757Accelerate-ImpactReport2019-R12

FROM OUR BOARD

Inclusive, Interconnected,
and Impactful.

757 Accelerate is part of a community of interconnected, inclusive, and impactful
entrepreneurial resources serving founders, investors, and the regional economy. With
eleven companies accelerated, over 680 hours of mentorship, and nearly 50 jobs created,
757 Accelerate has made an incredible impact in just two short years. 757 Accelerate
was born out of a collaboration between six cities, four universities, and the leadership
of TowneBank. Ferguson Ventures has since joined the coalition, underscoring the belief
that we are better together. We continue to focus on building an inclusive ecosystem that
supports the growth of all founders, including women, people of color, and military vets.
We are proud that well over half of 757 Accelerate’s companies have underrepresented
founders on their management teams, further illustrating that we drive greater impacts
when we leverage the power of the collective.

Monique Adams

757 ACCELERATE BOARD CHAIR

The last two years has been an amazing voyage filled with collaboration and community
creation. 757 Accelerate alumni have helped us exceed national averages for accelerators
and they are poised to continue their growth. We feel incredibly lucky to have played
a part in their entrepreneurial journey. By remaining true to our commitment to put
entrepreneurs first and give before we get, we have attracted committed mentors, active
investors, and strong community partners to drive real impact for our founders and the
regional economy. Thank you to the entire 757 Accelerate community for all you have
done to help us deliver for our founders and our region.

Evans McMillion

EXECUTIVE DIRECTOR

ACCELERATE | 1

IMPACT757 ACCELERATE’S

$1M $1M $1M $3.5M 
$1M $1M $1M
$1M $1M $1M Revenue in the $220K
$1M
Last 12 Months Zero-Equity
$10M Grants

Total Capital
Raised

male male male male male briefcas briefcas briefcas briefcas briefcas briefcas briefcas briefcas briefcas briefcas 11
male male male male male briefcas briefcas briefcas briefcas briefcas briefcas briefcas briefcas briefcas briefcas
briefcas briefcas briefcas briefcas briefcas briefcas briefcas briefcas briefcas briefcas Companies
70% briefcas briefcas briefcas briefcas briefcas briefcas briefcas briefcas briefcas briefcas Accelerated
briefcas briefcas briefcas briefcas briefcas briefcas briefcas briefcas
Underrepresented 
Founders 48
 
head-sid dis-daeh Jobs 
Created 30+
170+ Industries
user user user chalkboa Represented
Number of
Mentors 680 ACCELERATE | 2

Hours of
Mentorship

SFOPOUTNLDIGERHT

I am so glad that we were a part The team at 757 Accelerate and the
of the 2018 757 Accelerate cohort. regional ecosystem is committed
Growing to a national platform was to supporting the growth of its
not easy, but my 757 Accelerate founders first. We continue to rely on
Lead Mentor Jean Stallard was the 757 Accelerate staff and network
of great help. We are thrilled to as we grow our business.”
have her join the company and the
TeamingPro team. Special thanks to Tim Hagerty Josuel Placensia & Yulkendy Valdez
Evans and her wonderful team for
all of their support.” CEO, Teaming Pro Co-Founders, Forefront

Being a part of a 757 Accelerate The mentorship and connections
cohort gave me the mentorship, at 757 Accelerate were critical to
startup education, and mentors our business. We have completed
that I needed to push my business numerous customer pilots,
to the next level.” improved the quality of our team,
and raised over $4M in capital.
We could not have done it without
757 Accelerate.”

Chelsea Mandello Nate Fender

Founder, Troopster COO, Ario

We came into 757 Accelerate As part of the 757 Accelerate cohort,
seasoned in growing a traditional we improved our business acumen,
business, but not in building a startup. built out our team, and refined
The 757 Accelerate team and their our sales process, but the most
network of mentors, investors, and important change for us was the
subject matter experts helped us connections we made within the
crystallize our message and refine our regional entrepreneurial ecosystem.”
investor pitch.”

AK Schultz Lee Lesley

CEO, SVT Robotics Co-Founder, Addison Weeks

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ACCELERATOR PROGRAM

PBRENOEGFRITASM

$20,000 Seed Capital Engage Real Customers

Without Taking Equity to Validate Your Business

Connect to Mentors, 4 Demo Days With

Investors, Education, Early-Stage Investors
& Co-Working Space

TEAM REQUIREMENTS

We are committed to amassing all of our
resources to help you, and in exchange
we need you to agree to the following
eligibility requirements:

• C ommitted, full-time founder(s) willing
to relocate to Hampton Roads for the
3-month program

• Solving Disruptive Problems

• S calable with High-Growth Potential

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ACCELERATOR PROGRAM 2019

P2R0O20GRAM

757 Accelerate is a 3-month
selective startup accelerator program
providing founders with capital,
connections, and customers.

May 1 Fall Cohort
Applications Open

June 19 Fall Cohort
Applications Close

July 23 Fall Cohort Interviews

July 31 Fall Cohort Companies
Announced

Aug 24 Fall Cohort Begins

Nov 20 Fall Accelerator Ends

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ECOSYSTEM

“Entrepreneurship is a
community sport.”

Alec Whitters

CEO, HIGHER LEARNING TECHNOLOGIES

Successful entrepreneurial ecosystems are composed chiefly of people, places, and programs
that share an ethos of trust and collaboration. 757 Accelerate is one element of a larger regional
ecosystem of diverse entrepreneurs, talent, resources, capital, and community partners that
continue to illustrate that we burn brighter when we connect all of the elements together. JOIN US!

Accelerated eleven companies MENTORS
on their way to raising $10M in
Collaborated on
private capital. two investor pitch
days, including one at
Ranked in the top Amazon‘s new HQ2.
10 in the US, 757
Angels has invested

over $62M into
Virginia companies.

SPONSORS ENTREPRENEURS PARTNER
CITIES
Partnered to help over 45 Partnered to present the
founders engage in the critical RAISE Summit 2019 that Located within the iconic
brought together 250 women Assembly innovation hub, it will
customer discovery process. support 757 Angels, Accelerate,
for investor education. and 30 additional founders.

ACCELERATE | 6

PORTFOLIO

2018

Ario combines the power of scalable Dippy1 uses an SMS platform to help SVT Robotics‘ software platform
web and mobile technologies reimagine customer engagement provides the fastest, simplest way to
with augmented reality to provide for brands, by aiding in expanding a connect any company to any robot,
customers with tools to deliver expert brand‘s footprint inside and outside its enabling rapid development and
knowledge to their team when and stores to drive results. quick integration.
where it is needed most.

Teaming Pro‘s platform allows federal contractors to instantly Troopster has built an efficient e-commerce platform to send
access the best potential federal contracting teammates available customized care packages to military, healthcare workers, and
with just a few clicks, increasing time and budget efficiency. others serving on the frontlines wherever their work takes them.

2019

Addison Weeks designs and manufactures Forefront provides a new and better Metallum3D provides multi-material
decorative statement furniture hardware way for Black and Latinx college 3D printing products and services
and jewelry sought by high-end students to connect with top employers. allowing companies access to a metal,
decorators, hospitality, and consumers. With the help of your personal career ceramic, and plastic 3D printing that
Addison Weeks Hardware has gained assistant Carmen AI, users receive is faster and cheaper than currently
significant national notoriety for its personal coaching to help build a career available options.
distinctive design and accessibility. that is uniquely suited to their needs.

Nuekie is an innovative skincare Redactable is a cloud-based web Xperience Robotics has designed
company for people of color. Combining application that allows companies to and developed a wearable sensor
traditional African medicine and modern permanently redact their documents platform for physical rehabilitation
science, Nuekie has developed a line of without using downloads or plugins. focused on helping people with
effective products to meet the unique Redactable permanently deletes strokes, Parkinson‘s, and other
needs of ethnic skin. sensitive content, ensuring that movement challenges recover faster
confidential and privileged information and more effectively.
1Company no longer operating cannot be uncovered.
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THANK YOU
TO OUR SPONSORS AND PARTNERS

IN PARTNERSHIP WITH
PROUD MEMBER OF

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