Long Beach Accelerator Summer 2022

Let's Grow Far Together

Long Beach, CA, USA

Application Closed

Early Bird Deadline

Application Deadline

02/27/2022

Judging Deadline

03/04/2022

Round 2

Application Deadline

02/28/2022

Judging Deadline

03/11/2022

Round 3 (Interviews)

Application Deadline

03/14/2022

Judging Deadline

03/25/2022

Description

This 14-week remote-first program is intended to achieve maximum acceleration for YOUR company, and to that end, it will be tailored to your company, industry, and growth stage/needs.
The Long Beach Accelerator has graduated 12 cohort companies, 25% of which have received acquisition offers, and collectively raised over $4.5M in capital and earned over $1M in revenue since February 2021.
Each month of the program startups will work on a specific component of the business with expert instructors, mentors and other resources.
Eligible for Sunstone LBA Hyper Growth Capital Program.
$75,000 to $100,000+ in capital funding in exchange for 7% equity.
Digital resource package worth approximately $500,000 and include services such as Amazon Web Services, Airtable, Stripe, Zoom, and many more.
Access to prime working space in Downtown Long Beach.
Underrepresented founders strongly encouraged to apply.

Eligibility

We are focused on industries and verticals where Long Beach has established sector ecosystems and expertise and the LBA can provide exceptional value. To that end, applicants that fall within a competitive industry or vertical (Logistics/Supply Chain, HealthTech, GreenTech, BlueTech, Aerospace, Cybersecurity, and EdTech) will be considered with higher priority. However, other industries and verticals will be considered on a case by case basis, as long as LBA feels there will be significant value added beyond the investment to the startup applicant.

To be considered your company must meet all the following requirements:

Market opportunity greater than $1BN
At least one founder is working on your startup full time
Unique defensible IP or a model that is able to build a moat are preferred
Status of product: at least ready to build beta, beta complete better
US Incorporated startups

Process

Deadline for Summer 2022 Applicants:

Early bird deadline is February 4, 2022.
Final deadline is February 27, 2022.
Applicants are notified of admission by April 1, 2022.
Applicants sign participant agreement with LBA and SAFE note for investment with Sunstone Management by May 13, 2022.
Applicant pays non-refundable program fees in full 14 days before start date
Cohort start date: June 13, 2022.