Propeller’s Impact Accelerator, sponsored by Advancing Cities, Blue Cross Blue Shield of Louisiana, Capital One Bank, Entergy Corporation, the Greater New Orleans Foundation, Hancock Whitney Bank, The RosaMary Foundation, Thrive New Orleans, US Department of Agriculture, US Small Business Administration, the Weishaupt Foundation, and the W.K. Kellogg Foundation is an interactive 4-month accelerator program that provides entrepreneurs with coaching, community building, curriculum, and technical assistance.
Our program enables entrepreneurs to build ventures that are grounded in financial viability, social impact, racial equity, and a demonstrated commitment to the prosperity of our city and region.
For additional information, view our Program Overview.
Program Dates: July 23 - November 15
Priority Application Deadline: May 15, 2022
Final Application Deadline: June 12
Applicant Info Session Q&A #1: April 14
Applicant Info Session Q&A #2: May 12 | Register
Propeller Entrepreneur Profile:
We support entrepreneurs, centering those who are Black, native New Orleanians, who view their businesses as a catalyst for positive change and those who advance anti-racism initiatives. As a member of the Propeller community, our entrepreneurs are encouraged to work collaboratively with persistence, resourcefulness, and a commitment to equity. This may be demonstrated by those who:
- Possess a willingness to grow, reflect, and learn.
- Approach problem solving with effort and curiosity.
- Set ambitious yet feasible goals and take initiative to follow through on progress towards those goals.
- Communicate barriers and demonstrate vulnerability in facing the challenges and realities of entrepreneurship.
- Work in collaboration with fellow entrepreneurs and Propeller staff towards fostering a stronger, more equitable entrepreneurial ecosystem in New Orleans.
- Commit to the incorporation of the values of racial equity within their business operations, while centering the wellbeing of Black, native New Orleanians in particular.
In community economic development, Propeller’s Impact Accelerator supports entrepreneurs working in three main areas:
- Black entrepreneurs growing brick-and-mortar businesses that create jobs and build community along the North/South Broad Street corridor, New Orleans East, and Central City.
- BIPOC-led real estate developers providing affordable housing in rapidly gentrifying New Orlean neighborhoods.
- BIPOC-led organizations working to create an equitable operating environment for BIPOC entrepreneurs.
In education, Propeller’s Impact Accelerator supports entrepreneurs working in three main areas:
- Early childhood education
- Expanded pathways to vocational education and job skill development for New Orleanians
- Development of equitable, culturally-relevant practices and policies to local education systems and skill development opportunities.
In food, Propeller’s Impact Accelerator focuses on supporting entrepreneurs who have an existing consumer packaged good (CPG) brand, or whose food service businesses are pivoting to produce consumer packaged goods and other local food products, with an emphasis on sustainable, healthy, and affordable products made with locally-sourced ingredients. Propeller will prioritize innovative ideas that will build a more equitable, just and sustainable food system.
In health, Propeller’s Impact Accelerator focuses on supporting entrepreneurs providing direct health and wellness services, including clinical care, and services that address the social and physical determinants of health. Propeller will prioritize entrepreneurs working to serve a BIPOC client base.
In water, Propeller’s Impact Accelerator focuses on supporting entrepreneurs working in main areas:
- Urban water management
- Coastal environments
- Urban water economy
Propeller will give priority to ventures strengthening the local water economy to increase how the industry represents and includes BIPOC individuals.