The New Orleans Startup Fund, a nonprofit organization founded by local business and financial leaders to provide early-stage funding to businesses as they prepare to seek venture capital, plans to invest $50,000 in the top two participants of Propeller’s Growth Accelerator program.
Beginning in March, Propeller, a business incubator that focuses on ventures looking to tackle pressing issues facing New Orleans, will host the 12-week program to connect the region’s high-growth social ventures with industry resources that will allow them to grow.
The two funding recipients will each receive $25,000 through a peer-selected investment approach. All Accelerator participants will receive training in which they assess one another, provide feedback and collaborate together and with local experts.
The deadline to apply for the program is Feb. 1. Applications are considered on a rolling basis.