Impact Accelerator

A 4-month program to grow or transform your business.

Propeller’s Impact Accelerator, sponsored by JPMorgan Chase AdvancingCities, Blue Cross and Blue Shield of Louisiana, Capital One Bank, Entergy Corporation, the Greater New Orleans Foundation, GNO, Inc., Hancock Whitney Bank, The RosaMary Foundation, Small Business Innovation Research, Thrive New Orleans, 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.

Applications for the 2022 Impact Accelerator are closed. Please complete our interest form if you would like us to contact you with more information about the 2023 Impact Accelerator.

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

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.

Focus Areas

Community Economic Development

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.

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Education

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.

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Food

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.

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Health

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.

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Water

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.

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