NextFab's RAPID Hardware Accelerator is a twelve-week program focused on helping hardware entrepreneurs jump-start their business by providing them with hands-on technical and business consulting. In addition to access to state‐of‐the‐art equipment, software, and training, NextFab will invest up to $25,000 in each of the four accepted teams.
Membership to NextFab state-of-the-art facilities for you and your team. You’ll gain access to experienced professionals and a community of creative entrepreneurs.
We invest up to $25k in each venture. In addition, we connect you with our network and share additional funding opportunities. There’s also opportunity for follow-on funding.
Workshops on Marketings & Sales, Launching a Crowdfunding Campaign, Product Development, Investment Readiness, IP Protection & Licensing.
NextFab's RAPID hardware accelerator program seeks hardware startups for its Spring 2020 cohort in Philadelphia. The 12-week program provides technical expertise, prototyping facilities, and introductions to resource providers. Unlike other accelerator programs, RAPID invests and supports only pre-seed stage hardware startups getting ready to commercialize their products.
Since the RAPID program’s inception in 2016, NextFab has made 31 investments in early-stage startups. Collectively, after graduating from the accelerator, these teams have raised over $8 million from angel investors, venture capitalists, and government grants.
We love helping hardware startups refine initial prototypes and complete product development. NextFab provides hands-on technical and business support to help you achieve product-market fit.
• Applications Open: Dec 13, 2019
• Application Deadline: Feb 14, 2020
• Phone Interviews: Feb 10 - Feb 21, 2020 (the sooner teams apply, the sooner we will interview them)
• In-person Meetings: Feb 24 - Mar 3, 2020
• Due Diligence: Mar 6, 2020
• Investor Presentations: Mar 9 - Mar 13, 2020
• Announce Teams: Mar 17, 2020
• Start of the Program: Mar 26, 2020
• Graduation: Jun 18, 2020