Long Beach Accelerator Summer 2023

Let's Grow Far Together

Application Closed

Round 1

Round 2

Round 3

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 29 cohort companies in 4 cohorts, 5 of which have received acquisition offers, and collectively raised over $17M in capital and earned over $4M 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.
$150,000 in capital funding in exchange for 7% equity--increased for Cohort 6 and beyond from $100K previously!
Digital resource package worth approximately $500,000, includes 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 2023 Applicants:

Early bird deadline is February 15, 2023.
Final deadline is March 5, 2023.
Applicants are notified of admission by April 2023.
Applicants sign participant agreement with LBA and SAFE note for investment with Sunstone Management by May 17, 2023.
Applicant pays non-refundable program fees in full 14 days before start date
Cohort start date: June 2023.

What an Applicant can Obtain

The Long Beach Accelerator has graduated 29 companies, five of which have received acquisition offers. The 8 companies of Cohort 5 are now in session. LBA companies have raised $17M+ and earned over $4M in revenue.

Thinking of applying? Hear what our alum have to say about it!
"Do it! The LBA is a top-tier program, and the small community and close attention you get are parallel to none. Sunstone is also an amazing investment partner for your business."

"The Long Beach Accelerator is the real deal. If you’re looking for feedback and guidance to help propel your business forward, this is it. Bring an open mind and a willingness to learn, and be prepared to hit the ground running. The icing on the cake…the connection among a cohort of like minded entrepreneurs."

"Do it! The people you meet at LBA are experienced, intelligent, and genuinely invested in helping you grow and succeed. You will get access and support in helpful and deliberate way while exposing you to assistance you may not have even known you needed!"