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Impact Accelerator Program (Virtual)

Increase your venture's impact in 8 weeks from August 5 - September 27, 2024.

How to Participate

The final application deadline is July 15th, 2024.

If selected, the program cost is $1,999 per team with flexible payment options available.

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The Impact Accelerator program is eight weeks of expert training, quick-start tools, and personalized coaching to achieve tremendous leaps of growth in revenue growth and investment readiness in a short amount of time.

After the accelerator program, participants gain a lifetime of alumni benefits and special access, maintain connections with accomplished industry leaders and fellow entrepreneurs, and continue to receive personalized SEED SPOT support.

Key Accelerator Program Outcomes

Clarity

Focus on the right priorities.

  • Achieve a problem-solution fit
  • Refine your business model
  • Structure your vision and goals into an achievable strategic plan

Business Leadership

Build confidence through experience.

  • Master your financial projections
  • Build business skills that match your industry & product expertise
  • Become an expert storyteller who motivates and compels others

Traction

Leap forward in a short time period.

  • Dial in sales and optimize your efforts for revenue growth
  • Multiply and measure your social impact outcomes
  • Increase your venture fundability

Community

Get the support you need.

  • Gain a national network of mentors and fellow impact entrepreneurs
  • Receive guidance from SEED SPOT experts working alongside you
  • Meet potential partners, investors, and advisors

Alumni Outcomes

SEED SPOT alumni ventures have achieved extraordinary success over the past 10 years!

$399M

Revenue Generated

$196M

Funding Raised

9,719

Jobs Created

3,635

Of Ventures Served Founded by an Underrepresented Entrepreneur

HackBAC Ventures

HackBAC Ventures

HackBAC Ventures partners with schools to host a multi-day hackathon events designed to inspire young leaders of color to create social change through innovative ideas like inventions, technologies, or an entrepreneurial venture.

HackBAC met an early sponsor, Gateway Bank, at an Impact Accelerator pitch event called Venture Thursday!

Check for a Lump

Check for a Lump

Check for a Lump is an Arizona-based nonprofit, offering free education, mammograms, testing, and direct assistance to breast cancer patients including free wigs, support, and resources.

Impact Accelerator participant, Ashley Plum, gained clear goals and direction from the program.

Agriscaping

Agriscaping

Agriscaping's mission is to improve local food access & sustainability by transforming landscapes into elegant, edible food gardens easily managed with the help of online tools, education and professional support.

SEED SPOT’s programming supported Agriscaping’s founder, Justin Rohner, with legal support and launch of an assessment plan.

"We made a lot of progress during the program: significantly improved our narrative, identified additional revenue streams, connected with advisors and potential investors, and evolved our pitch. I learned a lot from the other participants, as well."

- Impact Accelerator Participant

Accelerator Program Details

WEEKLY AGENDA

  • Group training sessions on Mondays & Wednesdays 12:30-2:00 pm ET
  • Pitch coaching with mentors and investors
  • Tailored mentorship on your business
  • Office hours with industry experts
  • Independent assignments for business growth
  • Work 1:1 with dedicated mentors who believe in your mission
  • Personalized business coaching and support

TAKEAWAYS

  • Graduate with a polished 3-minute pitch deck
  • Build a competitor analysis to increase your understanding of the market
  • Leave with your first budget or update your existing budget following expert advice
  • Create an actionable sales funnel and strategy to acquire your first customer(s)
  • Walk away with long-term relationships with multiple mentors, industry leaders, and SEED SPOT alumni
  • Gain lifetime alumni benefits such as mentorship, funding resources, and legal support

FAQs

Does my business need to be currently earning revenue to participate?

It depends on your business; some ventures take years to earn revenue, even with thousands of users! You should have a working, sellable product or service by the time the program starts.

I'm a part-time entrepreneur. Can I participate?

Absolutely! There are times each Monday and Wednesday where you'll need to be live and present for our virtual sessions, so be sure your work schedule can accommodate those. You should also anticipate 10-15 hours outside of sessions per week to work on program assignments within your venture.

Will I receive funding during the program?

No, there is no funding directly associated with the Impact Accelerator. This program will help you earn more revenue and be a better candidate for venture funding. As an alumnus, you'll be qualified to apply for the annual Demo Day competition, with thousands of dollars in grants up for grabs.

Who will be assigned as my mentor?

During your onboarding you'll share your goals, working style, and mentor preferences with SEED SPOT. We'll use that information to match-make you with someone from our network.

Do you accept nonprofit ventures?

Yes! About 20% of participants are nonprofit ventures, and we have a tailored version of the curriculum for nonprofits.

Do I have to give venture equity to SEED SPOT to participate?

Nope, hold onto your equity! Rather than taking partial ownership in your company, SEED SPOT charges an up-front fee of $1,999 per team or venture. This fee can be divided into payment plans if helpful.

Let's talk about your venture!

Miranda green background

Connect with Miranda Williamson, SEED SPOT Director of Recruitment, to discuss the program's fit for your unique business needs!