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VILLAGEx

VILLAGEx identifies emerging, for-profit ventures with the following attributes:

+ A new or unproven business model with the potential to revolutionize how business is conducted in a particular industry.

+ Leverages new technology to improve a business process or bring a new product to market, or

+ Serves a new or niche market in an innovative way

 

BY THE NUMBERS

 

261

STARTUPS

have graduated from our accelerator programs

$240M

IN TOTAL CAPITAL

raised by Idea Village accelerator entrepreneurs

$252M

IN annual revenue

in the last fiscal year

 

After The Idea Village’s accelerator program, our company was unrecognizable to its former self. The program helped us lay out goals and compose a tactical plan to achieve them. We’re a mature business post-program, with a clear understanding of our vision, mission and values.
Scott Wolfe, Founder, Levelset
 
 

SELECTION CRITERIA

Prior to acceptance into the program, we are looking for companies who have already achieved a minimum of one of the following:

  • Built an innovative and functional product.

  • Developed a strong and fully committed team with demonstrated knowledge of their product market, as well as overall well-rounded skills and experiences.

  • Demonstrated market traction through sales, users, a customer pipeline or previous capital raised.

We seek extreme strength in at least one area prior to entering the program and we will work with companies over the course of the accelerator to successfully fill in the gaps in other areas.

It’s not just about your business. We seek out founders that align with our core values: who have a willingness to take criticism and learn from mistakes, to work with their peers, and to dedicate themselves and their company to New Orleans.

Think you’re ready?

Our upcoming 16-week program will run from January 6 - April 28, 2020.

APPLICATIONS FOR VILLAGEx 2020 ARE NOW OPEN UNTIL OCTOBER 25TH 2019.


 
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“The Idea Village really has your success at heart.

They help you in a variety of things ranging from building a business plan, to thinking about important things that you may not have thought about for your business, to networking opportunities with investors. They're very supportive and always have an answer to any question you might have in terms of pushing your business / entrepreneurial journey forward.”

- Vignesh Krishnan, Founder, Samplechain

VILLAGEx 2018-2019

 
 

ACCELERATOR BENEFITS

 
 

+ MENTORSHIP

We believe in sustained mentoring and that these long term relationships provide founders with the lasting support they need to be successful.

+ OFFICE HOURS

The Idea Village mobilizes dedicated coaches, mentors and advisors through structured office hours throughout the program to provide mentorship. We leverage our network and expertise to provide companies the opportunities to connect with the resources to avoid potentially costly mistakes, develop and hone their business models, rapidly scale operations, develop their product, and secure their market.

+ ADVISORY HOURS

Advisory boards will consist of 3-4 mentors/advisors who will meet monthly with 3-4 companies for 60-minute board like presentations. Advisory board members provide general business expertise, milestone accountability and track progress throughout the program.

+ INVESTORS IN RESIDENCE (IIR)

The majority of IIR involvement occurs during the back-half of the program to assist companies in becoming “capital ready.” This means working with founders on aspects such as:

  • Assist founders in deck creation and preparation for investor pitches
  • Leading pitch groups, including facilitating pitch rehearsal and giving feedback to both individual companies and small groups
  • Helping founders identify what investors would be most successful for their venture, and making those introductions when needed
  • Facilitating cohort training/workshops on topics such as term sheet creation, due diligence processes, data room organization, and valuation

+ ENTREPRENEURS IN RESIDENCE (EIR)

The Mentorship program is “quarterbacked” by our remarkable EIR’S. EIR’s are current and former founders and operators who are looking to translate their success into helping others. EIRs lead in selection, program development, and catalyze resources for the companies. We strive to maintain a 4:1 company to EIR ratio in our program to maximize one-on-one engagement. EIRs continue to work with founders post-program to provide support throughout the capital raising process.

+ DIRECT RESOURCES

In addition to mentorship, participants have access to direct resources such as basic legal services, proforma development, accounting services, pitch preparation, and graphic design support at special discounted rates.

Through our partnership with GAN we offer access to over $1M in ‘perks’ that include meaningful discounts and free services for a range of digital and physical products that startups can maximize to their benefit.

+ PEER CONNECTIONS

We believe that some of the most valuable long term connections an entrepreneur can make is with other entrepreneurs facing similar challenges at a similar stage. We work to build these peer-to-peer connections throughout the program as well as between current participants and our extensive alumni network. As a cohort we celebrate wins, big or small, together.

+ VILLAGE NETWORKING

Periodically throughout the program accelerator participants are invited to exclusive networking events hosted by The Idea Village. These events are attended by alumni, Board Members, investors, and industry professionals and provide opportunities for accelerator companies to connect with our Village.

+ BUILDING AN INVESTABLE BUSINESS

The initial phase of our program focuses on building an underlying investable business. We believe that strong business fundamentals are the heartbeat to success, and focusing on fundraising before you have something to fundraise for is a recipe for wheel spinning and frustration. Initially we help you focus on driving product, team and traction (and wrapping them in a highly profitable business model) so that when you start to tell your story, you have the right story to tell.

+ FUNDRAISING SUPPORT

Raising capital is critical for any early stage, growth-oriented business. Our program is ideal for businesses that have already raised some ‘seed’ stage capital and are looking to leverage that traction into hitting operational milestones and setting up a larger ‘series A’ level raise. While we don’t guarantee fundraising outcomes, we do try to provide the best possible resources and guidance to set each business we work with up for success in continued fundraising.

+ PITCH DEVELOPMENT AND PRACTICE

Once you have the right story, a great pitch will help you sell it. We train entrepreneurs to hone the essence of their pitch to build a compelling narrative and provide additional resources to companies to support their fundraising efforts through the last 30-45 days of the program. This is where cohort companies begin their work with our Investors in Residence.

+ DEMO DAY

Our accelerator program culminates in a company showcase called Demo Day, where founders are given the opportunity to demonstrate their company growth to date and potential for future success. Demo Day is attended by investors as well as members of our community looking to support local startups. It is where New Orleans takes another step towards (an exceptional) future.

SOUNDS LIKE THE RIGHT FIT FOR YOU?

Our upcoming 16-week program will run from January 6 - April 28, 2020.

APPLICATIONS FOR VILLAGEx 2020 ARE NOW OPEN UNTIL OCTOBER 25TH, 2019.

STILL HAVE QUESTIONS? Check out our FAQs.