Q: Does my startup need to be resident in Austin to be considered for the Accelerator?
A: For all practical purposes, the answer is yes. We don’t run a typical 10-12 week program. Our educational curriculum through Capital Factory University runs approximately six months, the advisory term for lead mentors is one year, and the co-working membership that comes with program acceptance allows two founders to work at the Capital Factory downtown space for 3 months. We’ve had startups relocate to Austin due to our program and the local startup support culture.
Q: Does Capital Factory consider pre-revenue (pre-launch) startups for the Accelerator?
A: Not typically. Sometimes we make an exception for founders that we have worked with before or who have significant funding traction.
Q: I’m not in Austin. Will Capital Factory consider my application based on online information alone?
A: No. We need to meet you before making such an important decision. If you pass the initial screening we’ll invite you to come interview in person.
Q: If my startup doesn’t get accepted, can I apply again?
A: Absolutely. Sometimes a rejection is due to a startup being a little too early and not having enough traction for our program. Whatever the case, we encourage founders to learn why they were not accepted so they can work on those things and potentially apply again later.
Q: Are Accelerator companies required to pursue matching investments?
A: This is up to you. A very high percentage of our Accelerator companies pursue matching investments but it is not required.