Prepare for rapid growth by leveraging powerful mentors.

IDEAx is an accelerator program for New Orleans-based founders focused on creating scalable and fundable businesses. Central to the program is a curated network of global business experts available to participating founders.

Applications for the 2018 IDEAx program will open in July 2017. Stay tuned! Fill out the IDEAx Interest Form here. Meet last year’s cohort here.

The Details

  • Perks of the Program

    In addition to critical business resources, IDEAx participants have exclusive access to the following:

    • Peer Learning: A 3-day bootcamp kicks off the IDEAx program, gathering the full cohort together with alumni who share with the new founders what they learned during their time in the program and how to best leverage the weeks ahead. There will be bi-weekly cohort dinners and happy hours throughout the program to provide participants the opportunity to share experiences and learn from each other.
    • Coaching: Each IDEAx founder will meet weekly with the program's dedicated Entrepreneur-in-Residence (EIR), who will help them hone in on key problem areas and action items for their business as well as navigate and prioritize The Idea Village's mentor network.
    • Mentorship: Central to the development of companies going through IDEAx is surrounding them with great mentors whose experience they can learn from. The mentor network is a curated group of the best local and national business experts committed to helping founders accelerate immediate and long-term growth.
    • Exposure: IDEAx culminates with a demo day – a showcase pitch to The Idea Village's network of mentors, investors, professionals, and media.
  • Eligibility

    In order to be eligible for IDEAx, your business must:

    • Be organized as a for-profit.
    • Be located in the 10-parish Greater New Orleans region (Jefferson, Orleans, Plaquemines, St. Bernard, St. Charles, St. James, St. John the Baptist, St. Tammany, Tangipahoa, and Washington).
    • Generate less than $1 million in annual revenue.
    • Have fewer than 5 full-time employees.

  • Selection Criteria

    The IDEAx selection process is meant to assess companies across a wide range of criteria. The goal is to identify founders of integrity and grit, with highly scalable ventures, who are committed to New Orleans. Areas of emphasis include:

    • Domain knowledge, past experiences, leadership history, and skills of the management team.
    • The potential business opportunity, including market size, potential to scale globally, barriers to entry, and competition.
    • Existing product-market fit and traction, timeline and hurdles to a market-ready product.
    • Go-to-market strategy.
    • Viability, reality, and defensibility of the Business Model.
    • Founder dedicated to making New Orleans a better place.
  • Selection Process

    After candidates submit an application, our team will follow a standard review process that takes between 2-4 weeks to complete, with initial interviews occurring on a rolling basis beginning in August.

    First Round Interview: Applicants aligned with IDEAx eligibility will be invited in for an initial interview to discuss their business, background, and goals, if The Idea Village team feels a first interview is necessary.

    Due Diligence: The Idea Village will do a little digging, following up with the applicant’s references, testing assumptions, etc.

    Selection Day: Select candidates will be invited back to interview with a committee who will assess their character, business, and fit for the program.

    Selection: Strategic committee chairs will work with The Idea Village team and the dedicated IDEAx Entrepreneur-in-Residence to select up to 15 founders to join the program. All applicants will be notified of their selection in September.

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