ACT Tulsa is a joint venture between i2E and ACT House.
This 6-month cohort driven accelerator program is aimed at cultivating
and driving innovation of minority-led technology startups located in Tulsa.
This program is open to minority-led technology startups. The accelerator program is best suited for pre-revenue to early revenue-generating tech startups. Selected companies should have a founder and appropriate team members that are available to join all program elements of the ACT Tulsa cohort and are located in or can relocate to Tulsa, OK.
Cohorts will consist of 6-8 of the most promising startups around. ACT Tulsa will run two cohorts a year.
The accelerator runs for a period of 6 months, with digital workshops, programming, and mentorship taking place each week. The first 3 months are focused on implementation and acceleration while the last 3 months are focused on incubation and growth. As part of the ACT Tulsa Accelerator, selected founders outline the top technical challenges facing their startup, and are then paired with relevant mentors to help solve those challenges. Participating startups receive deep mentorship on technical challenges and how to commercialize and scale their startup, as well as connections to relevant corporations in Tulsa.
ACT House has partnered with i2E, a private not-for-profit corporation whose mission is to invest in entrepreneurs to build successful high-growth companies in Oklahoma. They achieve their mission by working directly with companies through programs like ACT Tulsa to commercialize their technologies, launch and grow new businesses, and access needed capital.
We invest $70,000 of non-dilutive, non-recourse capital in the form of a repayable award. The terms are simple: 0% interest, 0% equity, 1x payback after 18months so that another founder can have the same opportunity we gave you. We don’t take equity and we don’t take board seats in the companies participating in the accelerator, because we exist to raise the equity bar for underestimated founders and not only increase the value of your company but increase your ownership in it as well.
No, we won’t sign an NDA. No venture firm would at this stage. The informal commitment to confidentiality on our application form is more than any VC would make.