place to launch your startup.
Source: Startup Genome
The Capital of Texas
Austin is the capital of the state of Texas. Texas boasts the 9th largest economy in the world.
Austin placed 20th out of global startup city rankings in 2021, fueled by a steady flow of founders migrating here. The local startup ecosystem in the first half of 2021 obliterated previous venture capital funding records, raising $1.5 billion in VC in the second quarter and $921.5 million in the first. The median seed round in Austin is $640K (global avg: $480K). The average investment per deal was $11.45M in 2019, up over 22% in 2018.
Is there a fee to apply?No.
What are the requirements?Visit our criteria section for a list of requirements.
If my home-base is outside the US, do I need to leave the US after I finish your program?"No. We purposefully select entrepreneurs who want to scale their business in the US and are committed to staying in the US beyond the IA program duration. We partner with the best immigration attorneys in Austin to help you obtain the most appropriate visa.
Why is your program 12 months long?If you’re a foreign-based startup, you need the first couple of months to deal with legal, immigration, relocating to Austin, and navigating a brand new market. It also takes some settling in when you uproot yourself and move to a new country. We want to make sure you have enough time to make significant strides and to realize the full benefits of the IA program.
How much funding and support do you offer?Our team helps to raise $500k via SAFE and/or convertible note throughout the course of your personalized acceleration program. Our goal is to give you the opportunity to completely focus on your startup without distractions and get you to the point where you are ready for further funding if needed.
How is IA different from other accelerators, incubators, angel investors, and VC firms?"We focus solely on identifying and engaging minority and/or foreign-born entrepreneurs. We provide the least cost to scale businesses in the US. We’re the perfect landing pad for foreign startups in the US market.