Accelerators For Startups

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Accelerator Program Agreement

This Accelerator Program Agreement (hereinafter referred to as the “Agreement”) is entered into on this {{date}} day of {{month}}, {{year}}, by and between:

1. {{Accelerator_Company_Name}}, a company incorporated under the laws of {{Jurisdiction_of_Accelerator}}, with its registered office at {{Accelerator_Address}} (hereinafter referred to as the “Accelerator”); and

2. {{Startup_Company_Name}}, a company incorporated under the laws of {{Jurisdiction_of_Startup}}, with its registered office at {{Startup_Address}} (hereinafter referred to as the “Startup”).

The Accelerator and the Startup are hereinafter collectively referred to as the “Parties” and individually as a “Party.”

Program Overview

The Accelerator offers a structured program designed to support early-stage startups in their growth and development. The program includes mentorship, workshops, networking opportunities, and potential access to funding.

The Startup agrees to actively participate in all aspects of the Accelerator Program for a period of {{program_duration}} starting from {{program_start_date}}.

Equity and Investment (if applicable)

In consideration for the services provided by the Accelerator, the Startup agrees to grant the Accelerator an equity stake of {{equity_percentage}}% in the Startup.

This equity stake shall be granted in the form of {{type_of_shares}} shares and shall be subject to a vesting schedule of {{vesting_period}} years with a {{cliff_period}} cliff, commencing from the program start date.

Any direct investment by the Accelerator into the Startup will be subject to a separate investment agreement detailing terms such as the investment amount ({{investment_amount}}), valuation, and use of proceeds.

Mentorship and Support

The Accelerator will provide the Startup with access to experienced mentors and industry experts. The Startup agrees to actively engage with assigned mentors and participate in scheduled mentorship sessions.

The Accelerator will also provide access to its network of investors, corporate partners, and other relevant stakeholders.

Confidentiality

Both Parties agree to maintain the confidentiality of all proprietary and sensitive information disclosed during the program. This includes, but is not limited to, business plans, financial data, intellectual property, and trade secrets.

The confidentiality obligations shall survive the termination of this Agreement for a period of {{confidentiality_duration}} years.

Intellectual Property

All intellectual property developed by the Startup prior to or during the Accelerator Program shall remain the sole property of the Startup.

The Accelerator shall not claim any ownership rights over the Startup's intellectual property unless explicitly agreed upon in a separate written agreement.

Any intellectual property developed jointly by the Parties shall be subject to a separate joint ownership agreement.

Termination

This Agreement may be terminated by either Party with {{notice_period}} days' written notice.

The Accelerator may terminate this Agreement immediately in the event of a material breach by the Startup of the terms outlined herein, or if the Startup fails to meet agreed-upon milestones.

Upon termination, the Startup shall cease to use any resources or facilities provided by the Accelerator, and all outstanding obligations shall be settled.

Governing Law and Dispute Resolution

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

Any disputes arising out of or in connection with this Agreement shall be resolved through amicable negotiation. If a resolution cannot be reached, the dispute shall be submitted to mediation in accordance with the rules of {{Mediation_Body_Name}}.

If mediation is unsuccessful, the dispute shall be finally settled by arbitration in accordance with the rules of {{Arbitration_Body_Name}}, and the venue of arbitration shall be {{Arbitration_Venue}}.

Entire Agreement

This Agreement constitutes the entire understanding between the Parties and supersedes all prior discussions, negotiations, and agreements, whether oral or written, relating to the subject matter hereof.

Any amendments to this Agreement must be made in writing and signed by both Parties.

Signature Block

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

_____________________________

For: {{Accelerator_Company_Name}}

Name: {{Accelerator_Signatory_Name}}

Title: {{Accelerator_Signatory_Title}}

_____________________________

For: {{Startup_Company_Name}}

Name: {{Startup_Signatory_Name}}

Title: {{Startup_Signatory_Title}}