Please read the following prior to contacting us
We are the first open innovation accelerator in Silicon Valley that fills the gap of gaining traction. We build your product (Pre-Accelerator), help launch it to gain the one traction that makes you viable (Post-Accelerator), and support you from Seed to Series B or through Exit; while providing investments and access to Fotune 500 Clients.
Read Accelerator Gaps Coverage: Harvard Business Review
We accept local and global startups (Software and Hardware) with innovative ideas that solve real problems with impact, targeting large markets across industries B2B, B2C, and C2C (we do not accept gaming, gambling, products and services that are regulated or benefit individuals instead of society as a whole). The startup must have a team with proven ability to execute, and are coachable (missionaries not mercenaries attitude).
Since our program is disruptive, it runs globally both virtually and On-site (upon investments will assign select startups to the nearest partners space). Unlike the typical accelerator one-size-fits-all curriculum, we collaborate with the founders to build their startups organically, with access to a global team of 300 mentor experts and over 1,000 engineers along Fortune 500 Companies Clients (will introduce you to become your partner, investor or client upon graduation on a one-to-one demo session).
Given the high volume of applicants we do not contact rejected applicants, our program has three vetting gates for accepted startups: A: Applicants must complete their application and access our online program through the Investment page. B: You must complete all program deliverables within 60 days or less and store them in your public cloud. C: Upon your application acceptance will start recommending you to both corporate clients and investors and if there is interest, we will reach out to you for an interview (Review your deliverables for graduation), introduce you to corporate clients and potentially both offer you our investment along access to our Tech Labs engineers and asigned advisors to help you accelerate your launch or growth stage.
No. We do not allow applicants to interview our startups who are extremely busy with their execution, beside each startup experience is unique and may be less relevant to yours where success is really contingent on your team focus and talent to execute. Additionally we do not disclose specific startup funding due to various confidentiality agreements, but we share featured startups, along our overall portfolio growth and valuation as listed on our home and press page.
There are two ways you can apply. Apply online from the Investment page, or through our hackathons page "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 accepted startups that shows strong level of commitment in building 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 (Palo Alto), minutes from top VCs and Stanford, with satellite teams located in San Francisco, Los Angeles, New York 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 growth 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 as a warrant option) 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 investors 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 for $300k 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 over 100 startups per batch. We are in our third year batches and have specific review 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 and gain market fit.
Since we are not a broker dealer, we do not offer fundraising as a services or for a fee. Our Growth Program is designed to drive your customers acquisition (who may become your investors). Our Growth program is designed for late stage startups and does not require you to join the formal program (contigent on meeting our pre-requisite), if thats the case simply apply through our investment page (if we generate paid clients, we may invest as well).
Your upfront cost is $0, but we take incentives as a right to invest contingent on your post-graduation funding of $1 million +, and success fee on each paid clients (outlined in your program terms). Which aligns our future goals. dditional usage-based service fees may apply depending on the subscribed program and your startup need (i.e. development engineers, growth hacking etc.), to strengthen the founders unwavering commitment to their startups.
We provide 3 programs to fit your needs: The Innovate Program (up to 3 months) focuses on building your sponsored Product/Beta. The Launch Program (up 3 months) focuses on getting traction and post-graduation funding, and the Growth Program (6 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 initially (will assign support once we invest), 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 Investment 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).
Our demo day are closed to the public or investors and open exclusively to Fortune 500 Clients. 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 work with top law firms and if warranted we may cover your patents cost).
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 over $250k exclusive and free package once you get invited to use our tech 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 based on your ip by our engineers would be owned by you.
Yes. This service is offered through approved partners for graduate of 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 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.