AeroInnovate Virtual Accelerator Program Frequently Asked Questions
Do you take equity in my company?
We do not take equity in your company. Our goal is to help get your business on your feet. The money we give you will not need to be paid back to us.
What other perks or services does the AeroInnovate Accelerator provide?
The AeroInnovate Accelerator offers highly customized support to help take your company to the next level. Not only do we have access to mentors in aviation and aerospace, but we also have interns and UW Oshkosh faculty to offer their assistance and wide range of expertise. Our team can assist in the development of a marketing strategy, materials and market research through our in-house research center. During Pitch Camp we will prepare you to pitch your company to investors and industry leaders at the Pitch and Mingle event, the largest gathering of aerospace investors. You will also have the opportunity to showcase your company with premier exhibit space at EAA’s AirVenture.
Do you accept companies that are competitive with each other?
Not in the same class, but otherwise, yes.
Will you accept companies from outside of the United States?
How do you choose which companies to accept into the program?
We are looking for early stage companies in aviation or aerospace which have significant growth potential. We have a panel of reviewers who will evaluate your application looking specifically at the idea, the market, and the team.
Do all companies accepted into the program receive funding?
What stage of companies are you looking for?
We typically look for seed or early stage companies, but later stage companies may be a good fit for the program also. It depends on whether we feel what our program offers will truly benefit your business.
What is Pitch Camp?
Pitch Camp is a intensive two day experience to perfect your pitch. The weekend prior to AirVenture (Friday evening July 22-Sunday afternoon July 24), we will work with you on your executive summary, your pitch deck and your pitch itself. You will have the opportunity to have a “dress rehearsal” of your pitch in front of Angels on the Water, an angel investment fund based in Oshkosh.
What is Pitch and Mingle?
This is where you officially introduce your company. You will have the opportunity to pitch to investors, key players in the aviation industry, media and potential customers at AirVenture (July 21st-23rd).
When is the application deadline?
April 14, 2017
When will I hear if I have been accepted?
We will make decisions about applications by May 6, 2017, which is three weeks prior to the program starting.
When does the program start?
June 3, 2017
What are my responsibilities during the program?
During the program, you must commit to working on your business in your home location. There will be virtual calls twice weekly which you must participate in. We have an online community set up which all AeroInnovate companies have access to. You’re encouraged to interact with your fellow entrepreneurs. You must also prepare materials for your booth at AirVenture (we can help you with this). You must also participate in Pitch Camp and Pitch and Mingle and be in Oshkosh from July 22-July 31.
What are my responsibilities after the program?
There are periodic reports we will ask of you, which updates us on the progress of your business, including financial information, if you have received any follow on funding, how many employees you have and the like. This information assists us in developing a strong program by tracking our impact. Details on this will be provided at the start of the program.