Summer Accelerator Details
Eligibility
We are looking for serious entrepreneurs who are coachable, committed, available for the entire program, and open to new ideas. Additionally, at least one member on your team must be a BU student or recent alumni. The Summer Accelerator Program is advanced in nature and designed for student founders who are looking to take their ventures to the next level.
Application Process
The application period is split into two phases:
1) Early Decision Application (Closed)
2) Regular Decision Application: Due February 20
Early Decision Application: Due January 23, 2025.
During the early decision period, only teams that participate in the Innovation Pathway, or First-Year Innovation Fellowship are eligible to apply.
After all of the Early Decision applications have been reviewed, a select number of teams will be invited to an interview in late January or early February. Teams that do not receive an invitation may be invited to interview again during the regular decision period so that we can learn more about you and your team.
Regular Decision Application
Application window: January 23—February 20, 2025
If you do not participate in the above programs but meet the overall program eligibility criteria, you are invited to apply during this time.
After all of the Regular Decision applications have been reviewed, a select number of teams will be invited to an interview.
Apply for Regular Decision
FAQ’s
How far along does my startup need to be?
While having a prototype that’s been tested with customers would be ideal, it is not required. We place more emphasis on you and your team’s knowledge of the problem space and your eagerness to be part of the community and contribute to the cohort. We also value flexibility and openness to feedback, as you may find that you’ll need to pivot while in the program.
Do I need to have an entity? (LLC, S Corp, etc)
No, you don’t need to have a business entity unless you are taking on liabilities such as paying customers and fundraising. For the stipend, we can pay you directly or the entity.
Do I need to have a product and customers?
Teams that have an MVP that has been tested with customers have a better chance of being admitted to the accelerator. Paying customers is not a requirement to get into the program.
Do I need a team to apply? What if my startup is just me?
You do need a team consisting of you and at least one other person, and you must both work on the venture full-time during the duration of the program. There are some cases where solo founders are accepted into the program as well.
Is funding available through this program?
Yes! Each team receives a $10,000 stipend to work on their startup full-time.
What if I can't make all the dates?
All workshops and events are mandatory unless stated otherwise. If there is a conflict in which you are doing something to advance your venture (investor meetings, conferences, etc) you may be excused. This will be evaluated on a case-by-case basis and you must let the Program Director know at least 2 weeks in advance.
Can I do the program remotely?
No, this program must be completed in-person in Boston.
Who can I contact with questions?
Email Tom Samph, Program Director of Business Ventures, at tsamph@bu.edu.