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Launchary Tech Accelerator
Published on Nov 18, 2015
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Launchary Tech Accelerator
Technopreneurs serving other minority and underserved Technopreneurs
MISSION: To improve access to mentoring, education, networking and engineering support required to build successful technology start-up companies with an emphasis on women-owned, minority-owned and other under-served and aspiring entrepreneurs.
VISION: To improve lives through technology entrepreneurship as a way to strengthen and enrich the social and economic futures of our diverse under-served community.
seyed mostafa zamani
Minority-owned, woman-owned & underserved communities
Provide engineering resources through talent augmentation & technical education, boot camps, access to maker-space
B2B Startups, Social Impact, and Multi-Cultural Community solutions
Leonard John Matthews
Small Class (Up-to-5 under-represented & underserved innovative companies)
Mentorship-Driven (20-40 mentors)
Development Resources (Cohorts receives in-kind engineering investment between [$25K to $100K])
Favorable Terms to Entrepreneurs (usually 6-10% small equity stake)
Short-Term (36 months long program)
Assess - We seek top-notch, passionate minority entrepreneurs. Find a fit, understand end-goals & create custom proposal on how to move forward.
Build - Agile & Lean Software Development process via SCRUM.
Launch - Provide additional resources for continued support of the product.
Exit - Ensure the next phase of success.
Uses of Prize Money
Conduct a 5-team cohort starting in Q2 2016
Pay for office rent, amenities, training events & engineering resources
Hire a Dedicated Program Manager
Planning and Funding Phases
Phase I - Set cohort program infrastructure (office space, program definition specifics/mechanics, set schedule, recruit mentors, investors, VCs & service providers)
Phase II - Raise additional funding (4-1 match)
Accelerator Model Phases
Phase III - Receive Applications & Recruit cohorts
Phase IV - Cohort program begins (3 to 6 mos)
Phase V - Demo Day
Phase VI - Follow-through action plans & execution
Team - passionate and industry knowledge
Diversity - actively engage women, minority & underserved technopreneurs
GSD (Get Stuff Done) - lean mindset, teachable & action oriented
Huge Target Market - Great team taking on a huge market (over $1B)
Funding Goals / Metrics
4-to-1 from various federal, state, county & city economic development - 25%
Kickstarter Campaign - 25%
Non-profits that supports economic development - 25%
Private donations and local business support - 25%
Reached specific goals set by each cohort
Built Key Relationships for cohorts
Secure follow-up funding for cohorts
ROI for Stakeholders (successful exit, viable new ventures, ROI for investors)
Open Access for All - remove barriers of entry for the most poverty & underserved communities
That's all folks!