The program, announced in fall 2020 accepting six founders into its first cohort, is designed to boost early stage, scalable for-profit startups and companies that directly and positively impact underserved communities. The DEI Accelerator includes an eight-week business development program focused on supporting entrepreneurs from marginalized communities. Founders accepted in the first round of funding receive $50,000 in non-dilutive capital to support their businesses. They are also given access to a business development course, mentors, paid UMSL student interns, assistance with grant applications, technology support and incubator space.
The first year of the program will conclude in March 2021 with a demo day, allowing founders to showcase their businesses to community members, UMSL students and faculty and potential investors.
Article announcing new DEI Accelerator