Programs  / Accelerator Program

Entrepreneurship for All (EforAll) Accelerator

Click Here to Apply

 

The Opportunity

  • Build a strong sustainable business or non-profit
  • Work with personal Mentors to help take your idea to the next level
  • Network with investors, industry experts, and successful entrepreneurs
  • Access free co-working space 24/7
  • Learn from experts in business design, fundraising, and social media
  • Compete for $30,000 in cash prizes to launch your business
  • Receive 9 months of additional support after the accelerator ends

The Program

Entrepreneurship for All (EforAll) Finalists receive three months of incredible mentorship & weekly workshops, free office space, access to technical experts, and the opportunity to compete for $30,000 in cash prizes to launch your business.

Key Dates for the 2017 Winter Accelerator!

Deadline to Apply: Wednesday, November 2

Interview Dates: 11/11, 11/14, 11/15 (Semi-Finalists will be asked to attend a 30 minute interview on one of theses dates).

Program Orientation: Mon. 11/24, 2016 from 6:00 – 8:00 pm

Mentor Matching: Mon. 11/28 & Tue. 11/29 from 5:30 – 8:30 pm

Program Begins: Tue. 12/6 and meets every Tuesday and Thursday through February. 

The Commitment

  • At least 1 founding team member uses the Space regularly
  • Attend meeting(s) with fellow EforAll Finalists twice a week (Tuesdays from 5:30 – 8:30 pm in Lowell & Thursdays 11 am – 1pm in Lawrence)
  • Connect with Mentors on a weekly basis

What We Look For

Beginning a Business? The applicant has received no more than $25K outside funding and is just in a pilot stage or working with beta customers.

Just an idea? The applicant has done significant research that demonstrates their understanding of the target market and a way to reach them.

We look for applicants that are:

  • Able to commit to fully participate in the program;
  • Passionate about their idea or business – and their actions and results reflect this;
  • Invested in the business or non-profit become self-sustaining;
  • Desire to positively impact community and society. Impact comes in many ways, including generating income for one or more employees, addressing societal problems, improving the environment, etc.

In the past, the Entrepreneur for All (EforAll) Accelerator has had experts speak to our entrepreneurs including:

1.What is the Entrepreneurship for All (EforAll) Accelerator Program?
A 12 week program that gives entrepreneurs the opportunity to move their businesses forward. During the program, there are workshops, mentors, and an opportunity to share a $30K Prize Pool.

2.When is the next program?
The next program will be from December 2016 – March 2017. The application will go live in mid-September.

3.How are finalists chosen?
To determine the Semi-Finalists the applications are reviewed and scored by a group of successful entrepreneurs, CEOs, and for-profit and non-profit executives. To determine the Finalists staff and Mentors interview each candidate providing feedback to a leadership committee that determines the final selection.

4.Who is eligible to apply?
We are looking for early-stage entrepreneurs. This means individuals who are in the idea stage or who are just beginning their business or non-profit. Preferably applicants would not have raised/earned more than $20K.

5.Do you have to be from Lowell or Lawrence to participate?
No, you do not have to work/reside in the Lowell or Lawrence to participate.

6.Where will the Accelerator be held?
The Accelerator will be held at the EforAll space, Wannalancit Mills, 175 Cabot Street, Suite 100, Lowell MA.

7.What kind of ideas are you looking for?
We accept all types of business or non-profit ideas. There are no restrictions on the sector or size of your idea.

8.Do I need a business plan?
No, a business plan is not required.

9.What kinds of finalists have participated in the past?
Click here to see a list of past participants.

10.What is the time commitment?
We expect entrepreneurs to commit at least 10 hours a week.

11.How are entrepreneurs matched with mentors?
With a combination of matches determined by the EforAll staff and request from the entrepreneur.

12.Does my entire team need to participate?
No, but we do encourage team members to be a part of the Accelerator. In teams with multiple co-founders at least one co-founder must participate.