The UCLA Anderson Venture Accelerator offers two-month and four-month programs that provide resources such as working space, exposure to prospective investors, and general guidance to startups. The program is part of the Harold and Pauline Price Center for Entrepreneurship and Innovation, which specializes in entrepreneurial education and research. The Anderson Venture Accelerator is located on the first floor of the Rosenfeld Library at the UCLA Anderson School of Management. The Anderson Venture Accelerator focuses on startups in the following fields:
- Enterprise technology
- Life sciences and digital health
- Consumer packaged goods
- Consumer digital
- AI and machine learning
- Real estate
The Two Month Activate Program is a two-month summer program that supports idea-stage and prototype-stage startups in taking the first steps towards establishing a venture. Applications for the program open in April each year for all enrolled UCLA students as well as alumni. The summer incubator aims to help first-time founders validate the value proposition of a product or service and determine the customer segment that it should be marketed to. When the incubator program is completed, founders develop a minimum viable product (MVP) and are eligible to apply to the winter four-month Accelerator program that runs from February to June.
The four-month Accelerate program accepts ten to twelve companies per cohort. The program runs once a year and offers one-on-one mentoring by UCLA Anderson alumni, weekly workshops, connections to capital, and regular networking events. Moreover, companies that participate in the cohort are given the opportunity to pitch and fundraise at the Venture Accelerator’s showcase that takes place in fall. Application for the Accelerate program opens in the fall to all startups in the Los Angeles venture ecosystem.
The minimal requirement to qualify for the program is for a startup to have a prototype of its product, but preference is given to companies that are already launched and operational. The objective is to accelerate startups from the pre-seed to the seed stage of funding. The following minimum benchmarks must be satisfied to be eligible for the program:
- The company must be working full time on its venture, with at least two or three members covering the areas of business, technology, and operations.
- The company must be at the prototype stage and have a proven concept for product-market fit.
- The company must have gained traction or validation in terms of monthly recurring revenue, users and/or funding.
Startups participating in the UCLA Anderson Venture Accelerator receive curated programs that offer industry speaker events on a weekly basis and access to an Entrepreneur-in-Residence (EIR) during office hours. Startups can also benefit from exposure to potential funders across the Los Angeles venture capital and Anderson's alumni networks, along with curated introductions to business leaders in the area's venture community. Industry speakers host workshops regarding the legal, marketing, PR, sales, product development, and fundraising aspects of starting a business. Anderson Venture Accelerator's facilities are accessible to participants twenty-four hours a day, seven days a week. These facilities include:
- 10,000 square feet of co-working space
- One pitch deck room
- Six call rooms
- Eight large conference rooms
- One kitchen
- 4,000 square feet of general co-working space
- Mondo video screens for presentations to large audiences
As of 2021, UCLA Anderson Venture Accelerator had seventy-three companies in its portfolio, $43 million dollars in sales revenue, $144 million in funding raised, $3.3 million received in awards, and two acquisitions.