Accelerate is a ten-week program open to community members and OSU researchers, students and staff who intend to establish a privately held, high-growth entrepreneurial venture. This stage focuses on developing a minimal viable product and engaging in customer discovery to validate your product market fit.
The program meets every week for ten weeks alternating between workshops and seminars. Through the scheduled program events, one-on-one sessions with the directors, meetings with mentors, and access to intern assistance on projects, startups teams will receive the support they need to get their concept into the marketplace.
Accelerate runs three times a year (fall, winter, and spring). The Spring 2018 Cohort of Accelerate began mid-April. The application for the Fall cohort will open in summer.
Through OSU's I-corp grant, the Accelerator has potential funds to distribute to select Accelerate teams for attending trade shows to accessing customers and/or prototype development.
Royalty: 2 & 1/2% of sales. This is payable when annual sales reach $200,000. Lifetime cap on payments is $100,000.