Alchemist Accelerator 🚀 Accelerator

What you get

Alchemist runs a six-month accelerator for companies that sell to enterprises. Its investment is optional: the page gives average proceeds of $30,000, net of the tuition fee offset, usually on a SAFE. Alchemist charges a programme "tuition" that it offsets with additional investment capital; the tuition amount is not stated.

In return it asks for a single-digit grant of common equity: "Most Alchemist companies grant 5.00% of equity," with flexible terms, and it may ask for a minority follow-on right. Besides the flagship programme it lists Alchemist Chicago, Alchemist Doha and Alchemist Japan.

Who qualifies

AI-SaaS and deeptech companies that make money from enterprise customers, whatever the business model. Teams of two or three are preferred; solo founders are accepted but held to a higher bar. You can be based anywhere, but the programme opens with an in-person week in the San Francisco Bay Area and encourages time there.

Good to know

• Deadlines are rolling; you hear back within three weeks of the deadline you applied against.
• Interviews are a 15-minute virtual panel.
• The 5% is common equity, separate from the investment.

Verdict

A focused option for enterprise and B2B founders. The cash is small relative to the equity, so you are paying mainly for the enterprise sales network and programme.

1. Read the flagship programme page.
2. Submit the online application via "Apply Now".
3. If invited, do the 15-minute virtual panel interview.
4. Expect a decision within three weeks of the deadline you applied against; questions to [email protected].