You're in for hard work, but we participate!
We work with startups in various ways. While our main program is the K5 launch session - a 3 1/2 month mentorship driven acceleration of your MVP to market- we do care and talk with many entrepreneurs. In fact, the road to a successfulI and sustainable startup launch is not predetermined or in a book. We recognize that exploration and conversations are a part of the roadmap entrepreneurs need to engage before a viable business concept shapes up. So please do talk and meet with us often and we hope that you will find it useful.
If you are selected to be part of the K5 Launch Session, congratulations! You are part of a small session of promising teams with ideas and products that will make a impact. Now, serious work starts... and we will do everything to help you with the challenges ahead.
Selected startups for the K5 Launch program will get many benefits, among which:
- Funding of up to $25,000 during the program
- Office space for the duration of the program
- Access to phone and internet and all utilities
- Constant mentorship by K5 partners, as well as a team of entrepreneurs in residence
- Access to a network of mentors, made of successful entrepreneurs and innovation professionals
- Specific training in Business model iteration, Customer development, Go-to-Market and Sales
- Partners perks up to $100,000 (hosting, technology, legal, accounting, marketing, PR, etc.)
Upon graduation, you will have the opportunity to present to a series of angels and VC investors. Graduates will also qualify for an additional $75k funding from K5 Ventures as well as other funding from K5 Partners.
The accelerator program is a unique opportunity for your startup. If you build something people want, this is the window of opportunity where it has the biggest chance to get traction, get funded, and build a product that will make an impact. We hope you'll understand that here, your time matters, and that you'll take the most out of it!
Remember that K5 Launch is an intensive 3 1/2-months full time program: you are going to war against time. You will have to be prepared to work hard and fast.
Telepayroll- Telepayroll offers a full range of payroll solutions. Realizing each customer is unique, we offer flexibility and a number of methods that best fir each company’s needs, staff, and involvement.
One year free payroll services for up to four employees - $700 dollar value
Trinet – Small to medium-sized businesses in technology, financial services, non-profits, and professional services use TriNet’s all-in-one solution for human resources, benefits, payroll, workers' compensation, and strategic human capital services.
K5 Launch companies receive 10% off TriNet's administrative services fee.
StraddlingYocca Carlson & Rauth, P.C - For K5 companies selecting Straddling as primary counsel, low fixed-fee C Corp formation services and comprehensive, high quality start-up document packages, with 100% of the legal fees deferred until you raise capital; as well as free help with financing strategy, investor introductions and a seed round term sheet.
Up to $10,000 in hourly fee discounts to all K5 participants.
RachSpace - Rackspace cloud hosting program for 12 months - $24,000
SendGrid – Sendgrid’s cloud-based email infrastructure relieves businesses of the costs and complexity of maintaining custom email systems.
Free Silver Account for 6 months - $500
PR & New Media
SmithFidler Communication - provide PR and outreach services for technology and other innovative companies, and the creative agencies who work with them.
High quality press and media relationship with up to $500 in fee discounts to all K5 participants. - $500
American Airlines- K5 participants Founders receive 10,000 Business ExtrAA points, which can be redeemed for up to 5 PlanAAhead® Awards for roundtrip Economy Class tickets within the Continental U.S., Canada, and Mexico.
Amazon Web Services (AWS) delivers a set of simple building block services that together form a reliable, scalable, and inexpensive computing platform "in the cloud" built upon the same technology that Amazon.come uses to run its global web properties.
$5,000 AWS credits valid for 2 years and one year of developer support.