The Capital Factory Accelerator is focused on helping tech startups get profitable with less than $1 million in funding.
Read our mission.
Startups are initially accepted into our Incubator. The Incubator gives Austin startups a competitive advantage in attracting talent, mentors, press and funding. The tech meetups and hack-a-thons hosted at Capital Factory create a talent pipeline that touches almost every programmer and designer in Austin. Our Mentors are the A-list of local entrepreneurs and executives – they teach exclusive classes and hold regular office hours to give advice. Press and government officials visiting Austin stop at Capital Factory creating weekly opportunities for international exposure. Investors come to Capital Factory for office hours, demo days and meetings for the Central Texas Angel Network. Plus you get more than $100,000 in free hosting, software and services.
This isn’t a 3 month summer program. Our program runs for an extended period of time, which is why our startups are resident in Austin and exploit everything the city has to offer aspiring entrepreneurs. Many startups we know have taken 2 years to reach $1M in revenue. Of course some companies will get there much faster and maybe you’ll be one of them!
If you recruit 2 Lead Mentors from our roster, you join the Accelerator and can request matching funds. The Lead Mentors will invest both time and money to make you successful, and our fund will match their investment (some conditions apply). Not all Incubator companies will be successful recruiting Lead Mentors, and not all will choose to.
None of this costs you a dime except for renting desks and offices, if you choose. The Incubator receives stock worth 2% of the company and if you choose to pursue the Accelerator each of your Lead Mentors receives 1%.
WHAT YOU GET IN THE INCUBATOR
It’s all about the Mentors. Capital Factory has an unmatched roster of Mentors who are successful entrepreneurs and operators. They have been in your shoes and have had huge success. Some have bootstrapped to millions in revenue, some have raised tens of millions of dollars and had successful IPO’s.
Suddenly everyone wants to meet you. You get access to our office hours calendar full of meetings with successful entrepreneurs, investors, big companies, government officials and reporters and bloggers from the local and national press.
Incubator benefits are as follows:
- Office Hours with our Mentors
- Office Hours with investors and VIP guests
- Access to an educational curriculum administered by Capital Factory University
- Opportunities for exposure with local and national press
- Help with recruiting talented engineers, post your jobs on 20+ TV screens
- $3,900 credit at the Capital Factory space downtown (non-refundable, non-transferrable)
- Automatically approved to rent desks and offices (as they become available)
- Access to the private Capital Factory Facebook groups
- Opportunities for exposure to investors at pitch events throughout the year and around the country
- Free hosting credits from Rackspace, Amazon Web Services and Microsoft Azure that last most companies 2 years.
- Free and discounted offers from 100+ vendors and service providers to help you stretch your budget as far as possible.
CAPITAL FACTORY UNIVERSITY
The Incubator provides on-going education and training via a curriculum that covers both basics and dives deep into topics like customer acquisition, fundraising, business development, company strategy and much more. These courses are taught by our mentors and outside experts that have gone around the block multiple times with the topics they teach. There is something magical about hearing a successful entrepreneur tell the story about how his company started and be able to ask questions.
WHAT YOU GET IN THE ACCELERATOR
(in addition to the Incubator benefits)
Focused attention from 2 Lead Mentors. We will make suggestions and will even go out and try to recruit new Mentors based on your requirements. But in the end, it’s up to you convince at least 2 of our Partners to be your Lead Mentor. They make an investment in your company and meet with you regularly for 3 months to really dig in. After that, they continue to meet with you and offer advice as-needed for up to a year.
The Capital Factory Fund was created to amplify the impact of Austin angel investors by matching their investment to double the funding received. Our fund will match the investment of your Lead Mentors, up to $50,000 in total. Most accelerator companies will raise additional funds from other Capital Factory Mentors and investors that we introduce them to via personal relationships, demo days and AngelList.
You’re first on the list. Accelerator companies are first in line for desks, Office Hours and Demo Days.
- First priority access to rent desks and offices at Capital Factory
- First priority access to Office Hours slots
- First priority access to Demo Day slots
- First priority for press introductions
NOT JUST A SUMMER PROGRAM
Regardless of what happens with your startup, you’ll be part of the Capital Factory community for life. The relationships you build here will change your life and open up new doors you didn’t know were there.
If you’re interested in applying, click here to learn more