What is the Telluride Venture Accelerator?
The Telluride Venture Accelerator (TVA) is a mentor-driven accelerator based in Telluride, Colorado.
Who’s behind the program, and what is the goal?
The Telluride Venture Accelerator is a non-profit initiative of the Telluride Foundation. The goal of this effort is to reignite Telluride’s long history of innovation and entrepreneurship. The Telluride Foundation believes that through promoting an ecosystem of entrepreneurship, we will strengthen our local community and support positive social change.
What does TVA do?
We accelerate businesses by providing seed funding, co-working space, access to world-class mentors and entrepreneurs in residence, plus a capstone event where each company can pitch for follow-on investment from Telluride’s angel network and dedicated venture capital funds, including the Telluride Venture Fund.
How Does it Work?
TVA hosts an annual competition seeking applications from entrepreneurs ready to accelerate their businesses. From the candidates, we select up to six companies to attend our five-month, immersive program in Telluride. We invest $30,000 in return for a 4% stake. The entrepreneurs work together at a dedicated co-working space and attend regular workshops. They also benefit from a host of perks including free and discounted products and services, from website development and hosting to legal and accounting. TVA is a partner in the success of each company and ensures that all receive the targeted assistance needed to take their businesses to the next level.
What Types of Businesses Should Apply?
TVA uniquely focuses on areas aligned with the values of the Telluride region. In addition, we prioritize technology solutions in any of these focus areas:
- Outdoor recreation
- Natural, organic products
- Health and healthy living
- Energy, water, and education
Why did TVA choose these verticals and what if I am unsure if we fit the criteria?
The industry verticals were chosen based on the culture and values of the Telluride region and the expertise and interest of our mentors and investors. If you are unsure if you meet our criteria – please try to jump onto one of our Q&A webinars. Even if unsure, we encourage you to apply and let the evaluators determine the best fit. TVA is looking for good investments, people and the combination of companies that will yield a cohesive cohort.
Who is the Ideal Candidate?
We value and invest in entrepreneurs and their teams. If you have a solid business model, a high-growth business idea, under $1M in revenue, and a desire to work hard and leverage a unique learning opportunity, you could be the perfect candidate for TVA.
When should I submit my application?
Applications for our 3rd class open on September 2nd, 2014 and close October 15th, 2014 at 7pm MST.
We encourage you to apply early. This gives us more time to get to know you and your team.
I already submitted my application but need to make changes or update some information?
Before the final deadline, you are welcome to add information to your application. After submitting your application, you cannot change any information provided in the application, but you can provide updates in the f6s system on an on-going basis – and we encourage you to do so!
Where can I upload letters of recommendation/videos/attachments to my application?
Directly in the f6s platform – we prefer them in URL form.
Are the videos necessary?
The videos are not required in your application, but they are highly recommended. In lieu of a business plan, the videos are your opportunity to connect with the judges. See them as the vehicle for sharing, in your own voice, the story behind how you got started, how the product was conceived, your evaluation of the competitive market, your passion for the business, and how you would benefit from the Telluride Venture Accelerator experience. Videos are the easiest way for the judges to get a sense for you, your business, and your team. They also form the most lasting impression.
I forgot my password.
Contact us using the e-mail address you registered under and we can send it to you.
Should I be worried about protecting my intellectual property?
The Telluride Venture Accelerator is focused on keeping your intellectual property safe and secure. First and foremost, our application does not ask for proprietary information and there is no need for you to provide any should you chose not to. Secondly, nobody outside our accelerator will see any of the information you provide.
When should I expect to hear from you?
- Applications opened: September 2, 2014
- Application deadline: October 15, 2014
- Decisions announced on or around December 15, 2014
- Residential period in Telluride: February – June 2015
- Demo Day and roadshows – July 2015
What is the review process?
- Online application
- Staff sort
- Round 1 mentor/evaluator review
- Follow-up questions
- Round 2 mentor/evaluator review
- 5 minute phone call
- In person interviews
- The offer
If I don’t get accepted can I apply again?