03 Sep Collide Village Accelerator Program: Supporting North Texas Entrepreneurs
Collide Village Accelerator Program (CVAP) is a 4-month milestone driven seed stage startup accelerator program. CVAP’s focus is to teach founders the concepts of Evidence-Based Entrepreneurship. The program will be housed at the Treehouse in Addison, and applications are open for the accelerator until September 28.
“What we’re doing in our accelerator is different,” says Tahir Hussain, Program Director of Collide Village. “Our program is designed to gauge both the entrepreneur and investor; for the entrepreneur, it is the process that validates their business model, and if they actually have one; and for investors it is the Investor Readiness Level that gives them the tools to quantify relative risks. To be successful in the market, you need both.”
“As an investor, you’re typically relying on instinct to make a decision. We want to take the guesswork out of that process, and get the accelerator participants to a level where investors are comfortable,” explains Hussain.
The program offers each accepted company $25k at the start of the program and an optional $50k convertible note, along with free office space for 4-months at the Addison Treehouse in North Texas area, among other benefits.
Why Addison? “It is a central point for many North Texas cities to collide and the Treehouse provides the perfect environment for acceleration,” explains Hussain.
“Our goal is to ensure that our program participants don’t just have a great product, but that they’re able to make a company out of it,” says Hussain.
CVAP provides mentors and support throughout the 4 months, along with opportunities for networking with the North Texas entrepreneurial community. “Our supporters are vested in CVAP’s success. They are industry leading technology, business services, financial and legal firms. In addition, top VC firms and local and national angel investors work with CVAP. The Village provides networking opportunities to help you find potential partners and experts who can help propel your start-up to success,” reports the website.