Center for Black Innovation

Your Ideas. Accelerated.

CFBI is seeking talented black founders to join the first cohort of our pre-accelerator program.

Program Start:
April 2021

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Mission

The VC-in-Residence program is an inclusive entrepreneurship initiative that seeks to increase the number of minority-founded, venture-backed, high-growth businesses in the U.S. by identifying, cultivating and showcasing minority entrepreneurial talent; connecting this talent to investment opportunities; identifying and cultivating potential minority accredited investors; connecting minority accredited investors to local capital markets; and making targeted ecosystems inclusive and connected nationally.

Investor Readiness

Acquire your Digital Real Estate

We help our ventures create or improve websites that help promote and/or sell their products or services.

Expand your Market Strategy

Ventures who complete this program will walk out with a go to market strategy specific to their audience and a comprehensive digital marketing plan to make sure their audience feels their presence.

Go beyond a Pitch Deck

Pitching is only one part of the equation, we make sure you learn how to build relationships with investors.

Build a Business Foundation

A business plan is no longer enough to set a business up for success. Entrepreneurs must learn how to integrate data and technology to leverage more growth.

Program Schedule

Our program is broken into 8 weeks that focus on preparing you not only for VC funding but maximizing cusomter revenue so you can keep everything that you make.

  • Week 1

    Securing your Business Model

    Explore the basics of launching and scaling your startup. We’ll cover the fundamentals of business and explore business models being leveraged by startups across the globe.

  • Week 2

    Building a Boss Product/Service

    Being in business is all about building products your users love! We’ll explore the basics of product development, design, customer feedback, and iteration.

  • Week 3

    Acquiring Customers

    This week is all about refining your brand’s unique value proposition and creating strategies to marketing that idea to the world.

  • Week 4

    Business Ops 101

    From hiring to project management. Managing your operations sets your business up for greater success. We’ll be talking about building teams, management and leveraging data in your business.

  • Week 5

    Crafting a Narrative

    Win hearts, minds, and dollars with a compelling pitch and narrative for your venture. During this week entrepreneurs will learn how to craft their personal and startup narrative.

  • Week 6

    Generating Financing Options

    Accessing funding for your ideas will help lay the foundation for your success. We’ll cover due diligence, meeting investors, and negotiating equity.

  • Week 7

    Diving into your Industry

    Advantages for our businesses lie in understanding the contours of the industries we operate within. We will provide resources and advisors to help guide you into deeper domain knowledge depending on your chosen industry.

  • Week 8

    Grow Week

    We have put in a lot of work these last few weeks getting up to speed with every aspect of our business now it time to execute on your business and market strategy!

FAQ

Below are a list of frequently asked question

Our pre-accelerator program features a self-paced online course; weekly masterminds and mentor sessions. Programming will be up to 15 hours per week.

Participants in the pre-accelerator must have a registered business. The majority shareholders of that venture must be black entrepreneurs.

No! We hope to welcome founders from a wide range of industries to join our program.

Yes!

The Center for Black Innovation does not take equity nor provide funding for startups that participate in our pre-acelerator program.

Yes. All programming will be facilitated virtually.

Applicants are chosen based on the following criteria: quality of team, actual or potential impact, growth potential and alignment to the accelerator.

All decision will be sent by February 15, 2021. If you have questions about your application, feel free to reach out to us at info@cfbi.org

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Your business has potential.
Let us help you unlock it!

Apply Now