Velocity: A New Creative Accelerator
Applications open on April 9 for the Center for Creative Economy’s fourth annual Creative Accelerator, an education and seed funding program that helps creative entrepreneurs develop business models and identify resources for growth.
Hosted by the Center for Creative Economy in Winston-Salem, NC, participants complete a 9-week virtual program, now titled “Velocity,” in which the top three startups split a pool of $50,000 in seed-stage investment. Companies throughout the world can apply. Go to CenterForCreativeEconomy.com/Velocity to apply by June 2, 2019.
Running from July 30 to September 27, “Velocity” uses a rigorous educational curriculum developed by Professor of Practice at the UNC Kenan-Flagler Business School, Chris Mumford. His program, titled “Joe Startup,” uses a street-smart entrepreneurial education portal organized around the themes of Create, Tell, Sell and Run. Participants interact with whiteboard animations, a startup plan builder, and a social network to create an immersive learning experience for creative entrepreneurs. “Chris and CCE have collaborated to deliver this revitalized curriculum which combines the startup experience of both parties,’” said CCE Director, Margaret Collins.
Ten teams will complete 24 modules and case studies over nine weeks, working with professional mentors to guide them through the program. New in 2019 is an in-person kick-off weekend, August 9-11 in Winston-Salem, for participants to jump-start the program and work with their mentors/peers. The five-day DEEP DIVE, from September 22-27, lets teams work with directly global visionaries and creative leaders. The ever-popular DEMO NIGHT returns on September 26 where teams showcase their innovations to funding prospects, businesses, and the media. The Final Pitch Competition will be held on September 26, when the $50,000 in seed-stage funding will be awarded.
According to the 2018 Creative Startups Impact Report issued by CCE, 30 companies have participated in the program and 87 percent are still thriving. “Our startups have raised $3.1 million in funding and generated $3.4 million in revenues” added Collins. “We are a program with proven success in creating more than 50 jobs and helping creative entrepreneurs succeed. We’re especially proud of the fact that 70 percent of the founders of the companies in our program are women- or minority-owned.”
Learn more about Velocity and how to apply: CenterForCreativeEconomy.com/Velocity