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Local Organizations Power Acadiana Accelerator

Local Organizations Power Acadiana Accelerator

Accelerate Acadiana was financed by a $700,000 grant from the U.S. Department of Commerce’s Economic Development Administration, and administered by Winrock International. Some of the money was pooled in an investment fund for participating companies. A group of south Louisiana-based accredited investors – Acadiana Angels – also bought equity in the fledgling companies.

An additional $754,000 in program services and office space was provided by the University of Louisiana at Lafayette, the Opportunity Machine, and INNOV8, a Community Foundation of Acadiana nonprofit that nurtures innovative companies and individuals.

“We’ve got all the ingredients for innovators to come

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