Please read the following prior to contacting us
We are the first open innovation accelerator in Silicon Valley that fills the gaps by focusing on innovation, and helps founders build viable businesses. We provide a 360-degree guided execution program for startups. We build your product (Pre-Accelerator), help launch it to gain traction (Post-Accelerator), support you during fundraising (from Seed to Series B) and Exit through early acquisition; while providing access to Fotune 500 Paid Clients.
Read Accelerator Gaps Coverage: Harvard Business Review
We accept local and global startups with innovative ideas that solve real problems, targeting large markets across industries B2B, B2C, and C2C (we do not accept gaming, entertainment and regulated products or services). The startup must have a team with proven ability to execute, and is coachable (missionaries not mercenaries attitude).
Our program runs both On-Site and virtual (On-site open to select startups and upon funding only). Unlike the typical accelerator one-size-fits-all curriculum, we collaborate with the founders to build their startups organically, with access to a team of 300 mentor experts and over 1,000 engineers along Fortune 500 companies Partners.
Given the high volume of applicants, we only reach out to pre-accepted applicants within 30 days of each batch. If you have not heard from us after 30 days, we recommend that you re-apply after you gain further progress. The Program help you close the gaps preventing you from gaining funding or traction. You can view the Program: Here
Yes. Simply visit our home page under our Portfolio section to view featured startups and founder testimonials or the labs page. We do not allow applicants to interview our startups who are extremely busy with their execution.Each startup experience is unique and may be less relevant to yours. We do not disclose full portfolio or specific startup funding due to confidentiality agreements, but we share the growing overall portfolio valuation as listed on our homepage.
There are two ways you can apply. Apply online from the Startup page, or through our hackathons "if you have an idea only". We will carefully review all applications and proceed forward when we feel there is a match. Additionally, see our criteria on the top left, and browse our website to get familiar with our program. We only contact pre-accepted startups to assess their potential and level of commitment in building a viable business.
Simply attend as instructed, please avoid asking questions already been covered within our site, and do not contact other team members or mentors beside your assigned interviewer. If rejected, work on closing the gaps and reapply in the future.
Our core team is based in the heart of Silicon Valley, minutes from top VCs and Stanford, with satellite teams located in San Francisco, Los Angeles, New York, Boston and across the US, Canada, Europe and Asia.Two-thirds of our startups are virtual and located globally, one-third are US-based at our partners co-working space. Visits to our locations are by appointment only (typically open for investors, partners or late stage startups) because the majority of our startups work either virtually or at our partners' sites, our space is closed to the public (like any other top accelerator).
We do not take equity (beside the right to invest) and cannot guarantee funding, which is open to all startups that completed the program, received a graduation report with relevant market traction, contingent on your performance during the program and post-graduation. All investments take the form of a convertible note and come from either our own syndicated fund or our investor network; involving one or more accredited investors, where they invest for perceived future value that only your team can create, and is within your control. With OneTraction as a vested partner in your interest, our job is to guide you through the complexities of funding to ensure you get funded at the best terms from to $10k to $250k or more. Upon graduation you will have access to sample term sheets that outline our terms. If you have not received funding post-graduation, continue building your startup and upon noticable traction we will reach out to you with a term sheet, we are here to help you as your long term partner (not just upon graduation).
Our program can accommodate up to 100 startups per batch. We are in our third year batches and have specific enrollment dates, but will take qualified applicants based on waiting seniority. We have several funded startups in the program at various stages (just enrolled to alumni). Some have successfully raised $10m+ funding, and others are working on their fundraising or are self-funded. Funding is contingent on how fast each startup demonstrates its ability to innovate, build a strong team and acquire traction.
Unless you raised a double-digit Series A with a strong team and traction, you do need the support of an accelerator. Most founders focus too much on funding and miss the valuable time to build the right product for the right customers who are willing to pay, and therefore are your best investors during the seed stage. There are also instances where founders have a truly disruptive technology with traction and a strong team; as an exception we may consider them for early acquisition (in this case simply apply for our Growth Program through the Startup page).
We take an incentive as a right to invest contingent on your post-graduation funding, which aligns our future goals. Additional usage-based service fees may apply depending on the subscribed program and your startup need (i.e. dedicated advisors, development engineers, UI/UX designer etc.), to strengthen the founders unwavering commitment to their startups.
We provide 3 programs to fit your needs: The Innovate Program (2 months) focuses on building your Product/MVP. The Launch Program (2 months) focuses on getting traction and post-graduation funding, and the Growth Program (3 months) focuses on gaining revenues and funding up to Series B or been acquired. After your graduation and confirmed investment, you will have weekly interactions with our advisors and mentors to review your progress and help guide you through any issue or ambiguity. The Program is Do-It-Yourself and you should plan 10 to 20 hours per week (tasks can be split among founders). Please review the program content link listed on the Startup page to view the summary of our programs. Complete program manuals will be provided upon submission of your application (you will see a confirmation message with instruction). Please keep all program deliverables in a public cloud, we will contact you for graduation review only if you get selected for investment opportunity.
Our demo day are closed to the public or investors and open exclusively to Fortune 500 partners. Due to overwhelming demand, participation of mentors, speakers, and investors are by invitation only. However, referrals are always welcomed through existing members already affiliated with OneTraction. Visit our Mentors page and click on Join our network.
We handle confidential information in the same way any other investment entity does, we do not sign any NDA and neither do our investors, advisors, mentors or partners. Please remember that startups are about execution, not just ideas. We recommend you keep all confidential information within your team and never share it with us or our mentors and investors.
We can build any technology from software to mobile, IoT or hardware for any stage from beta to commercial stage. Our cloud-based services are located within tier-one partners such as Amazon, Microsoft, Google, IBM and other private clouds, located inside the US border. You will have acess to exclusive package once you start using our labs.
The commercial technology is owned by its respective owners and licensed to you. The open source software in your system is licensed to you from our partners.Any other part build strictly to you by our engineers would be owned by you.
Yes. This service is offered through approved partners for graduate of the Launch Program. It can be paid of your mobile app sales, licensing or through top influencers with large followers who potentially tweet or post on your social media pages. Some influencers may have 10 million or more followers, and some additional services may have extra fees per usage basis. We will reach out to you if you quality.
No. You can attend from your home country or visit the US as long you are not doing actual work for pay. We do not offer visa sponsorship at this time.
I already joined or graduated from another accelerator, can I still join your program? What if I quit?
Unlike other accelerators who lock you with their exclusivity, our program is non-exclusive and open for you to join us from any other accelerator. You are free to quit for any reason. Our program is designed to complement other accelerators and does not replicate their offering. You are obligated to comply with our terms of services, including payment of all service fees due where applicable, which are non-refundable and will not be pro-rated.
Yes. We can help you reach out to top advertisers to pay you for ads posted on your website or mobile app. These services are part of our Launch Program and can expand your reach to thousands of advertisers.
Yes. Our program is incentive-based with generous rewards. Simply apply from our homepage in the footer section, read program overview listed within the application (you can start earning immediatly).
If you are an applicant, please refrain from doing so until you receive a request from us or been invited for an investment interview. During which, we will be happy to answer all your questions. If you have a non-applicant related questions, please visit the homepage / Contact Us in the footer, and state - Non-Applicant question in the subject.
Unfortunately, our focus is to ensure our current portfolio startups become viable and successful, we do not waste our resources on negative energy, where almost each negative posting is generated by either: an applicant who was never accepted, a rejected applicant after interview, or a dismissed startup from our program due to mediocre execution and their inability to progress toward graduation and funding as per our program guidelines.
Most famous mentors or investors are available through their respective V.C organizations, and have a discretion to select which startups they prefer to sponsor, which limits their availability. We will be happy to introduce you to remaining mentors or investors, based on your startup industry focus, and upon showing tangible progress post-graduation. Each mentor / investor reserves the right to accept or decline your request.