Our 10-week educational Accelerator program is a hands-on program that helps startups to move early-stage ideas from concept to commercial viability. We make extensive use of lean startup principles and customer discovery techniques to help you more clearly identify the problem you are solving, your target customer, and the unique value your solution provides.
The Accelerator program runs 3 times a year, spring, summer, and fall. It is open to any early-stage startup regardless of the founder’s affiliation to Penn State.
The Accelerator is open to early-stage startups regardless of industry. We are looking for startups who have
Each team works through a series of “milestones” that include
“LaunchBox had an incredible impact on my life. It provided me the fundamental tools that I needed to drive my vision.”
All our services are free of charge and we take zero equity in our accelerator startups.
Accelerator startups receive 24×7 access to our facilities for 1 year, free coffee (thanks to our sponsors), free Wi-Fi, and team desk space in one of our Startup Team rooms.
Over the 10-week program, startups meet weekly as a group to share their challenges and lessons learned. Additionally, each team meets weekly with a coach who checks their progress against defined milestones and helps teams address upcoming challenges.
In today’s experience economy, companies that provide a high-quality end-to-end experience for their customers have an advantage over those who focus only on the point specific usability of their products.
We focus on early-stage startups in any industry regardless of whether they offer a product or a service. Specifically, we find the best fit with startups who…
While we do not provide funding for individual teams, we do provide teams special access to potential sources of funding.
No. We take zero equity and charge no fees.
Summer 2017 Accelerator
Fall 2017 Accelerator
The number of applicants varies, however, we typically see between 30-40 applicants for each program cycle.
The expectation of all LaunchTeams is that they are willing to put in the work that it takes to de-risk their business and build a viable plan for growth. During the 10-week program, LaunchTeams commit a minimum of 3 hours per week for the weekly team meeting and 1-on-1 coaching sessions. Teams may spend up to 5 hours per week preparing for meetings and completing team milestones.
We work with the startups teams to find a convenient time for weekly meetings. Depending on schedules, meetings may be held during the day or into evenings hours.
After the 10-week training, startups will be eligible to retain their LaunchBox seats for an additional 9 months to continue to develop their business concept.
Our hope is that you grow fast and outgrow the space. Teams that are too successful, or who need to reboot, will be asked to move to other space or resources in the ecosystem in order to make room for other early-stage entrepreneurs.
Lee brings 25 years of business experience to her job as LaunchBox coach. As the co-founder and CEO of Erickson Barnett, a full-service marketing agency, she worked with B2B technology startups and some of the world’s largest venture capital firms. She also brings hands-on experience with customer discovery and design thinking sprints to help startups drive innovative solutions that solve real problems.