Accelerators For Startups

COMPANY LETTERHEAD

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

ACCELERATOR PROGRAM AGREEMENT

This Accelerator Program Agreement ("Agreement") is entered into on this {{date}} by and between:

{{accelerator_name}}, a company duly incorporated under the laws of {{accelerator_jurisdiction}}, with its principal place of business at {{accelerator_address}} (hereinafter referred to as "Accelerator"); and

{{startup_name}}, a company duly incorporated under the laws of {{startup_jurisdiction}}, with its principal place of business at {{startup_address}} (hereinafter referred to as "Startup").

RECITALS

A. The Accelerator operates an intensive program designed to support and accelerate the growth of early-stage companies.

B. The Startup desires to participate in the Accelerator Program to benefit from mentorship, resources, and potential investment.

C. Subject to the terms and conditions of this Agreement, the Accelerator agrees to admit the Startup into its program and provide certain support, and the Startup agrees to grant an equity stake to the Accelerator.

PROGRAM PARTICIPATION

The Accelerator agrees to admit the Startup into its {{program_name}} program, commencing on {{program_start_date}} and concluding on {{program_end_date}}.

During the program duration, the Startup shall actively participate in all scheduled workshops, mentorship sessions, and presentations as reasonably required by the Accelerator.

The Startup shall dedicate {{percentage_time_commitment}}% of its team's time to program activities.

EQUITY INVESTMENT

In consideration for the Accelerator's services, resources, and potential seed funding, the Startup agrees to grant the Accelerator a {{equity_percentage}}% equity stake in the Startup.

This equity stake shall be in the form of {{type_of_equity}} (e.g., ordinary shares, convertible notes) and shall be subject to the terms of a separate Share Subscription Agreement or Convertible Note Agreement, to be executed concurrently herewith or shortly thereafter.

The post-money valuation of the Startup for the purpose of this equity stake is agreed to be {{valuation_amount}}.

SUPPORT AND RESOURCES

The Accelerator shall provide the Startup with access to:

a. Mentorship from experienced entrepreneurs and industry experts.

b. Office space and facilities at {{accelerator_location}} during the program period.

c. Access to the Accelerator's network of investors, partners, and service providers.

d. Educational workshops and training sessions on business development, marketing, finance, and legal matters.

REPRESENTATIONS AND WARRANTIES

Each party represents and warrants that it has the full power and authority to enter into and perform its obligations under this Agreement.

The Startup represents and warrants that it owns or has the necessary licenses to all intellectual property used in its business and that its activities do not infringe upon the rights of any third party.

CONFIDENTIALITY

Both parties agree to keep all confidential information, including but not limited to business plans, financial data, and intellectual property, disclosed during the program strictly confidential, for a period of {{confidentiality_period}} years after the termination of this Agreement.

This obligation of confidentiality shall not apply to information that is publicly available, independently developed, or required to be disclosed by law.

GOVERNING LAW AND DISPUTE RESOLUTION

This Agreement shall be governed by and construed in accordance with the laws of {{governing_law_jurisdiction}}.

Any dispute arising out of or in connection with this Agreement shall be submitted to mediation in {{mediation_city}}, failing which it shall be referred to arbitration in accordance with the rules of {{arbitration_institution}} sitting in {{arbitration_city}}.

ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written.

Any amendment to this Agreement must be in writing and signed by both parties.

SIGNATURES

IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.

FOR AND ON BEHALF OF {{accelerator_name}}:

_____________________________

Name: {{accelerator_signatory_name}}

Title: {{accelerator_signatory_title}}

FOR AND ON BEHALF OF {{startup_name}}:

_____________________________

Name: {{startup_signatory_name}}

Title: {{startup_signatory_title}}