Frequently Asked Questions
1. Two decades of acceleration experience - As one of the first startup accelerators in Europe, the first co-woring space in Paris, and the first open-innovation centers in France, NUMA has build a global reputation for excellence. Over the last 20 years, we've accelerated over 600 companies in 8 different geographies.
How do I apply?
We are currently in selection for our Winter 2021 program. Startups are accepted on a rolling basis. Apply here.
How does the selection process work?
What is my agreement with NUMA New York?
Since the startups that we support have often already raised institutional rounds of funding or have participated in early stage accelerator programs, we charge a flat-fee of $25k. In certain cases, we have also allowed companies to join the program for a lower flat fee mixed with a percentage of warrants.
Why do you charge a $25k flat fee instead of taking equity?
We use a flat fee model instead of taking equity or a success fee, because the growth-stage startups we work with typically prefer not to have another entity on their cap table. For early-stage startups, however, we do offer a lower flat fee mixed with a percentage of warrants on a case-by-case basis.
Am I required to relocate to New York for the virtual or in-person program?
For the 10-week virtual program, no. While the flat-fee does cover office space in our co-working center in NYC, there is no requirement to relocate and attend the sessions in-person (since all of the sessions, meetings, and events will be virtual). Moreover, 5 team-members are permitted to participate in the program and additional team members can be brought in to attend sessions that are relevant for them (e.g. your Sales team can attend curriculum sessions on Sales).
For the in-person program, at least one founder is required to relocate to New York for the duration of the 10-week program. One other member of the team is also welcome to join the founder. Much of the program’s value hinges on your presence in the local ecosystem - to speak with customers and investors, attend events, be part of coaching sessions, etc. Being physically close to NUMA will also allow you to leverage all of the serendipitous opportunities that come from our mentors, alumni, events, corporate partners, angel investors, or VCs who all visit NUMA frequently. We encourage you to manage your teams remotely, and have designed the program so that you can also execute and work on your business.
Can you help me get a visa?
Do startups get office space?
Yes, NUMA New York is based in the Alley coworking space in Chelsea. Startups use the Alley office to work and as a business address for their US operations. Our office is conveniently located within walking distance from many restaurants & cafes, the Chelsea High Line, Chelsea Market, and other NY attractions.