In order to apply, your business must meet all of the following requirements:
- For-profit business
- Earned $25K+ in revenue over the last calendar year
- Located OR employs 50%+ of its workforce within the 9-county SF Bay Area
- Planning to raise money over the next 12-18 months
- Up-to-date on permits to operate
- No past or pending liens or lawsuits
- NOT in any of the following industries: Cannabis, Professional Services (e.g., consultant, doctor, lawyer)
- NOT a single-concept restaurant/retail store with one revenue stream (e.g., cafe, yoga studio). (To qualify, single-concept restaurant/retail stores must have demonstrable additional revenue channels e.g. income from current CPG products, more than one location, or franchise opportunities.)
Additionally, please be aware of the following:
- Eligibility to Apply: You (the applicant) must be an active co-founder of the company or a member of the management team with executive decision-making power. You must be able to fully participate in the program (~5 hours per week). Another team member may join you, but you cannot apply on someone else's behalf.
- Program Tracks: The ICA Fund Accelerator consists of a Lab Track and an Accelerator Track. ICA will decide your final placement in one of the tracks.
- Required Documents: In the case of acceptance, you will be required to submit founding documents as well as financial documents (P&L and Balance Sheets for 2022-2024 and 2025 YTD).
- Cost for Participation: There is no cost to participate in the Lab Track. To participate in the Accelerator Track, you will be required to sign a deferred equity warrant that grants ICA 1% deferred equity in your business.