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