Frequently Asked Questions

Why NUMA?


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.
2. Access to the US market - NYC is ranked #2 globally for startup output, with over 9K startups, 200+ coworking spaces and 100+ accelerators. NYC’s startup ecosystem is valued at $71B, and is currently #1 globally in funding availability and quality. 3. Mentorship & tailored learning- Our startups have access to a network of 350+ NYC-based entrepreneurs, industry experts, and investors. In addition, to weekly learning sessions facilitated by our mentors, each startup is matched with 1 or 2 Lead Mentors based on the company’s specific priorities and industry. 4. Office space & perks- NUMA New York’s office is located in the Alley coworking space in the Chelsea neighborhood of Manhattan. During the program, startups have full access to the co-working space which also serves as their US business address. In addition, startups have access to over $1M in perks.




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?


We run three accelerator programs each year. Selection is conducted with the help of our partners and mentors. We usually review ~250 applications for each cohort, and 6-8 startups. Our selection process consists of: 1. Online application form (only complete applications will be reviewed) 2. Initial selection call with the Director of Acceleration. 3. Application evaluation and scoring by a team of mentors 4. Depending on your score, you may be invited to participate in 1:1 interviews and pitch session




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?


Since our program runs for 10 weeks, most nationalities use the US Electronic System for Travel Authorization (ESTA). We suggest reviewing the ESTA Website to see if your country qualifies. If you or anyone on your team requires a visa (that is not ESTA) for their stay in New York, we recommend that you start your visa application procedures as soon as your participation in the program is confirmed. We can introduce you to immigration agents that previous startups have worked with or direct you to the relevant public institution that can provide further help. We are also happy to provide invitation letters and any other documentation you may need.




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.





NEW YORK

Write us

newyork@numa.co

Visit us

Alley Chelsea

119W 24th Street

4th floor

New York, NY 10011

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