Accelerator Frequently Asked Questions
Does SOA provide startups with funding?
Upon acceptance into the accelerator, startups receive initial investment in order to help cover the costs of relocation to San Francisco for the duration of the 12-week accelerator program. Startups will also have the opportunity to receive up to 150k in additional investment upon the completion of specific milestones.
Does SOA take equity in startups?
Yes, we provide funding to startups in exchange for equity.
Is there a fee to join the SOA accelerator program?
No, SOA is funded through sponsorships so that we can provide support to startups at no additional cost.
What kind of support can I expect to receive during the program?
Throughout the program, startups receive guidance from SOA’s community as they engage with mentors, partners, and investors to achieve their goals. The accelerator will also present founders with a rigorous curriculum that encourages personal development and executive training.
What kind of startups does SOA accept into the accelerator program?
The ocean is under unprecedented pressure - depleted fisheries, plastic pollution, habitat destruction, and a variety of human activities threaten the economic vitality and ecological stability of the ocean. SOA works with for-profit youth led startups building scalable solutions to meet these challenges head-on.
What stage companies do you work with?
SOA works with pre-seed to seed stage startup companies.
Do I have to attend the full 12-week program in the San francisco Bay Area?
Yes, at least one member from the founding team must be present for the 12-week accelerator program. The program features curriculum designed to take your company to the next level and is required. However, SOA will provide initial investment to cover costs of the 12-week relocation.
Do I have to be from the United States to apply?
No, the ocean’s biggest problems are global problems and we are looking for entrepreneurs from all around the world to join our program and build solutions.
Does SOA provide startups with office space?
Yes, SOA will provide office space in the San Francisco Bay Area during the 12-week accelerator program.
Do I have to be a member of the SOA Youth Leader community to apply?
No, we encourage everyone to apply. You will be required to join the SOA community upon acceptance into the program.