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Jones + Foster Accelerator Program

The startup process is messy and unpredictable—licensing intellectual property, producing a manufacture-ready prototype, lining up customers, raising money—all are critical and daunting. The Jones + Foster Accelerator program helps early-stage, student-led companies through those decisive first six months.

The Buerk Center for Entrepreneurship helps grow startups coming out of student work through the Hollomon Health Innovation Challenge, Alaska Airlines Environmental Innovation Challenge, Dempsey Startup Competition, or UW’s entrepreneurship coursework.

The Jones + Foster Accelerator program is supported by generous donors and sponsors. We do not take equity in our participating companies.

Jones + Foster Accelerator companies receive:

  • Mentoring from a committee of entrepreneurs and investors
  • Guidance creating a list of measurable milestones
  • Workshops on a variety of topics relevant to the companies in the program (raising money, developing customers, strategic thinking/planning, business sustainability, etc.)
  • Access to a new fund to assist with early-stage expenses (up to $1,000 per startup team)
  • Connections to the Seattle entrepreneurial community
  • Up to $25,000 in follow-on funding (if milestones are met)

If you’re serious about starting your company, and willing to devote the time and energy needed to get your startup off the ground, the Jones + Foster Accelerator may be for you!

Questions? Contact Sarah Studer at [email protected] or 206-616-3472.

Application

JFA 2020 Dates
The Jones + Foster Accelerator is a 6-month program that runs from July through January.
For 2020, the application deadline will be noon on Monday, June 29.

Applications will be reviewed by the core committee of Accelerator mentors. 10-12 companies will be invited for an interview/presentation (similar to an investor pitch). The companies will be notified within 24 after their interview if they have been accepted into the program.
Teams with a single member may apply, but are discouraged unless the entrepreneur has a serious plan for expanding the team appropriately.

Milestones

For early-stage companies, milestones work! It’s too easy for startups to get caught up with the “fun” stuff—ideation, creativity, logo design and networking events—and put the tough details on the back burner for another day. For the Accelerator, teams develop 7–10 reasonable, but measurable milestones they need to accomplish during the six month program. Possible milestones include: negotiating a license with UW CoMotion (UW tech transfer office), applying for and receiving additional research grant funding, producing a manufacture-ready prototype, collecting proof of concept data, launching a public beta model of the product/service, getting letters of intent from prospective customers, raising seed funding from investors, etc.

Teams also sign a Memo of Understanding (MOU), which outlines the milestones and key dates agreed upon by the team and the Buerk Center director. The MOU also contains an “understanding” that the company, if successful, will at some future date make a “pay it forward” gift to the Foster Accelerator fund to support future start-up teams.

Coaching and Mentoring

Each team is assigned an advisory committee of four or five experienced coaches who mentor them for the duration of the program. Every month the Accelerator companies meet with their advisory boards to review progress toward milestones, ask advice, request introductions, receive mentoring, etc. Our goal is to keep fledgling companies moving forward.

McAleer Early Start Fund

The Jones + Foster Accelerator offers the McAleer Early Start Fund to provide small awards to teams (up to $1,000) to help with on-demand expenses, e.g., patent filing fees, payment for initial inventory, web development fees, etc. Note that this fund is not for personal expenses.

Award Information

Teams have six months to accomplish their milestones. In early February each company presents its accomplishments to the advisory committee and the Accelerator committee. The evaluation group will recommend one of three courses: a February payout for the teams that have accomplished their milestones, no payout for the teams that have for one reason or another failed to make progress, or a 30–45 day extension for companies that are close to accomplishing their milestones. In that case, the payout will be made in March or April.

Awards range between $10,000 and $25,000 per start-up. Teams that accomplish their milestones, make the most progress, and seem the most capable of going forward receive higher awards. Please note: Each company must have three months of operating funds in the bank at the end of January to receive the award (i.e., if a company meets its milestones, but is out of money, an award will not be made). Awards are paid to companies, not individuals. The purpose of the award is to provide additional funding for the start-up and is not for personal use.

Any team based in Washington State who entered the 2019 Hollomon Health Innovation Challenge, Alaska Airlines Environmental Innovation Challenge or Dempsey Startup Competition can apply, regardless of home university or college. We also welcome applications from students who are involved in entrepreneurship activities at the University of Washington. For all eligibility questions, please contact Sarah Studer.

Teams must have students or recent graduates in key leadership roles and be 100% serious about starting their companies. To be considered a “recent graduate”, the student must have graduated in summer quarter 2018 or later to be considered.

Teams must also be prepared to commit to the six-month program beginning with the Welcome Week workshops July 29–August 2. Committee meetings will take place on the third week of each month, August through January.

Teams with a single member may apply, but are discouraged unless the entrepreneur has a serious plan for expanding the team appropriately.

To apply for the Jones + Foster Accelerator Program each company will submit the following:

  1. Accelerator Program Application.
  2. A 30- 60-second video to tell us why your company is a great fit for the program.
  3. A 3–5 page executive summary.
  4. A draft of the 7–10 milestones that your company plans to accomplish during the six-month program. Note: We will assist you with refining and completing your projected milestones before you begin the program.

Questions about your eligibility or the process? Contact Sarah Studer, assistant director, Dempsey Startup Competition and Jones + Foster Accelerator at 206-616-3742 or [email protected].

We admit one cohort per year into the Jones + Foster Accelerator Program. Teams meet with their advisory committee (program coaches/mentors) once a month for six months from August through January. The meetings are scheduled by the Buerk Center office and usually take place the third full week of each month on Tuesday, Wednesday, or Thursday.

Timeline

Date & Time Event
Friday, June 14 Applications Open
Monday, July 1 Application Deadline (12:00pm)
Thursday, July 11 Teams will be notified by 3:00 pm if they’re invited to interview.
Wednesday, July 17 Interviews of the top 10-12 teams. Teams notified by end of day if they’ve been admitted into the 2019 cohort.
Monday, July 29 – Friday, August 2 Welcome Week + Workshops
Week of August 5 Teams meet with Buerk Center Staff to review milestones
Week of August 12 First team/committee meetings (13th, 14th, 15th TBD).
Week of September 16 Team/committee meetings (17th, 18th, or 19th TBD).
Week of October 14 Team/committee meetings (15th, 6th, or 17th TBD).
Week of November 11 Team/committee meetings (12th, 13th, or 14th TBD).
Week of December 17 Team/committee meetings (17th, 18th, or 19th TBD).
Week of January 13 Final team/committee meetings (14th, 15th, or 16th TBD).
February 4, 2020 Final presentation to the Accelerator committee.

The coaches/mentors for the Jones + Foster Accelerator program are a dynamic group of entrepreneurs, investors and service providers from the Seattle entrepreneurial community. We have a committed group of mentors on the Accelerator advisory committee who have worked with the program since its inception. New mentors are added each year depending on the expertise needed for each start-up team.

2019 Accelerator Mentors

Adrian Smith, Ignition Capital

Alex Day, Modus

Alexa Anthony, Magic AI

Andy Boyer, Lenati

Ben Straughan, Perkins Coie

Bill Bromfield, Fenwick + West

Brian Glaister, Conflux Innovations

Brianna McDonald, Keiretsu Forum

Chris Howard, Medical Sensor Systems

Dan Sedlacek, Uphill Designs

Dave Roberts

David Smukowski, Whidbey Equity Group

Dierdre Madsen, Perkins Coie

Erik Baserman

Frank Paganelli, Lane Powell

Geoff Entress, Pioneer Square Labs

Greg Duff, Garvey Schubert Barer P.C.

Greg Newbloom, Membrion

Jesse Proudman, Strix Leviathan

Jilyne Higgins, Zgirls

John Hogan, Citation Management Group

John Sheppard, John Sheppard, LLC

Kirk Van Alstyne, Evolution Capital Advisers

Lisa Hjorten, Pacific Edge Properties

Liz Callahan, DreamClinic

Mallory Monahan, Uphill Designs

Mark Hamachek, Acclaro Growth Partners

Marty Collins, Zillow

Scott Kushino, IntelliSpex

Sean MacLeod, FenoLogica Biosciences Inc.

Terry Drayton, Livible

Troy Cichos, Madrona Venture Group

Troy Hartzell, Evolution Capital Advisors

Wini Jones, Fearless Leader, Inc

Accelerator Core Committee

The core committee works with the Buerk Center staff to select the teams to participate each year. The core committee consists of:

Adrian Smith, Ignition Capital

Bill Bromfield, Fenwick + West

Brian Glaister, Conflux Innovations

Geoff Entress, Pioneer Square Labs

Jesse Proudman, Strix Leviathan

Lisa Hjorten, Pacific Edge Properties

Liz Callahan, DreamClinic

Terry Drayton, Livible

Troy Cichos, Madrona Venture Group

The Jones + Foster Accelerator is made possible through the generous support of the Seattle entrepreneurial community—mentors, advisers, donors, and sponsors.

In addition to private donors who provide seed funding to the companies that successfully complete the program, the following have provided sponsorship for further program development:

Lane Powell and Frank Paganelli support the Welcome Week workshops and networking events.

Bill McAleer of Voyager Capital provides funding for the Early Start Expense Fund.

Galvanize and John Hogan of Gateway Capital made possible professional coworking space for the 2018 cohort of Accelerator teams.

Herbert B. Jones Foundation provides seed funding awards for teams completing the program.

Success stories

OlyKraut at Dempsey Startup Competition 2014
OlyKraut wins Good Food Award

OlyKraut (Jones + Foster Accelerator 2014) was one of eight Washington state products to win a coveted Good Food Award in January 2015

Learn more about OlyKraut

Uphill Designs
Uphill Designs takes trekking back to nature

Natural hiking gear company Uphill Designs (Jones + Foster Accelerator 2014) was recently profiled by startup news website Startup Hook.

Check out Uphill's website!

Read the The Jones + Foster Accelerator blog

Attend an event

Connect with the Buerk Center