The Nex Cubed HBCU Founders Accelerator seeks to foster and invest in startups where at least one founder is an HBCU student, alum, or faculty member.
HBCU FOUNDERS ACCELERATOR
The HBCU Founders Accelerator is a customized 16-week intensive program, primarily conducted virtually. It commences with goal-setting discussions, the development of a work plan, and the identification of key performance indicators (KPIs) to track progress. Throughout the program, each portfolio company is provided with dedicated executive-level support from a paid advisor. With a cohort size of 8-10 startups, our accelerator seeks to create a collaborative environment to foster entrepreneurial success. We make an initial investment of $120,000 in each selected startup to help support their growth.
Meet the businesses of tomorrow, built by today's visionary HBCU founders.
FOUNDER FOCUSED ACCELERATOR MODEL
Striving to Position Companies for Success
Nex Cubed is very different from conventional accelerators in that we offer a remote, fully customized program for the select few startups we work with.
-
Lifetime support and access to the Nex Cubed ecosystem.
-
Connections to the Nex Cubed Global Network of highly successful mentors, professional investors, and a loyal and active startup alumni base.
-
Each portfolio company receives an initial cash investment and is eligible for a follow on investment.
-
Lifetime access and personal intros (where appropriate) to our investor network.
-
Over $1M worth of discounts and exclusive perks from software companies, service providers, and industry experts.
-
Access to office space in NYC, San Francisco, or San Diego as needed.
-
Dedicated (and paid) advisor providing hands-on executive-level support.
Paid expert advisors who are embedded with the startups for the duration of the program
-
Fully customized program based on founders’ priorities and the needs of the startup.
-
Access to liquidity opportunities via M&A pathways.
Access to enterprise and institutional capital ready at completion
-
The HBCU Founders Accelerator provides follow-on funding to help further the growth and impact of HBCU-led companies. Follow-on financing ranges from $100k to $500k with an average investment of approximately $250k.
PROGRAM DETAILS
Investing in HBCU Founders
The HBCU Founders Accelerator is a customized 16-week intensive program, primarily conducted virtually. It commences with goal-setting discussions, the development of a work plan, and the identification of key performance indicators (KPIs) to track progress. Throughout the program, each portfolio company is provided with dedicated executive-level support from a paid advisor.
With a cohort size of 8-10 startups, our accelerator creates a collaborative environment to foster entrepreneurial success. The program is scheduled to begin in September 2023, and participating startups will have the opportunity to present their progress and achievements at the in-person Showcase Pitch Event held in Silicon Valley, which is slated for winter 2024.
Cohort Size: 8-10 Startups
Initial Investment: $120,000
Application Deadline: June 2024
Start Date: July 2024
Program Length: 16 Weeks
Startup Showcase: Winter 2024
We work to invest everything we have in your success
WHAT WE DO
Business Planning
and Strategy
Go-to-Market Strategy and Execution
Strategic Staffing
Marketing and Branding
Business Development
& Fundraising Preparation
Product Commercialization
Leadership, Culture & Social Impact
Pricing & Monetization
FOUNDER FOCUSED ACCELERATOR MODEL
Global Accelerator Network Benefits
Nex Cubed is part of Morrow, a highly-curated community of the world’s most respected accelerators, organizations, and investors in support of the startup industry.
$1M+ Savings; Benefits
From cloud hosting credits to airline tickets to CRMs, you’ll probably find what you need.
Coworking Exchange
Connect with the Morrow community and work for free for up to two weeks at participating Morrow Accelerators across the world.
Investor Network
Connect with the investment arm of Morrow creating catalytic capital for seed-stage companies coming out of Morrow Accelerators.
DEDICATED ADVISORS
We have curated a distinguished team that are embedded with the accelerator companies to work with founders on a daily basis.
