What’s happening:
Chloe Capital is hosting a four-month accelerator for tech founders of Seed through Series A stage companies from underrepresented and historically marginalized backgrounds. Chloe Capital was one of four organizations selected by New York City Economic Development Corporation to operate an accelerator as part of the Founder Fellowship, a program dedicated to supporting underrepresented entrepreneurs building tech and tech-enabled businesses across New York City. Fifteen companies from New York City will be selected to participate in Chloe Capital’s accelerator.
Who we’re looking for:
Chloe Capital’s Founder Fellowship is open to any applicant who resides in New York City, including those led by founders from underrepresented backgrounds. We are specifically seeking companies building innovative tech solutions in Climate, Education, and Health. Applicants should be Seed to Series A stage, ready for investment, and actively raising. Finally, we are looking for companies that have traction, momentum and are ready to scale.
What we’re offering:
What makes our program unique, first and foremost, is direct access to capital. Our program includes funding opportunities, peer-to-peer and expert mentoring and coaching, investor connections, networking, and educational programming delivered through virtual and in-person sessions. All participants will receive lifetime access to Chloe Capital’s national resource database and our custom growth kit with dozens of discounted services.
Chloe Capital’s Founder Fellowship is in partnership with New York City Economic Development Corporation (NYCEDC).
Chloe Capital’s Founder Fellowship is in partnership with the New York City Economic Development Corporation (NYCEDC).
TIMELINE
March
Accelerator Begins. The accelerator will launch with a cohort founder kick-off meeting, during which we will review the timeline of events, expectations, and opportunities. We will send out a pre-program survey to all founders, and host a roundtable to discuss ideas, experiences, and share the unique challenges faced by participants. During the kickoff month, founders will work virtually with team members from Chloe Capital to create individualized work plans and receive access to Chloe’s resource database.
April
Chloe Capital will regularly engage with founders virtually for mentoring, in addition to offering workshops and networking events with partners from the technology and innovation vertices. Founders will learn how to apply for additional funding opportunities like SBIR and STTR programs. We’ll connect founders with strategic and corporate partners who can help them demo or pilot their products, develop case studies, and receive invaluable feedback.
May
Chloe Capital will connect founders with near-peer mentors to focus on developing or refining their pitches through virtual engagements. Founders will then pitch investors during a live in-person gathering. During the event, each founder will be afforded the opportunity to fast-pitch their company, followed by a feedback session for each team, and networking between founders and investors.
June
During our final month, we will hold a founder roundtable discussion to debrief experiences, deep-dive on challenges diverse founders face, and share additional resources. Chloe Capital will host an in-person showcase to increase founders’ access to capital and visibility among investors and strategic partners.
Chloe Capital is committed to investing a minimum of $300,000 in at least three companies. Companies will be considered for investment upon successful completion of the program. In addition, each founder will gain access to free and discounted business services, mentorship, and connections to Chloe Capital’s global network of investors. On average, participants in a Chloe Capital program go on to raise $2,000,000 each.
Chloe Capital is committed to investing a minimum of $300,000 in at least three companies. Companies will be considered for investment upon successful completion of the program. In addition, each founder will gain access to free and discounted business services, mentorship, and connections to Chloe Capital’s global network of investors. On average, participants in a Chloe Capital program go on to raise $2,000,000 each.
LEAD & FOLLOW
$100 – $250k
SEED – SERIES A
U.S. & GLOBAL
GROWTH KIT
