THESIS ↓
HOW COMPANIES RECEIVE INVESTMENT
To receive investment, all companies must be alumni of The Idea Village’s VILLAGEx accelerator program AND will have to meet the fund’s criteria for investment. This includes raising 4x the allocation of the fund from outside sources and receiving approval from the Momentum Fund’s investment board (see below).
Beginning with the 2024 cohort, a $100,000 investment opportunity at market terms will be made available to any company who graduates from the VILLAGEx accelerator program and meets fund requirements within 18 months of graduation. An exceptional $250,000 investment opportunity will be made available to the winner of the annual IDEApitch competition during New Orleans Entrepreneur Week each year, according to similar criteria. All companies must agree to investment terms and meet further requirements as indicated below.
The Momentum Fund intends to make investments at “market terms” (including valuation, and investment structure) as set by third-party private capital investing in a company’s open round following program completion.