Five Reasons to Apply to ICA
You likely already know that ICA works with Bay Area entrepreneurs to provide coaching and access to capital to scale their businesses, build great teams, and create wealth for themselves and their workers. Our programs are deeply interconnected and provide tailored, expert advising, and access to the right type of financing your business needs.
There are two accelerator programs that serve companies at different stages of growth. The Lab at ICA, is designed to support high potential early stage businesses to stabilize, grow, and become capital ready. The Accelerator is designed to support high-potential businesses to strengthen their fundamentals and become investment-ready.
Whether you're thinking about joining The Lab at ICA or ready for The Accelerator at ICA, we've got your covered.
If you’re looking to take your business to the next level, but haven’t yet made the move to apply check out these 5 reasons why applying to the Accelerator at ICA is a great idea.
1. A proven track-record.
In the last 5 years, by launching The Accelerator at ICA and The Lab at ICA, we have supported more than 75 businesses to create and retain over 450 jobs and raise over $25,000,000 in growth capital. And in 2020, companies in the Accelerator grew their revenues by 10% year over year. And in this first year alone, almost 20 business have grown their companies in The Lab at ICA.
Whether you are raising growth capital, honing your growth strategy, or want help articulating why your company is investable and scalable, ICA has got you covered. Learn more about The Lab here, The Accelerator here, and if you're ready to join, Apply here!
above: Accelerator at ICA and Lab at ICA companies.
2. Access to capital!
ICA provides a continuum of coaching and capital to Bay Area entrepreneurs. Earlier this year we launched a brand-new seed capital product, investing in 6 women-of-color-run small businesses. To date, the Growth Fund has made 18 investments and all companies that finish our programs can be considered to receive funds. What’s more, 6 Accelerator alumni have received funding from ICA. (Funding is not guaranteed, but ICA program alumni receive priority in investment.)
3. An accelerator program to fit your needs.
ICA accelerator programs give entrepreneurs access to mentorship, community, and capital to help your business thrive. Program tracks available for early-stage and established high-potential companies, and between The Lab and The Accelerator, ICA is ready to serve your business no matter what stage your business is at.
above: The recipients of ICA's first-ever Seed Capital investments.
4. Because you believe in the power of small business to help close the the racial and gender wealth gaps.
63% of Accelerator companies are run by women and 67% are owned by People of Color. ICA exists to accelerate great businesses in order to close the racial and gender wealth gaps. While people of color, especially women of color, start businesses at higher rates than white people, they’re constrained by structural inequities and often overlooked by mainstream funders. Through ICA accelerator programs, ICA partners with, mentors, and invests in under-estimated entrepreneurs to do our part in building an economy that works for all.
5. Our network of Advisors.
The (not so) secret sauce of the ICA ecosystem, our advisors have your back! ICA’s work is made possible by the experienced pro bono advisors who meet your business where it’s at, and provide tailored advice and business support to help scale your business. ICA’s advisors are experts in their field and their know-how spans the gamut – from operations and growth strategy, to pitch coaching and marketing, to name just a few.
Once you’re accepted into The Accelerator, you’ll be paired with an advisor who will go deep with you, honing in on your business challenges, as you progress through the program. Check out some of the amazing advisors in The Accelerator here.
Don’t take our word for it!
We’ve had the privilege of working with some amazing entrepreneurs, and they've said some great things. Thank you Maria and Lila!
Working with ICA gave me broad tools that allowed me to analyze our company from different angles. It also helped me identify what kind of leader I was and what was my weakness. We really enjoyed the Accelerator and the special relationship with the hands-on ICA team. It is always good to know that there is a team that is willing to have your back.” — Maria Palacio, CEO of Progeny Coffee