All companies or individuals seeking investment or assistance from AccelerantTM must first fill out an application.
The application asks questions about your business and your business idea and helps AccelerantTM respond more effectively.
Answer the questions with as much detail as you can. Do not enter any proprietary or confidential information.
After you have filled out the application, a member of the AccelerantTM team will respond to you with the next steps within 3-5 business days. Many factors affect the speed at which you progress through each of these steps: your business model and financial strategy, your competitive landscape, your intellectual property, your staffing needs and the time it takes to find other investors.
Accelerant'sTM initial review of your application includes a number of objective factors, including whether you are located or willing to locate in Southwest Ohio and whether your business is a high-growth, technology-based opportunity with a total annual addressable market of at least $250 million.
AccelerantTM investments are in Advanced Materials, Advanced Manufacturing, Sensors and Automation, Healthcare, IT software, hardware, and mobile applications, Aerospace propulsion and power (including UAV), and Situational Awareness and Surveillance Systems. These objective criteria must be met before AccelerantTM does a more detailed screening of the opportunity.
Assuming the opportunity meets Accelerant'sTM objective criteria, its executives will begin to evaluate the opportunity with internal and external resources. In this screening, AccelerantTM is evaluating the product, management team, market, competition, and potential for follow-on venture investment. It also is evaluating the opportunity in the context of others being considering for investment.
The initial screening determines whether AccelerantTM should invest significant resources to begin considering the opportunity for investment. If you pass the initial screen, you will be moved ahead to the Advise step. If you do not pass the initial screen, you will be notified and given general feedback on the reasons. In some cases AccelerantTM may recommend that you keep it apprised of your business as it develops.
Advise is the first stage of the decision-making process for investment. AccelerantTM will conduct more detailed market and competitive research, evaluate your product, meet other team members, and build a detailed assessment of the opportunity. As each opportunity is different, the objective is to work with you to understand exactly what the next phase in the company’s development should be and how much capital is required.
AccelerantTM also will be working to agree on a general business plan for the company, from current state to liquidity. Its executives will help you identify gaps in your team, partnerships, and product. It is important that you and potential investors are aligned on the company’s strengths, weaknesses, and long-term vision.
AccelerantTM executives will begin to share the investment opportunity to its syndicate partners to determine co-investment interest and expected investment terms.
During this stage we will work with you to develop the following information:
Market definition and sizing
Target customer profile
Management team plan
Potential exit paths and comparable market valuations
We will evaluate your opportunity and come to one of three conclusions:
The opportunity is not a good candidate for a AccelerantTM investment. In this case you will be referred to other community resources that may be able to provide assistance or funding.
The opportunity is a future candidate for a AccelerantTM investment, but there are pre-funding milestones that investors require before moving to the accelerate phase. In this case AccelerantTM will work with you to define those milestones and track your progress.
The opportunity is a good candidate for a AccelerantTM investment. In this case it will begin due diligence for an investment. AccelerantTM executives will discuss likely terms for the investment, based on discussions with investment partners, and present the investment terms to you before proceeding to the accelerate phase.
If the opportunity is a good candidate for a AccelerantTM investment, it will begin to build out a detailed due-diligence plan, identify other prospective investors, and work closely with you on a near-term plan for the period of funding and a longer-term plan to fully capitalize and build a high-growth enterprise.
AccelerantTM also will work with you on a detailed plan for the phase of development it is proposing to fund. This will include key quantitative and qualitative milestones that should be met to attract the next round of investment. In many cases AccelerantTM and its syndicate partners will fund your company in tranches based on milestone achievement.
Due diligence will include detailed review of the legal documents of the company, past investment, customer or prospect interviews, detailed competitive research, and interviews and background checks on all management team members. It also will include presentations to other investor groups, and sometimes to members of its investment committee.
Early in this phase AccelerantTM or a co-investor will generate a term sheet summarizing the financial and other terms for investment acceptable to you and to the investors. Once terms are agreed to and diligence is completed, these terms will be formalized into appropriate investment documents.
After a formal investment closing, AccelerantTM EIRs continue to assist and monitor your progress toward becoming a high-growth company that will attract additional investment.
Attracting additional investment capital is a time-consuming activity for an operating CEO, and AccelerantTM will work in concert with you to identify and pursue follow-on capital.
In addition, AccelerantTM will continue to assist in key employee recruitment, business planning, introductions to prospective customers and business partners, and other issues or challenges you may encounter.
To qualify for funding from Accelerant Fund I (AFI), the following criteria must be met: