Deadline: 9-Aug-21
The Northwestern Mutual is inviting applications for its Accelerator Program to support Black entrepreneurs.
Benefits
- Black founders receive less than one percent of venture capital funding annually and Northwestern Mutual and gener8tor are committed to investing in and supporting Black entrepreneurs to help close this funding gap and advance their companies and our communities.
- $100,000 investment directly into your current round (if raising) or uncapped convertible note (if not currently raising).
- Office space within Northwestern Mutual’s Cream City Labs.
- Twelve weeks of individualized coaching and mentorship from the gener8tor team during bi-weekly, one-on-one meetings.
- One-on-one meetings with 100+ mentors including serial entrepreneurs, industry experts and investors.
- Weekly cohort programming featuring topics including understanding market size, choosing a revenue model, and how to pitch investors.
- Exclusive Premiere Night reception during which participating companies have the opportunity to pitch to an audience of entrepreneurs, mentors, investors and community members.
- Opportunity to build relationships within the cohort of five companies, and the community of gener8tor alumni.
- $1M + in deals and perks from vendors like IBM Cloud, Rackspace, Amazon, PayPal, Zendesk and Microsoft.
Investment Areas
The investment priorities for Northwestern Mutual Black Founder Accelerator, Powered by gener8tor are aligned with Northwestern Mutual Future Venture’s key strategic areas of focus:
- Building for consumers’ changing financial preferences
- Re-imagining the client experience
- The digital health revolution, and
- Transformational analytics and technologies
Eligibility Criteria
A company with respect to which:
- one or more individuals with the title of “Founder”, “Co-Founder” or “CEO” identifies as Black or African American;
- at least twenty percent (20%) of the equity ownership interests are held by one more or more individuals who identify as Black or African American; and
- such individuals have a significant role in the decision-making process.
- Companies must also fit within the investment priorities of Northwestern Mutual Future Ventures:
- Building for consumers’ changing financial preferences
- Reimagining the client experience
- The digital health revolution, and
- Transformational analytics and technologies
For more information, visit https://gener8torblackfounderaccelerator.com/