Skip links

IV ACCELERATOR

Overview

The Impact Venture’s Accelerator program is an 8-week 100% virtual program designed to train and equip underrepresented entrepreneurs, putting them on a fast track to traction and funding  within their startup or small business. The program is structured to fit the full-time founder or the part-time “intra-preneur”, offering a flexible part-time in-person and online schedule, while maintaining quality education, community, and access to high-level mentorship and professional networks.

Our rigorous training and development program is designed to remove barriers and close equity gaps in access to:

  1. Knowledge Capital – Intangible assets like education, training, intelligence, technical and soft skills
  2. Social Capital – High quality social and professional networks in the form of mentorship, advisory board development, and professional references
  3. Financial Capital – Access to non-extractive integrated capital sources

Program Components

Our uniquely designed programs offers tailored support to fit diverse founders at the early stages of their company. During Orientation, the IV Accelerator cohort will be split up into the “Launch Track” (Idea to Launch) or “Startup Track” (MVP to PMF). The “Startup Track” focuses earlier stage Founders and teams on founder development, business model validation, customer discovery, and go-to-market, while the “Startup Track” focuses on Founders and teams with a live product or service looking to increase revenue and access capital.

Launch Track: Founders participate in peer-to-peer accountability groups, mentor week feedback sessions, weekly online learning modules focused on business fundamentals and weekly deliverable through in-market sprints, and go-to-market planning.

Startup Track: Founders participate in peer-to-peer accountability groups, assigned a lead mentor and access to network of mentors, coaches, and service providers, group pitch sessions, weekly online learning modules focused on sales, customer acquisition, team building, and fundraising, along with weekly deliverable through in-market sprints, and milestone planning.

Program Eligibility

Launch Track Requirements:

  • Women, Person of Color, LGBTQ, Veteran, or Social Enterprise
  • Startup must be a for-profit enterprise will accept B-Corp or non-profit revenue generating model (social enterprise)
  • Startup must be growth oriented: Consumer products or goods, Tech or Tech-enabled (Preferably B2B Model)
  • Stage: Founder, Co-founder Preferred
  • Product: Pre-launch, Prototype, Pre-MVP, or Private Beta
  • Traction: Pre-Revenue / User
  • Looking for Flexible Debt or Equity Capital
  • Less than 5 years old

Startup Track Requirements:

  • Women, Person of Color, LGBTQ, Veteran, or Social Enterprise
  • Startup must be a for-profit enterprise
  • Startup must be growth oriented: Consumer products or goods, Tech or Tech-enabled (Preferably B2B Model)
  • Stage: Co-founder or Team Preferred
  • Product: In Market or Private Beta w/product,
  • Traction: Preferably $50K+ ARR
  • Looking for Flexible Debt or Equity Capital
  • Less than 5 years old

Program Benefits

Program Benefits:

Dedicated Mentors: Our program’s curriculum is led by experienced executives who have demonstrated significant entrepreneurial success and leadership, business acumen, and are committed to accelerating the impact and financial sustainability of underserved entrepreneurs in North Texas. Our Lead Mentors commit 3-5 hours per week to the growth and development of participating ventures, including one hour of weekly face-to-face meetings per venture and one hour of virtual follow-up via our technology platform. Through a collaborative process, Lead Mentors assist Startup Ventures in developing individualized road maps using proven startup assessment tools and assist in achieving significant milestones and goals.

Dedicated Venture Associates: Startup Ventures receive access from local university partners to Pre-MBA/MBA students ready to assist with projects on an as-needed basis. Tailored support is offered within the areas of marketing, law, accounting, bookkeeping, financial modeling, and more.

Pro Bono Professionals/Corporate Partners: Startup Ventures receive access from a robust network of professionals, ready to assist through our corporate hacks. Tailored support is offered within the 5 curriculum competencies of founder development, customer development, product development, company development, and traction.

SME Mentor Office Hours: Startup Ventures expand their networks with weekly opportunities to meet with 50+ influencers, executives, investors, technical specialist, and business leaders.

Use of the Impact Ventures Office Space HQ at GoodWork: Startup Ventures have free membership at Impact Ventures Office Suite at GoodWork throughout the 3-month Accelerator. Membership includes use of our co-working desks, WiFi, printing, a mailing address, conference room meeting space, and parking. GoodWork is located at 1808 S. Good Latimer Expy, Dallas, TX 75226.

Peer Evaluation/Learning: An important component of the program is building a support network of like-minded entrepreneurs. Startup Ventures learn from one another, find solutions, and share challenges, resources, and successes. Startup ventures participate in weekly networking events, investor dinners, hack sessions, online webinars, and more.

The Impact Program Staff: We are an experienced team of startup consultants and investment professionals here to ensure your success by making timely connections with potential clients, investors, procurement officers, policymakers, government officials, and mentors.

Increased Visibility: Impact Ventures helps increase Startup Ventures’ visibility through special events, cohort roadshow to SXSW, media referrals, featured articles in publications, as well as our Website/Medium Blog, and Podcast.

Startup Perks: Through our partnerships we provide over $100k worth of support services, perks, and discounts through out perk network.

Key Dates

TBD – Fall, 2020
Applications Open

September 19th @ 5:00pm
Program Applications Close

September 26th, 2020
Cohort Participants Announced

October 3rd, 2020
Accelerator Kickoff Retreat

October 5th, 2020
Accelerator Program Begins

November 28th, 2020
Accelerator Program Ends

December 5th, 2020
Accelerator Showcase / Demo Day

Apply

Check back to apply for the next cohort.

Applications to join Impact Ventures Spring 2020 Accelerator Cohort are open. Applications are due November 29th by 5pm. Please see the Key Dates section that outlines our application timeline and the activities leading up to selection date. Also, please note that all info shared is subject to change as we are still procuring additional resources to support our fellows.


Apply for Impact Ventures Spring 2020 Accelerator Cohort

Apply

Subscribe

Stay up to date with news, events, and exclusive stories.

Apply as a Startup

Our Accelerator Programs equips underrepresented founders with the coaching, curriculum, capital, connections, and community to scale your startup.

Get Involved

Join our network of mentors, partners, and investors that help fuel our mission to accelerate and invest in all shades of genius.