared services and work space.
The accelerator program starts with an Intro day where every startup makes their first pitch and shares their expectations with the VP community of Mentors, partners, and ends in a Demo day where they pitch their final product to an audience of Investors. In between is a series of assessments, boot camps, office hours with both the VP incubation team and mentors, health checks and practice pitch sessions. We also host dinners with prominent mentors, where they get to share their experiences and engage with the startups. Also included are movie nights and even house parties. We know that Starting a startup is hard and lonely, we hope to make it easier and lively.