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Northwestern Mutual Black Founder Accelerator Flagship

Opportunity for USA, Canada, and International Black-Led Start-Up
Companies to Participate in an Accelerator and Receive Funding

Agency Type:

Foundation / Corporation

Funding Source:

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gener8tor

Deadline Date:

08/15/21

Description:

Request a Grant Writer

Opportunity for USA, Canada, and International Black-led start-up companies to participate in a business accelerator program in Wisconsin. Participating companies will receive funding, mentorship, office space, and other benefits. Start-ups from any stage of development may apply. Applications are accepted from startups across the globe. However, gener8tor requires that at least one founder from each startup be located in Milwaukee for the duration of the program.

The Spring 2021 program will be held virtually due to the COVID-19 outbreak.

The investment priorities for Northwestern Mutual Black Founder Accelerator, Powered by gener8tor are aligned with Northwestern Mutual Future Venture’s key strategic areas of focus:

  • Fintech
  • Insurtech
  • Digital Health
  • Data Analytics

Participating Companies Receive:

  • $100,000 investment directly into your current round (if raising) or uncapped convertible note (if not currently raising).
  • Office space within Northwestern Mutual’s Cream City Labs. 
  • Twelve weeks of individualized coaching and mentorship from the gener8tor team during bi-weekly, one-on-one meetings.
  • One-on-one meetings with 100+ mentors including serial entrepreneurs, industry experts and investors.
  • Weekly cohort programming featuring topics including understanding market size, choosing a revenue model, and how to pitch investors. 
  • Exclusive Premiere Night reception during which participating companies have the opportunity to pitch to an audience of entrepreneurs, mentors, investors and community members.
  • Opportunity to build relationships within the cohort of five companies, and the community of gener8tor alumni.
  • $1M + in deals and perks from vendors like IBM Cloud, Rackspace, Amazon, PayPal, Zendesk and Microsoft.

GrantWatch ID#:

GrantWatch ID#: 194335

Number of Grants:

Up to ten high-growth startups per year (two cohorts of five).

Estimated Size of Grant:

$100,000 cash investment directly into your current round (if raising) or uncapped convertible note (if not currently raising). This accelerator does not take a predetermined amount of equity upfront.

Term of Contract:

Program Dates: September 23, 2021 - December 17, 2021

Additional Eligibility Criteria:

Who can apply?
A company with respect to which: (i) one or more individuals with the title of “Founder”, “Co-Founder” or “CEO” identifies as Black or African American; (ii) at least twenty percent (20%) of the equity ownership interests are held by one more or more individuals who identify as Black or African American; and (iii) such individuals have a significant role in the decision-making process.

Do startups need to be located in Milwaukee to apply?
gener8tor accepts applications from startups across the globe. However, gener8tor does require that at least one founder from each startup be located in Milwaukee for the duration of the program

What stage startups should apply?
Northwestern Mutual Black Founder Accelerator, Powered by gener8tor accepts companies from napkin stage through post-revenue.

Companies must also fit within the investment priorities of Northwestern Mutual Future Ventures.

Pre-proposal Conference:

Introductory chat;
During this initial meeting, the Northwestern Mutual Black Founder Accelerator will be discussed, and you will have the opportunity to share more about your company.

Office Hours: https://calendly.com/gener8tor_derrick/intro-chat

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Apply online: https://airtable.com/shrud44Wc19XoPZBD

If you are interested in learning more, contact YaaJoy Engel, Northwestern Mutual Black Founder Accelerator, Program Manager: yaajoy@gener8tor.com

Managing Director:
Precious Drew
precious@gener8tor.com
Derrick Raphael
derrick@gener8tor.com

gener8tor Milwaukee
313 N Plankinton Avenue,
Suite 211
Milwaukee, WI 53203

info@gener8tor.com
414.502.8880

URL for Full Text (RFP):

Geographic Focus:

USA: Alabama;   Alaska;   Arizona;   Arkansas;   California;   Colorado;   Connecticut;   Delaware;   Florida;   Georgia;   Hawaii;   Idaho;   Illinois;   Indiana;   Iowa;   Kansas;   Kentucky;   Louisiana;   Maine;   Maryland;   Massachusetts;   Michigan;   Minnesota;   Mississippi;   Missouri;   Montana;   Nebraska;   Nevada;   New Hampshire;   New Jersey;   New Mexico;   New York City;   New York;   North Carolina;   North Dakota;   Ohio;   Oklahoma;   Oregon;   Pennsylvania;   Rhode Island;   South Carolina;   South Dakota;   Tennessee;   Texas;   Utah;   Vermont;   Virginia;   Washington, DC;   Washington;   West Virginia;   Wisconsin: ;   Wyoming

USA Territories: American Samoa (USA)   Guam (USA)   Puerto Rico (USA)   Virgin Islands (USA)   Northern Mariana Islands (USA)

USA Compact Free Associations: The Federated States of Micronesia (USA)   Marshall Islands (USA)   Republic of Palau (USA)

Canada: Alberta;   British Columbia;   Manitoba;   New Brunswick;   Newfoundland and Labrador;   Northwest Territories;   Nova Scotia;   Nunavut;   Ontario;   Prince Edward Island;   Quebec;   Saskatchewan;   Yukon;

Israel

International country outside of the USA, Israel and Canada.

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