Is there a fee to apply?
There is no fee to apply.
If I applied to the Accelerator in the past, may I re-apply?
Yes. We are more likely to accept companies that have made clear progress since their previous application. Please contact firstname.lastname@example.org if you have any questions specific to your case before you start filling out the application.
Is any documentation required?
A passport and visa to travel from your home country to the Entrepreneur Retreat is required.
Do I need a US visa?
A US visa is not a requirement, but entrepreneurs who do not have one will be limited in terms of the events they can attend.
Why should I apply?
Companies who participate in our Accelerator receive 1:1 tailored growth consulting from a seasoned professional who identifies your company’s growth barriers and opportunities, then executes select services to support company growth (our most popular services are Business Model Refinement, Growth Strategy, Investment Preparedness, and Impact Strategy). On average, companies experience a 23% increase in annual revenue.
You can learn more about Accelerator results here and read our alumni profiles here.
Can I apply if I don’t have an operating company?
Yes. Our ideal candidates have been operating for 1-5 years and have at least $50K USD in annual revenue; however, we analyze each application on a case-by-case basis and may select a handful of particularly high-potential earlier-stage companies who are seeking capital within 18 months.
Can non-profits, hybrids, or cooperatives apply to the Accelerator?
- Non-profits – our services and network are structured to support for-profit companies. We generally do not serve non-profits. However, if you are a non-profit that has significant earned revenues, we invite you to apply.
- Hybrids – organizations that combine a non-profit and a for-profit entity are occasionally selected for the Accelerator, provided that the Agora Consultant can support the for-profit side.
- Cooperatives – we welcome applications from cooperatives, provided that they have a clearly-defined hierarchy and that the decision maker who will be involved in the consulting process.
What are your geographic requirements?
We accept applications from all countries in Latin America and the Caribbean.
Can I apply if my company is not headquartered in Latin America or the Caribbean?
Yes. However, you must have impact in the region. If your company is operating outside of Latin America or the Caribbean but expanding to the region, we may also consider working with you.
Do I have to be fluent in English and Spanish to participate in the Accelerator program?
You must be fluent in either English or Spanish.
Will you accept applicants who are not looking for external financing?
Occasionally. Our services are focused for companies seeking capital; however, we do select high-potential companies not seeking capital on occasion.
What type of impact do you look for?
We work with companies whose impact models are intentional and integrated with their business models, so that as the company grows, so does the impact. We prefer not to work with companies whose impact, whether social, environmental, or both, is achieved through donations, or buy-one-give-one models. We seek companies creating impact that is exponentially scalable. This means that we do not tend to work with consulting firms or restaurants.
Does my company have to fall into a certain sector to apply to the Agora Accelerator?
No, Agora is sector agnostic. We work with companies addressing social or environmental problems in Latin America or the Caribbean, in any sector.
For additional information on eligibility criteria, visit our “What We Evaluate” page here.
What is the time commitment for participating in the Accelerator?
Accepted companies are required to commit 3-5 hours per week split between consulting sessions and work on deliverables. You will be required to attend the Entrepreneur Retreat for four days, and may be invited to participate in investment meetings later in the year, which typically require 1-3 days. But, we encourage companies to exceed this. Your success in the program is highly dependent upon your level of commitment. The more time you invest, the more benefit you derive from the program.
What are my responsibilities as an Agora entrepreneur?
In order for us to best support you, entrepreneurs must fully engage in the Accelerator process. We expect entrepreneurs to participate in the Entrepreneur Retreat, engage with your Consultant, supply documentation and information about your business as requested, respond to requests promptly, and provide annual updates on financial and impact data for three years post-Accelerator.
Is it possible to participate in the Agora Accelerator and other programs at the same time?
Yes. There are no restrictions as long as you are able to maintain your commitment to the Agora Accelerator. Please note, however, that the Agora Accelerator is an intensive experience, and we expect each company to be fully engaged during the process. Should the Accelerator team feel that a company is not committing the required time and effort to the program, after an initial warning, Agora reserves the right to terminate its services.
Does Agora take equity in my company?
Unlike many Accelerators, Agora does not take equity in Accelerator companies. Agora charges companies a percentage of the cost of delivering services (covering the remaining balance of the cost through generous sponsorship from funding partners). Agora also offers repayment over time, which is tied to the success of companies.
Who will be my Agora Consultant?
Your Consultant will be a dedicated professional with 7 to 10 years of experience. Agora Consultants typically have deep experience in finance, investment, management consulting, and/or entrepreneurship along with an MBA or relevant Masters. Agora Consultants are selected from a large pool of candidates through a rigorous selection process.
Is the Accelerator targeted towards the team or the leader?
We work primarily with the leader, founder, or CEO of each company. During the program process, participation from the rest of the team may be required at various points depending on the focus of the consulting.
What type of investments have been facilitated through the Accelerator?
We seek to help entrepreneurs identify not only the right amount of investment, but also the right type of capital and mission–aligned investors for their company. The average size of deals closed is approximately USD $425,000. Deals closed from investors in our network have been 29% debt, 19% equity, and 25% grants, among other types of capital. Other deals include creative structures aligned with the impact and the financial success of the company.
After the Agora Accelerator, what’s next?
Once you participate in the Accelerator, you become a part of the Agora alumni community. We are committed to helping alumni succeed through offering continued opportunities including access to a global network of over 200 impact investors representing over USD $5B in capital, exclusive and discounted business services, industry event access, media exposure, and more. You will also be connected to other Agora alumni leaders who can act as resources for your company’s continued growth and success.
For up-to-date results, visit our Impact page.