Where does the Majira Project work?
The Majira Project was founded in Boston, Massachusetts and operated in person from 2016-2019. While programs are now operated virtually, Majira continues to take a regional community approach where matched teams are typically no more than three hours away from companies to strengthen regional ecosystems and allow for in-person visits as appropriate. As of 2021, Majira currently operates in the following regional areas: Atlanta, Boston, Chicago, Dallas, Detroit, Houston, Los Angeles, Minneapolis, New York City, Philadelphia, and Washington, DC.
How much does the accelerator cost?
The Majira Project is a no-fee, no-equity program.
What is the selection process for the accelerator?
We review all applications submitted through our online application form on a rolling basis. Prospects who seem like a good fit will then be contacted to schedule a 15-30 minute interview for us to learn more and confirm fit.
Who is the Majira Project for?
The Majira Project is ideal for startups and small to mid-sized growth companies who have strategy, sales & marketing, and/or operational needs to take their business to the next level. We are industry-agnostic and have worked with companies across various industries. Due to our mission to close the racial wealth gap, our program is specifically to assist companies led by Black or Latinx founders and/or serving underserved communities. At this time, we only work with for profit companies.
What makes a company a good fit for the Majira Project accelerator?
Due to our mission to close the racial wealth gap, our program is targeted to assist companies led by Black or Latinx founders and/or serving underserved communities. Beyond that, we evaluate companies on three dimensions: team, traction, and substantive project potential. We've found that in order for companies to fully absorb the benefits of the program, they need to have a team with at least one full-time employee able to participate. In addition, our work is most valuable for companies with some proven traction - recurring revenue for small businesses and evidence of plans beyond ideation for startups (e.g., previous accelerator experience or a beta version of a minimal viable product). See the previously accepted cohort statistics above to get a sense of the typical size of companies we work with. Finally, we look for companies with substantive strategy, sales & marketing, and/or operations business challenge or project that our consulting teams will be well-equipped to address.
What does the Majira Project accelerator include?
Selected companies are matched with a pro bono consulting teams skilled in key areas aligned with their business need including strategy, marketing, sales, pricing, and operations. In addition to their consulting team, Majira will match the company with a business coach for to oversee their program experience and provide mentoring and advising. All groups will work together to facilitate connections for the company. Twice a month, cohort speaker sessions on specific business topics (e.g., Sales & Marketing, Funding) will provide the opportunity to learn from industry experts, other entrepreneurs, and network.
What is the time commitment for the accelerator?
We specifically design our program to be light on time commitment for founders while maximizing value. Our program is 16-weeks starting from the end of September to the beginning of February. During that period, we estimate a total of 2-3 hours/week. The time is comprised of meetings with consulting teams, coaches, and our twice-a-month, hour-long speaker sessions that are optional (but valuable!). However, founders do NOT need to attend all meetings - team members are welcome and encouraged. We only require founders to join the kickoff, closing, and one check-in with our Executive Director.
Why was the Majira Project created?
While there are many opportunities for companies to receive guidance and mentorship during second stage growth and via pre-accelerators, accelerators, and incubators across the city, we aim to fill a gap for post-accelerator/post-incubator stage companies as many of them do not have continuing mentorship. There is a similar "missing middle" with small businesses where many of small businesses plateau and have difficulty achieving the escape velocity to surpass the $2M ARR mark. We aim to help them achieve first and second stage growth, while at the same time building a community with their cohort members and strengthening the overall entrepreneurial ecosystem.