Join our 2018 cohort
We’re looking for innovative firms who are serious about scaling up. Firms that graduate from an accelerator have a higher rate of survival, and are more likely to receive additional investment—about 30% of firms graduating from a GAN-member accelerator receive second round investment, at an average of $1.9m. In addition to this possibility, you’ll receive mentoring and relationships with corporations, utilities, and experienced entrepreneurs.
Each firm admitted to the Customer Discovery Track receives:
Up to $75,000 cash investment in exchange for 1-6% equity stake.
120 days of intensive, hands-on guidance to validate your business model, define your markets, and develop your product.
A workplace at Anchorage’s hip co-working space, The Boardroom.
Access to our network of experienced mentors, subject matter experts, and angel investors.
Ongoing "aftercare" for continued support after Demo Day.
Opportunity to pitch your company to investors at Demo Day in June, 2018.
Who Should Apply?
We focus on scaleable, high-growth companies that are engaged in some facet of the energy industry, or have some technology with applications for the arctic. We want companies that are highly motivated and committed to their mission, with a viable product and a willingness to accept constructive criticism from mentors.
Requirements to Apply
Prototype: We prefer companies to have a functioning product or service, or one that that can be developed by the end of the program.
Full participation of at least two team members: Participation of two or more team members in the program leads to greater success in the program. The CEO and additional team member must be present in-person during program Summits listed at the bottom of this page.
U.S. entity: International applicants are welcome, but must establish a U.S. entity in order to participate.
For-profit: We invest in scalable, for-profit companies.
Customer Discovery Track: This track is for early stage companies raising an angel or seed round. The program is four months in length and provides hand-on guidance.
Validation Track: This track is for companies raising a series A to C round. The program is year-round, and is focused on deploying demonstration projects to validate business models.
what we look for
Team: We want exceptional teams that are dedicated and have a track record of success. Applicants should highlight their diversity in backgrounds, ability to execute, and industry experience. We also test companies on their coach-ability in later application stages.
Investment Attractiveness: We look for companies with a clear path to profitability and a realistic exit strategy.
Technology: Innovative technologies that have the potential to make a 10x improvement in process, speed or function.
Alaska/Arctic Fit: We want to invest in companies that are solving one or more of Alaska’s challenges.
Scalability: We look for companies that have demonstrated traction in the market and have strong commercial potential. We evaluate a company’s cost structure, revenue model, product-market fit, value proposition, competitive landscape, and market size. Companies should highlight how they have tested their assumptions to validate their model.
Application Process & Dates
Online applications open July 3, 2017
Q&A webinar July 12, 2017 from 11 am - 12 pm AKDT
Q&A webinar July 28, 2017 from 10 - 11 am AKDT
Online applications close August 6, 2017 at 11:59 pm AKDT
Notification of acceptance into Round 2 August 21, 2017
Q&A office hours October 8 and September 12, 2017
Round 2 materials due September 17, 2017 at 11:59 pm AKDT
Notification of acceptance into Round 3 October 6, 2017
Interviews October 23 - November 3, 2017
Notification of acceptance into accelerator January, 2018
Program begins in March, 2018.