Alchemist Accelerator

Amount:

$25,000.00

Type:

Accelerator, Investment

Description:

The Alchemist Accelerator is a venture-backed initiative focused on accelerating the development of early-stage ventures that monetize from enterprises.
It’s a 6 month long program that typically offers $25k in funding to 25 teams per class. The average ask is 5.0% of equity, but we’re willing to adjust the economics for later stage companies.

Comments on Funding:

Funding is $25k and the average ask is 5.0% of equity, but they’re willing to adjust the economics for later stage companies.
Exclusive credits and discounts from trusted Alchemist partners, including for cloud computing, legal fees, marketing, and other services. The aggregate value of these perks is more than $450,000. The average value of perks used by most Alchemist companies is $175,000.

Deadline:

May 3, 2024

Eligibility:

Applicants must:
1. be early-stage ventures;
2. be companies that monetize from enterprises, regardless of business model;
3. be founders building their companies in the way that works for them;
4. be a team with one or two technical co-founders, and one business-side co-founder with the ability to convey a vision to customers, investors, and employees.

Application Steps:

Applicants must apply online.

Documentation Needed:

Applicants must provide a completed application form, and other information as requested.

Other Things to Note:

Alchemist founders have some of the following additional program elements especially valuable:
1. An optional small cash investment on founder-friendly terms in the form most appropriate for your company (often a SAFE). We offset the program’s required “tuition” fee with additional investment capital. The average investment proceeds to your company are $25,000 (net of the provided tuition fee offset).
2. Exclusive credits and discounts from trusted Alchemist partners, including for cloud computing, legal fees, marketing, and other services. The aggregate value of these perks is more than $450,000. The average value of perks used by most Alchemist companies is $175,000.
3. Permanent access to Alchemist’s exclusive network of mentors, investors, customers, and alumni.
4. Co-working space is available in San Francisco and Mountain View, CA, and Memphis, TN. 5. Next application deadline: December 29, 2023.

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

Business Audience Grants in Canada: Opportunities for Underrepresented Founders

Business Activity Grants in Canada: Powering Expansion for Entrepreneurs

Industry Grants in Canada: Funding to Drive Expansion in Your Sector

The Ultimate Checklist: How To Start A Taxi Business In BC

Wheels of Fortune: How To Start A Food Truck Business In BC

Calgary Business Permit: Your Fast-Track Guide to Starting Up

4 Steps to Obtain Your Calgary Business License

Cooking Up Success: How To Start A Food Business In Calgary

Hauling Success: How To Start A Logging Truck Business Calgary

Demystifying the Process: How to Start a Sole Proprietorship in Alberta