Andrews Launch Accelerator

The Andrews Launch Accelerator helps NC State founders turn their visions into reality.

The NC State Acceleration Fund is the product of a $1,000,000 donation from Lyn and Chip Andrews. Through the fund, we allocate equity-free seed capital to startups that complete the Andrews Launch Accelerator.

The purpose of the Accelerator is to give NC State founders the opportunity to jumpstart their entrepreneurial journey. We provide founders with funding, resources, and guidance to take their startup to the next level.

During our 14-weeks summer program, NC State startup founders get to work on their concepts and build their companies. The program is structured with learning modules that steer companies in the right direction.

Each module covers key entrepreneurial topics such as customer discovery, product development and fundraising. The modules end with our Demo Day where companies get to pitch to the top investors in the Raleigh-Durham area.

Applications are officially open and the deadline to apply is Tuesday, March 26th at 11:59 p.m. – for more information, please email the Program Manager, Gabe Gonzalez.

Apply Here

Timeline

  • January 20 – March 26: Application Period
  • March 26: Application Deadline 
  • April 30: Finalist Interviews
  • May 1: Companies Notified
  • May 14: Accelerator Kickoff
  • August 20: Demo Day

Program Details

Funding

Startups can receive between $5,000 and $50,000 in equity-free grants. The amount awarded will be determined by the Accelerator committee on a case by case basis.

Program

This year’s program kicks off on May 14th, 2019. The meetings vary between dedicated team meetings, where subject matters experts decompose critical subjects and strategies that companies can leverage and one-on-one development sessions. Additionally, one per week, the Accelerator brings accomplished entrepreneurs and investors that will share their take on how our startups can achieve success.

Program Perks

In addition to non-dilutive capital, grant recipients may receive the following:

  • $10,000 in Amazon Web Services credits
  • $3,000 in Google Cloud credits
  • Pro bono legal services (corporate structure & documentation)
  • Pro bono accounting services (corporate accounting setup)
  • Access to banking relationships
  • Access to angel investment & venture capitalist networks
  • Mentorship
  • Talent acquisition/recruiting services
  • Access to the NC State Entrepreneurship Clinic space

Who Qualifies?

Any team with an NC State team member qualifies for funding and participation. At least one team member must be an NC State undergraduate (junior/senior) or graduate student, or a recent alumnus (up to 2 years from graduation) from any NC State program.

The CEO of every team needs to commit to attending in person all the Accelerator Modules.

Applications are officially open and the deadline to apply is Tuesday, March 26th at 11:59 p.m. – for more information, please email the Program Manager, Gabe Gonzalez.

Apply Here

Contact

Gabe Gonzalez
Program Manager
gegonza@ncsu.edu