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.
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.
This year’s program kicked off in June 2020. 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.
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
- Talent acquisition/recruiting services
- Access to the NC State Entrepreneurship Clinic space
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 5 years from graduation) from any NC State program.
The CEO of every team needs to commit to attending in person all the Accelerator Modules.
How to Apply
Applications for the 2021 cohort are now live! We recommend you review the application first and start gathering the information you’ll need. Once you’ve gathered all the info, come back and submit the finished application. If you have any questions, please email the Program Manager, email@example.com.Apply Now
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