Velocity Accelerator
Overview
Velocity Accelerator is a 13-week program designed to assist early-stage technology startups in Alabama. The program offers participants $50,000 in seed capital upfront and the potential for additional grant funding upon completion. Founders are expected to commit full-time to their ventures and engage in all scheduled programming and training sessions. By participating, companies gain access to Innovation Depot's amenities and its extensive network of mentors. As a member of the Global Accelerator Network (GAN), Velocity Accelerator provides exclusive perks, including over $1 million worth of free services, introductions to a network of investors, and access to soft landing spaces worldwide. The accelerator is tailored for founders who are ready to dedicate themselves full-time to their startups, possess a minimum viable product (MVP) or a late-stage prototype, and are aiming to achieve product-market fit. The program's structure is industry-agnostic, focusing on various sectors within the technology landscape. Velocity Accelerator boasts an 88% survival rate for companies five years post-completion, reflecting its effectiveness in nurturing and scaling early-stage ventures. The program's comprehensive support system, combined with its strategic partnerships and resources, positions it as a pivotal entity in Alabama's entrepreneurial ecosystem, fostering innovation and economic growth within the region.
Investment Focus
- Full-time commitment
- Minimum viable product or late-stage prototype
- Focus on achieving product-market fit
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$19one-time payment · no subscription- All 54,000+ investors — VC firms, private equity, family offices and angels
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Frequently asked questions about Velocity Accelerator
What sectors does Velocity Accelerator invest in?
Velocity Accelerator invests in Software and Information Technology, and is based in Alabama, United States. Velocity Accelerator is listed as a accelerator in the ConnectSafely investor database.
What stage does Velocity Accelerator invest at?
Velocity Accelerator backs companies at Seed and Early Stage, writing cheques of 50K - 50K.
Which regions does Velocity Accelerator invest in?
Velocity Accelerator invests across United States.
Last updated · Source: ConnectSafely investor database
