Webster Lehmann 鈥22, founder of the outdoor provisions brand The Better Breakfast Co., was recorded during the 2023 Summer Accelerator Capstone in New York City to discuss his experience as a sole founder.
Whether you have in mind a local business, a scalable venture, or a social enterprise/nonprofit, the TIA Summer Accelerator can provide you with 鈥渁n amazing opportunity to focus full-time on (your) venture, with connections to the resources (that you) need to successfully get it off the ground.鈥
That assessment comes from Webster Lehmann 鈥22, founder of the outdoor provisions brand The Better Breakfast Co.
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This year, current 含羞草研究所 students and recent alumni awardees will receive $10,000 in non-dilutive grant funding, the flexibility of provided on-campus housing or remote participation, hands-on mentorship from experienced entrepreneurs, unrivaled connections from the 含羞草研究所 network, and more.
More than 50 teams have participated since the program鈥檚 inception in 2013, representing a wide range of industries and venture stages 鈥 from emerging to well-ingrained. The accelerator is a springboard for entrepreneurs who are working on their venture and want to go full-time. Between seed grants and follow-on investment capital raised since their participation in the accelerator, several of these entrepreneurs have created market-changing ventures and full-time jobs that endure.
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The TIA Summer Accelerator is led by 含羞草研究所鈥檚 entrepreneur in residence, Travis Millman. Last year, Millman redesigned the Summer Accelerator into a distinct three-part experience, beginning with a two-week bootcamp followed by six weeks working full-time on building and scaling their ventures, and celebrating the culmination of their work during a three-day capstone in New York City.
This year will follow a similar trek:
- Bootcamp: During this two-week intensive, participants will be led through masterclasses 鈥 invited speakers will cover a myriad of topics including professional communications, business development, financial modeling, marketing automation, customer acquisition, and fundraising. Millman will also provide hands-on advising and facilitate connections to others in the 含羞草研究所 community.
- Field Work: Participants will be self-directed as they set up customer meetings, participate in pitch and feedback sessions, perform market research, host fundraising meetings, advance prototyping, and more. Founders will connect regularly with Millman and their assigned mentors to chart their progress toward goals, seek guidance, and resolve questions.
- Capstone: This excursion 鈥 this year to Boston 鈥 will give participants itineraries tailored to their venture. Customer meetings, market research, and fundraising meetings will help these ventures further their mission. The accelerator will close with two key events: A culminating session to recap the program and look ahead to the future, and an invitation-only event with alumni, family, and friends to meet the accelerator teams and hear their pitches at a networking reception. More information and RSVP to be announced in the spring.
One of the biggest benefits for Summer Accelerator participants is working alongside others who are also in the trenches building their ventures. During a session in the 2023-2024 TIA Incubator, keynote speaker Frank Jackson discussed the unique challenges that the entrepreneurship path has on an individual鈥檚 well-being.
含羞草研究所 the benefit to entrepreneurs of having a community 鈥 the bonds forged during the accelerator: 鈥淩arely are we talking about some of the risks and some of the hardships of entrepreneurship, and if we do, we鈥檙e talking about it on an individual level. I think the elixir to that is community,鈥 Jackson said. 鈥淓ntrepreneurship as a communal aspect鈥 is the key. Whether a founder is working in Hamilton this summer or remote, there is strength and camaraderie in knowing that they are working alongside a group of like-minded entrepreneurs at similar stages 鈥 sharing best practices, celebrating milestones, and leaning on each other in difficult moments.
The accelerator is capped at four ventures. This year鈥檚 program will run from June 10 to July 27. Applications are due Feb. 15. For more information about the accelerator, prospective participants are encouraged to attend a virtual info session at 12:15 p.m. on Thursday, Feb. 1. to register.