The goal of the Seed Accelerator program is to encourage the formation of business accelerator programs and to incent startup companies in the state of Wisconsin.
This program primarily supports the following WEDC Strategic Pillar and Focus Area:
Business Development: Entrepreneurship and Innovation
The seed accelerator model for entrepreneurial development is designed to increase the outcomes for sustainability and growth of startup companies, typically, but not exclusively, in technology-based industries. In a seed accelerator, classes of entrepreneurial teams enroll in a defined program over a certain period of time (typically 3-6 months). Participants are provided with small amounts of financing, experienced hands- on mentorship, educational programming, visibility to investors and other resources, along with processes for market and customer validation, and for developing and testing the commercial viability of an idea.
The program provides an entity operating a local not-for-profit seed accelerator with grant funding used to support the participating companies. Operational expenses of the accelerator may also be eligible for grant funding.