THE LEADING EDTECH STARTUP PROGRAM
BREAKTHROUGH Application Deadline: September 15, 2016
BOOST Applications Open October 1, 2016
Edtech focused programs
Mentors in Network
LearnLaunch Accelerator provides the most promising edtech startups worldwide with seed funding, an unmatched team of mentors, intensive coaching and all the tools needed to grow a successful edtech startup.
Seed funding of up to $120k
Connections to 120+ mentors
Free office space and discounted services
Free access to classes, events, and thought leadership provided by LearnLaunch & The Capital Network
Targeted curriculum and personalized company plans
Access to strategic partners and investors
Access to a cohort of edtech startups
Intensive coaching from partners with decades of edtech experience
Check out the program descriptions below, as well as a quick video, frequently asked questions, and some case studies from companies we’re already working with!
TWO PROGRAMS, CUSTOMIZED FOR WHERE YOU ARE IN THE JOURNEY
Our entrepreneurs are passionate about student engagement and learning, as well as empowering educators with great tools and solutions. We are focused on getting them the resources they need to grow. No matter where you are in the journey, LearnLaunch can help.
– 6-10 companies per cohort
– Up to $70k investment. ($20k investment for 6% at start of program. Additional $50k Convertible note if milestones are hit)
Applications Open: October 1
Applications Close: November 5
Pre-Accelerator Program: March 1 – March 10
Accelerator Program: March 13 – June 21
Key Presentation Dates: June 21
*Subject to change
The LearnLaunch BOOST program is a three-month program designed to help early stage edtech entrepreneurs successfully grow their startups. Founders participate in a residential program in Boston, Massachusetts, where they are immersed in a community of like-minded professionals committed to helping them grow their businesses. The goal of LearnLaunch BOOST is to advance the product and market development process so that entrepreneurs will be able to secure the resources they need to grow. LearnLaunch provides seed funding ($20k for 6% plus potentially up to $70k in additional funding) for companies selected to its cohort. Participating companies meet weekly with mentors who push them to identify and take the most leveraged next steps to grow their products and companies. During the program, companies regularly interact with leading edtech experts. BOOST has also developed an edtech-focused curriculum that provides tremendous insight into how to navigate the education industry.
During the first month we work with companies to test their key assumptions and then develop an individual work plan. During the second month, founders work with their mentors on company-specific issues, such as customer interaction, user interface design, and product development. In the final month of the program, founders develop an action plan, including strategies for launching their product, expanding their company, and pitching to investors. The program culminates with presenations at the LearnLaunch Accelerator Demo Day in June.
LearnLaunch continues to guide and support companies for three months after they finish the accelerator program to help them grow their startups into thriving companies.
The BREAKTHROUGH Program is a distilled four-week boot camp, designed to help edtech companies that are beyond seed stage.
– Targeting Post Seed Stage/Pre Series A companies
– 4-6 companies per cohort
– Up to $120k in investment. ($50k Convertible note at start of program. Additional $70k Convertible note if milestones are hit.)
Applications Open: August 15
Applications Close: September 15
Pre-Accelerator Program: November 28 – December 16
Accelerator Program: January 9 – February 3
Key Presentation Dates: February 3, February 15, March 7, June 21
* Subject to change
For companies with bit more traction, LearnLaunch Accelerator’s BREAKTHROUGH Program is designed to help early stage education technology companies by providing critical access to strategic partners and financing entities. Your company is beyond seed stage, and we realize that as you gain momentum it becomes more difficult to join our campus for an extended period. That’s why BREAKTHROUGH is structured to provide assistance specific to the needs of your company, and to provide it in a condensed and intensive timeframe.
We do more upfront before your arrival, so that we can provide a distilled four-week boot camp while you’re here. During the pre-accelerator phase of the program, we will start introducing you to our mentor and partner network and will create a personalized four week plan for your company. During the accelerator program, you will be meeting regularly with your mentors and lead LearnLaunch partner to make sure you are hitting your goals and milestones. The program culminates with presentations at the LearnLaunch Conference in February.
Beyond introductions, we can help you leverage those connections to your greatest advantage. LearnLaunch Accelerator provides intensive company-specific workshops in areas such as business model optimization, finance, and product roadmapping. Success is about being prepared when opportunity strikes. BREAKTHROUGH helps you prepare for exceptional opportunities. Companies accepted into the Breakthrough program receive up to $120k in funding.
MEET THE TEAM
GET ACCESS TO BOSTON’S TOP MENTORS
All companies in the LearnLaunch accelerator develop close ties with our handpicked mentors, that last long after the program ends.
DO YOU HAVE ANY 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. IS THERE A DEMO DAY?
A. Yes, we host a demo day at the conclusion of the 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. 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 HAVE A PROTOTYPE/BETA?
A. You can apply, but your application will be stronger if you have at least a prototype or beta.
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.
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. 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. OUR COMPANY IS A NON-PROFIT. CAN WE APPLY?
A. Yes, all companies in the edtech industry are welcome to apply.
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. 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.
LearnLaunch Accelerator is now accepting applications to our BREAKTHROUGH Program. To apply to be a part of our next BREAKTHROUGH program starting in November 2016, follow the directions below. Applications are open until September 15.
(If you want to apply to our Boost program, applications will open up here on October 1. Sign up to our mailing list to get notified.)
We will be accepting applications on a ROLLING basis, so apply early!
MORE INFORMATION AND DIRECTIONS
Directions for the Breakthrough Program Application:
- Access the application here.
- Fill out the f6s application, answering all the sections as best you can. If you are unfamiliar with f6s or need assistance, contact their support team.
- When answering questions, please do not refer to other documents that you may upload.
- A pitch deck is required. Suggested guidelines can be found here. Remember to be concise.
- A one-minute video or screencast of your product is required.
- Provide another video of the co-founders introducing each other and explaining what each person’s role is. Do not introduce yourself. Introduce one of your co-founders and have one of your co-founders introduce you. This is also required. Please limit introductions to one minute per person.
- You can update the information in f6s as often as you want until you submit your application.
- Once your application is complete, we will review it and may contact you to provide additional information.
- Select applicants will be invited to make pitches via Skype or in-person in September and October In-person pitches for finalists will take place at our office in Boston. Final decisions will be made in October and November.
- Pitch Deck Guidelines
- Sample Speakers & Topics
- Being a part of the LearnLaunch Accelerator by Thomas Ketchell, CEO of Hstry
- Deciding to grow QuadWrangle with LearnLaunch Accelerator by Nick Zeckets, CEO of QuadWrangle
- Why a company with more than $1M in revenue joined LearnLaunch Accelerator
For questions about the accelerator program application please email: firstname.lastname@example.org
There are a number of opportunities for you to learn more about the accelerator program and the application process. If you are considering applying, please take part in one of the following sessions:
August 17 @ 12PM
August 18 @ 5PM
August 23 @ 3PM
August 26 @ 12PM
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