Our Accelerator Programs
Propeller is proud to offer programs that help local entrepreneurs launch and grow their solutions to the most pressing issues facing our city. Our Accelerator offerings are designed to offer tailored support for each participant who goes through our program, from early-stage ideas to established social businesses looking to grow.
Propeller takes a two-fold approach to accelerating New Orleans social ventures. Our four sector-based Startup Accelerators focuses on ventures in food, water, health, and education currently in the idea, pilot, or development phase, offering them the support their need to acquire their first paying customers. Our Growth Accelerator offers support to ventures with proven track records of success that have reached a strategic point of growth. By offering separate programs for Startup and Growth ventures, Propeller can provide valuable resources that meet social entrepreneurs where they are in their specific stage of development. Our goal is to provide every venture who goes through our programs with support tailored to their industry, their stage of growth, and their individual goals to grow their business and increase their capacity to solve issues for New Orleanians.
Read on for more details about our Startup and Growth Accelerators.
2016 Startup Accelerator
Applications are now closed for Propeller’s 2016 Startup Accelerator.
Selected 2016 Ventures will be notified by August 22, 2016.
In fall of 2016, Propeller is thrilled to offer four concurrent Startup Accelerator programs focused on Water, Food Access, Health, and Educational Equity. Each sector-based accelerator is a three-month intensive program specially designed to support entrepreneurs from idea, to beta, to growth. One-on-one weekly mentorship, access to high-level networks and investors, pro bono technical support, and free office space, are just some of the benefits.
Program Dates: 9/9/16 – 12/15/16
Early Application Feedback Deadline: June 17, 2016, 11:59pm CST
Final Application Deadline: July 8, 2016, 11:59pm CST
2017 Growth Accelerator
Beyond the startup phase and looking to grow? Stay tuned for open applications for Propeller’s Growth Accelerator. In spring 2017, this three-month long program will help grow established and startup ventures with solutions to food, water, health, and education. During the program, participating ventures will be working towards scaling their impact, raising external investment (debt/equity), and increasing revenues, customers, and contracts.
This program is tailored to meet the needs of each of its participants. Based on your specific goals and priorities, Propeller’s seasoned Executive Mentors will work with you one-on-one to assist in the development and implementation of ambitious goals for the three-month program. Our goal is to accelerate your venture’s growth by connecting you with strategy experts, subject experts, high-level networks, investors and funders, and a like-minded community of successful entrepreneurs.
Full program overview coming soon.
WHAT WE LOOK FOR
Potential for significant social impact
The challenge is clear; your strategy is sound; scalability is possible. The solution must seek to reduce or eliminate disparities for at-risk or underserved communities and/or address a significant environmental water challenge.
We expect reasonable and validated market analysis that supports your business model. Ventures with earned revenue streams receive priority in selection.
Leadership & dedication
You have the vision to motivate, the experience to guide you, and the grit to get it done. You have demonstrated expertise in your sector, and you have the ability to engage with and serve at-risk or underserved communities. Applicants must devote a minimum of 20 hours per week towards their venture.
Join New Orleans’ hub for social entrepreneurship
Propeller offers deep sector expertise and connections to a community whose knowledge, passion, and dedication is moving the needle for underserved populations. We’re eager to connect you with our network of customers, advocates, and strategic partners. Read more about Propeller’s impact.
Work directly with seasoned, executive-level consultants, and mentors
Experienced mentors are committed to your venture’s growth and development. Lead Mentors serve as a valuable thought partner and strategic advisor and are often willing to contribute their networks to ensure your success. Each week, they devote two hours of time to each venture. This includes a one-hour in-person meeting and one-hour of general follow up.
Benefit from a robust network of resources to help you reach your goals
Network and strategize with our team of 30+ Executive Mentors like John Elstrott, Chairman of the Board of Whole Foods Market, Charles Rice, CEO of Entergy, Dr. Pat Quinlan, CEO of Ochsner Clinic and Ochsner International Services, and Karen Carter Peterson, Louisiana State Senator and Chairwoman of the Louisiana Democratic Party. Utilize support from contracted subject experts in high-need areas like financial modeling, legal advice, graphic design, marketing strategists, and PR specialists, as well as 180 pro bono professionals including PwC, Morgan Stanley, FSC Interactive, EMH Strategy, Baker Donelson, and more.
Enjoy free office space at our co-working facility
Collaborate with a community of 65+ like-minded companies, while benefiting from free access to desk space, WiFi, printing, mailing address, conference room meeting space, locker storage, and parking. See the space!
Receive increased visibility and attention from local and national thought leaders
Propeller and its Impact Ventures have received notable attention from The New York Times,TIME, WIRED, Fast Company, Los Angeles Times, Entrepreneur, Forbes, and many others. Read Propeller’s press.
WE ACHIEVE MEASURABLE RESULTS
- 100 ventures launched since 2011 through Propeller’s accelerator programs, including a local food hub, a health clinic, an education software company, and a company building floating islands to prevent coastal erosion.
- Over 250 full- and part-time jobs created, contributing to an expanded workforce in New Orleans.
- $60 million in external financing and revenue collectively generated by Propeller Ventures and Alumni.
- Over $100,000 in seed funding awarded to ventures through sector-based pitch competitions.
- Collaborated to pass and implement state policy for universal school lunch participation and Benefit Corporation legislation providing an alternate corporate entity for social ventures.
Our Alumni: Read about the missions of our graduated entrepreneurs.
Testimonials: Hear what graduates have to say about the program.
Our Impact: Learn how we’ve moved the needle on the city’s toughest challenges.
All the Details: Download a complete program overview.
“Hands down, Where Y’Art would not be where it is today without the support of the Propeller staff and it’s network of rockstar professionals . . . Our experience has been extraordinary and I would recommend any social entrepreneur starting a business to apply. I am inspired by their generosity and willingness to go beyond what is expected of them. I am proud to call them advisors, believers and friends.”
Co-Founder, Where Y'Art ('15)
- To read more or determine eligibility, download the program overview below.