757 Accelerate Announces Its Economic Impact
757 Accelerate is proud to announce the record-breaking successes of its 11 alumni companies as detailed in its 2019 Impact Report. 757 Accelerate – a selective, mentor-driven, startup program providing promising founders $20,000 in capital without taking equity – ran its second 12-week course last fall, accelerating six more companies for a total of 11.
Based on the report, 757 Accelerate’s alumni have raised over $10 million of investment capital since they finished the program, far exceeding the national average of $250,000 per company or $2.75 million over the same time period. Equally exciting is that the 11 alumni companies have generated over $3.5 million in revenue and added more than 48 jobs to the regional economy.
“757 Accelerate helped us improve our business acumen, build our team and refine our sales process,” said Lee Lesley, Co-Founder of Addison Weeks. “The most important change for us, however, was the connections we made within the regional entrepreneurial ecosystem,” Lesley added.