PSL Accelerator

For the community, by the community. We do not take equity; we only provide value.


January - April, 2018

The PSL Startup Accelerator takes place on Tuesday's and Thursday's from 6-8pm at Benjamin's Desk at Washington Square.

Program Cost: $250 per team (to be paid once you've been accepted into the program)

Application Deadline: October 31, 11:59pm

About the PSL Accelerator

What is it?

The PSL Accelerator is a 12 week program that empowers Philly's promising founders and early-stage startups to realize their vision. Each week, we guide local startups through the tough transition between business development and sales. We arm entrepreneurs with the knowledge, tools, and mentors they need to keep improving their business, while providing a safe environment where they can fail, pivot, and struggle through growing pains. Our mission is to develop talented local entrepreneurs which in turn will help to grow a robust and thriving tech community in Philadelphia.

Who is it for?

This program is a fast track for local Philadelphia startups focused on moving forward with an MVP, identifying product market fit and making their first crucial sales. This program is ideal for full time founders who plan on rooting themselves in Philadelphia and building their company here long term.

What will you get out of it?

We provide value through weekly sessions from local leaders, support from a cohort of peers and connections to additional community resources. You will be matched with strategic mentors, attend sessions led by some of Philly tech's brightest, set goals and track metrics throughout. The program will ultimately end with Demo Day where the companies will pitch to 150+ investors and community members.

Program Overview

A Community

So you can network with peers and access co-working spaces at Benjamin's Desk.

Mentors

Who offer bi-weekly personalized coaching.

Weekly Gatherings

For office hours, workshops and speaker sessions lead by community members.

A Demo Day

Where you’ll present your company to 150+ local investors and community members.

Curriculum We Cover

  • Setting goals and tracking metrics
  • Market research
  • Customer discovery
  • Product mapping & design
  • Product marketing & launch
  • Business modeling and lean thinking
  • Financial modeling
  • General company operations
  • Team building
  • Fundraising

FAQ

Q: How much time each week will I spend on accelerator-related activities?
You'll spend two hours on educational programming each week and one hour with your team's mentor every other week. The rest of the time is spent building your company.
Q: How many companies will be accepted into the program?
8
Q: Do I have to give up any equity?
No
Q: Will we receive any funding?
Not from the accelerator; however, you will develop strategies and tactics for pitching to investors. The program also includes a demo day where teams will pitch to local investors.
Q: Will you sign an NDA? How do I know you won't steal my idea?
Just like other accelerators and VC firms, we do not sign NDAs. We will respect the confidentiality of your venture / idea.
Q: We've been working on our startup for awhile. Is the accelerator appropriate for us?
We are happy to work with more established startups. In fact, you are required to have a product or at least an MVP that's ready to market and iterate on.
Q: Do I have to be in the Philly area?
Yes, all of the events will take place in Philly, and we don't have a way for people to participate remotely.
Q: Does our company need to be incorporated?
No, the current legal status of your startup does not matter to us.
Q: Where will the events take place?
Events will mainly take place at Benjamin's Desk Washington Square (7th & Walnut).
Q: Do I need co-founders?
Teams of two or more are more likely to succeed, and that's what we recommend for startups.
Q: What is the timeline of the program?
Applications will be accepted starting Oct 1 and ending Nov 1, interviews will take place Nov 13-30, and classes will take place from Jan 16 through Apr 3.

Testimonials

"The Accelerator was an awesome group of founders and mentors working together. In collaboration with the PSL team, we identified a sales strategy that increased our MRR by 500%. We still use this strategy today." Jeremy Peskin, CEO of Borderwise
"The previous Fishbox pricing model wasn't working. Because my mentor had experience with the same issue at his current company, he recommended a change that simplified things. That update led to a 20% increase in MRR." Napoleon Suarez, CEO of Fishbox
"The PSL Accelerator made me accountable, on a weekly basis, to work towards a goal that was designed to improve and grow my business. PSL is an amazing and supportive community to be a part of." Debbie Schwartz, CEO of College Money Search
"We launched our product half way through the Accelerator. We got the opportunity to speak with investors and receive strategic insights, and more importantly we made connections with the rest of the Accelerator companies!" Danish Dhamani, CEO of Orai
"The PSL Accelerator was and will continue to be one of the greatest catalysts of our organization's growth. The in-depth exposure to local and far-reaching entrepreneurs and financiers offered perspective, encouragement, and best approaches." Mark Switaj, CEO of Roundtrip

Program Cost: $250 per team (to be paid once you've been accepted into the program)

Application Deadline: October 31, 11:59pm

To learn more about Philly Startup Leaders, please visit http://phillystartupleaders.org

Further questions? Contact programming@phillystartupleaders.org

PSL Accelerator Sponsors