
Accelerate Long Island, Inc.
VC · Melville (United States)
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About
Accelerate Long Island, Inc. is an Accelerator specializing in startup technology companies. It promotes the creation of start-up companies primarily in information technology, life sciences/biotechnology, AI and energy in the United States. The investments are preferred to be made in New York with focus on Nassau, Suffolk, Duchess, Orange, Putnam, Rockland, Sullivan, Ulster and Westchester. The company focuses on accelerating the creation of an entrepreneurial ecosystem and promoting the region as a place where start-up companies can be successful. It offers Accelerate Funding, which includes a seed fund for early-stage companies; Accelerate Assist that builds teams of mentors, professional services, and MBA students around start-up companies; and Accelerate Ecosystem, which works to develop Long Island’s entrepreneurial ecosystem. The firm selects three teams per for 12-week program and typically invests $50,000 to each portfolio company. The investors in the program can take 5 percent stake in portfolio companies. Accelerate Long Island, Inc. was founded in 2011 and is based in Melville, New York.
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