Program Overview

The USG Equity Incubator is an 8-week accelerator boot camp program designed to help local entrepreneurs kick-start their businesses, bring their products or services to market, and scale their business operations. At the culmination of the program, participants have the chance to pitch their businesses and compete for a prestigious cash award. 

We invite individuals who identify with a gender, racial/ethnic, or other identity that, historically, has not been dominant in receiving entrepreneurship support. We do this because we aim to create a collaborative, diverse cohort of entrepreneurs who can contribute unique perspectives in a supportive environment as we foster new venture formation and growth.

After a competitive application process, a selection of companies is chosen to participate. These organizations receive stipends for their work and are connected to an experienced entrepreneur mentor who meets with them weekly. The program was initially funded in part by a grant from the Montgomery County Economic Development Corporation, The Blair Family Foundation, and others. The Fall 2023 and Spring 2024 cohorts are are funded in part, through a Cooperative Agreement with the U.S. Small Business Administration.  

Upcoming Cohort: Spring 2024 Equity Incubator 

Applications have been closed for this cohort. Upon being selected, participants will receive a $3,000 stipend after program completion. Participants will also have the opportunity to pitch to judges at the Final Showcase Competition for a cash award. 

Past Cohorts

Fall 2023 Cohort

Event Recap

Finalists:

Concept Track: 

  • Renova (Winner)
  • Peace & ProsperiTea
  • Streamline Smart Sprinkler

Scale Track: 

  • Veza Innovations, LLC (Winner)
  • Fully Bloomed 
  • Juice Joint LLC

Advanced Track: 

  • NotUrAverage Candles (Winner)
  • Bonjour Waffles 
  • The Laundry Basket LLC
Spring 2023 Cohort

Event Recap 

Finalists:

  • LA Magnoliah (Winner)
  • Shift, Work+Play
  • EPICC technologies
  • The Laundry Basket,  LLC
  • HR Geckos

Mentors:

  • Seema Alexander, Disruptive.CEO
  • Felipe Padua, Code and Play, LLC
  • Culin Tate, Hostcoach
  • Mayte Alonso, Fundraising Expert
  • Piyush Jain, Simpalm & Ducknowl
  • Tiffany Hosey, BuilDATAnalytics

Outcomes & Results

  • 55% Women Led Teams
  • 88% Non-White Participants
  • $200,000+ in additional revenue
  • 200+ new or prospective customers
  • 89% developed a connection with a mentor/coach
Fall 2022 Cohort

Event Recap

Finalists:

  • NanoBioFAB (Winner)
  • Trippy Tacos
  • koho
  • The Calmer Schools Network
  • Wise Cities

Mentors:

  • Seema Alexander, Disruptive.CEO
  • Michael Priddy, Interim GWA Healthcare Inc., Intervise Consultants Inc.
  • Nima Farshchi, Robert H. Smith School of Business
  • Marc Steren, University Startups
  • Tremain Davis, University Startups

Outcomes & Results:

  • 56% women led teams
  • 80% Non-White Participants
  • $100,000+ Revenue
  • 50+ new prospective users/customers
  • 86% developed a connection with customer/coach
Fall 2021 Cohort

Event Recap 

Finalists:

  • Code & Play (1st Prize)
  • MUSA (Audience Choice)
  • Dorothy's Place
  • Hubble Financial
  • Noble Uprising

Mentors:

  • Seema Alexander, Disruptive.CEO
  • Cedric Nwafor, ROOTS Africa
  • Tiffany Hosey, BuilDATAnalytics
  • Aaron Saunders, Clearly Innovative Inc.
  • Greg Merril, Adaptive Phage Therapeutics

Outcomes & Results:

  • 49% average increase in agreement with the statement "I feel like my identity/identities are represented in entrepreneurship/business".
  • 37% average increase in agreement with the statement "I am a good leader".
  • 60% woman-led teams
  • 71% of non-white participants
  • $33,000 in additional revenue across teams
  • 500+ new users/customers across teams