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Accelerator Program for Startups

by opportunitydiary

Application Deadline: 04/30/2022
About Opportunity

The 100+ Accelerator invest in companies from Seed to Series B stage. The 100+ Accelerator delivers 6 months of remote programming and training to accelerate the collaboration and growth of cohort companies in addition to a pilot/alliance with our partner companies. You will receive support from a global team champion, access to mentor networks and up to $100K toward pilot execution.

The goal of 100+ Accelerator is to have your company complete the program and graduate to a larger commercial contract and strong relationship with one or more of the partner companies.

This year 100+ Accelerator challenges concentrated and expanded to six challenge statements across a wide range of areas that all help us to contribute towards achieving the UN Sustainable Development Goals and the 100+ Accelerator Partner Companies’ Sustainability Goals. The challenges are: smart agriculture, water stewardship, circular economy, climate action, biodiversity, and inclusive growth (equity, diversity and inclusion).

Eligibility Requirements

  • The 100+ Accelerator is looking for innovative solutions that have the ability to scale quickly and make a significant impact on one or more challenge areas. The Accelerator focuses on startups that have a product in market or are prepared to go to market. Also, the Accelerator is particularly interested in supporting great teams: companies led by passionate entrepreneurs who have surrounded themselves with diverse talent that are in the best position to succeed.

Startups that have demonstrated traction in the form of IP, revenue, clients, pilots or contracts etc. will have the best chance of getting accepted.

Benefits

  • A large part of the program is based on launching pilots to validate product/market fit. Therefore, they are primarily looking for startups that have either a product that is ready to go to market or already in-market.
  • Earlier stage companies will be considered by rare exception only.
  • The 100+ Accelerator will provide support, guidance and access to potential funding through:
    • Pilot customer opportunities with the four corporate partners: AB InBev, Unilever, Coca-Cola, and Colgate
    • Palmolive (including the potential to scale company-wide)
    • Active mentorship, training and programming in product development, go-to-market, operations, sales and more
    • Top mentor network of scientists, academics, domain experts, venture capitalists, corporate sustainability leaders, etc.
    • Potential funding from Partner Companies and their networks

Application Procedure

Applications are now open for the 100+ Accelerator’s Circular Economy Challenge to help the company reach its ambitious sustainability goals faster by finding startups that could deliver breakthrough advancements across five key sustainability pillars—water stewardship, smart agriculture, circular packaging, climate action and upcycling.

In its first two cohorts, more than half of the startups secured long term contracts with AB InBev. In 2021, The Coca-Cola Company, Colgate-Palmolive Company and Unilever joined AB InBev’s 100+ Accelerator to fund and pilot sustainable innovation in supply chains. In its first three cohorts, the 100+ Accelerator has worked with 70 startups in over 20 countries.

The 100+ Accelerator recognizes the need to combine efforts to develop and scale new and innovative solutions. Each corporate partner has set ambitious sustainability goals and knows that no one company can achieve them alone.

They support the Accelerator startups by providing mentoring, funding and opportunities to pilot and scale their ideas within their business and value chain. While these startups help us reach their goals, they in turn commit to being their advocates and champions in developing and growing their business with peer companies and investors.

They understand that new technologies and innovations are developed quickly, and 100+ Accelerator can bring us all closer to that cutting edge. They can work together to scale game-changing solutions and accelerate action.

The 100+ Accelerator delivers 6 months of remote programming and training to accelerate the collaboration and growth of cohort companies in addition to a pilot/alliance with their partner companies. You will receive support from a global team champion, access to mentor networks and up to $100K toward pilot execution.

Official Website: Accelerator Program for Startups

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