FREQUENTLY ASKED QUESTIONS
Q. CAN YOU PROVIDE MORE DETAILS ABOUT THE ACCELERATOR PROGRAM?
A. Based in Boston, LearnLaunch Accelerator provides three months of mentorship and collaboration aimed at accelerating the growth of successful new learning and edtech companies. Up to eight companies per cohort will be accepted into the accelerator program. Each company will receive $100k in services and perks, $18k of which is seed funding in cash, a collaborative place to work, thousands of dollars worth of in-kind services, and intensive mentoring. In return, LearnLaunch Accelerator takes a 6% equity stake. If a company has already raised capital, the offer may be adjusted as appropriate.
Q. WHY SHOULD MY COMPANY JOIN THE LEARNLAUNCH ACCELERATOR PROGRAM?
A. The LearnLaunch Accelerator program helps grow the capabilities and reputation of your company in a structured learning environment with other emerging edtech leaders and experienced education entrepreneurs.
Q. WHAT IS THE DIFFERENCE BETWEEN LEARNLAUNCH ACCELERATOR AND LEARNLAUNCH INSTITUTE?
A. LearnLaunch Accelerator is an accelerator program for a group of early stage edtech companies that are selected through a rigorous application process. LearnLaunch Institute is a non-profit, which focuses on connecting and supporting Boston’s edtech community. It offers classes, peer group learning, conferences, networking opportunities and other educational services to all individuals and organizations seeking to work with educators, students and families to enable the growth and success of the edtech and learning ecosystem.
Q. WHY SHOULD A COMPANY JOIN LEARNLAUNCH ACCELERATOR INSTEAD OF ANOTHER ACCELERATOR PROGRAM?
A. Education is a very large but highly regulated sector. Our partners have extensive industry experience and deep connections to the major strategic and financial players. Our program is designed to prepare edtech startups for market entry and raising capital.
Q. WHY ARE YOU DOING THIS NOW?
A. Education is at a crossroads. Pressure to improve K-12 outcomes, college access and persistence, and career readiness is intense. Today’s teachers and students are familiar with a wide range of technologies and the costs of creating learning solutions that incorporate technology has dropped significantly. These combined factors present a unique opportunity for change. We believe we have the right team to vet, cultivate and prepare companies that will create value to the learning system.
Q. HOW ARE SCHOOLS, PARENTS, TEACHERS AND ADMINISTRATORS INVOLVED?
A. They participate as mentors and advisors to the accelerator companies.
Q. IS THERE A DEMO DAY?
A. Yes, we host a demo day at the conclusion of the program.
Q. ARE TEAMS REQUIRED TO RELOCATE TO BOSTON?
A. We require the management team to move to Boston for the entire duration of the accelerator program.
Q. DOES MY COMPANY FALL INTO THE EDTECH CATEGORY?
A. We accept a variety of companies in the education technology space focused on early education, K-12, higher education, adult learning and corporate training. Check out the descriptions of the prior cohorts here to get a better sense of the diversity of the LearnLaunch Accelerator portfolio of companies.
Q. OUR COMPANY IS A NON-PROFIT. CAN WE APPLY?
A. Yes, all companies in the edtech industry are welcome to apply.
Q. HOW LARGE DOES MY TEAM HAVE TO BE TO APPLY?
A. There are no constraints on team size, but generally companies that apply have 2-4 team members.
Q. CAN I APPLY IF I DON’T LIVE IN THE UNITED STATES?
A. Yes, all early stage entrepreneurs in edtech from all countries are encouraged to apply. Accepted companies must be able to prove that all members of their team have legal permission to live and work in the United States for the duration of the accelerator program. We have accepted entrepreneurs from Europe, Israel and India.
Q. CAN I APPLY IF I DON’T HAVE A PROTOTYPE/BETA?
A. You can apply, but your application will be stronger if you have at least a prototype or beta.
Q. IF WE HAVE ALREADY TAKEN SOME FUNDING, CAN WE STILL APPLY?
A. Yes, companies that already have some funding may apply. If accepted, the equity terms may need to be adjusted.
Q. MY COMPANY WAS NOT ACCEPTED TO THE LAST PROGRAM. CAN I REAPPLY?
A. Yes, your company is welcome to reapply. It is helpful to demonstrate progress and milestones reached since the last time your company applied.