NEWARK ACCELERATOR POOL
Q: What is the Newark Accelerator Pool?
A: It's a pool of money that supplements the entrepreneur's own crowdfunding efforts. Crowdfunding is dependent upon the entrepreneur's FFFs (friends, family, and followers) chipping in, and most of us don't have a rich network, so the pool
equalizes the funding playing field.
Q: How do you decide who gets a grant?
A: A mix of quantitative and qualitative metrics: Quantitative: 30% of goal achieved within the first 20% of the campaign Qualitative: Excellent product and entrepreneur, but has an economically challenged FFF network.
Q: Who can contribute to the pool?
A: Brands and individuals, of all shapes and sizes, who care about female entrepreneurship. The more you give, the more recognition you will receive.
Q: What's the fine print?
A: The entrepreneurs receive all of your contribution minus crowdfunding fees (credit card processing and iFundWomen fee).