Discover Rhode Island's best accelerators for your start-up

Choose an accelerator/incubator that provides your start-up with the right guidance to scale with confidence.

Want a curated list of free resources shared at the world’s best accelerators?

Choosing The Right Accelerator

Start-ups are hard. Choose an accelerator that guides you in the right direction.

Patrick Collison, Founder of Stripe

"I doubt that Stripe would have worked without YC. It's that simple."

Patrick Collison, Founder, Stripe

Chris Lynch, Founder of Atlas Venture

"Accelerators claim they are in it for the long haul — I call bullshit"

Chris Lynch, Founder, Atlas Venture

Raj Aggarwal, Founder of Localytics

"The network we built with Techstars was incredibly valuable during and after the program."

Raj Aggarwal, Founder, Localytics

What truly matters

Domain expertise > Funding amount

Accelerator’s brand power

Two-way communication > Interview

Look for partners not investors

Discover your perfect match

No accelerator or incubator is perfect for every start-up. Your business’s context and constraints matter. Identify your perfect match by answering this short questionnaire.

Rhode Island's Top Accelerators By Neighborhoods

Comparing Accelerators

NameAerial ScoreStandard DealAddress#Investments#ExitsDetails
MassChallenge - Rhode Island Accelerator9.9Providence, RI, USA3,181204Learn more
RevUp Capital4.5Rhode Island, USA1Learn more
Brown Innovation for Health4.5Rhode Island, USALearn more
Social Enterprise Greenhouse4.510 Davol Sq Unit 100, Providence, RI 02903, USA3Learn more
MagpieX MedTech Accelerator3.4150 Chestnut St, Providence, RI 02903, USALearn more
New England Medical Innovation Center2.1$20KRhode Island, USALearn more

This page covers the top accelerators and incubators in Rhode Island.

However if geography isn’t a hard constraint, and you are only looking for the best incubators and accelerators across the US, check here.

Brief Overview Of Different Accelerators

1) MassChallenge - Rhode Island Accelerator

MassChallenge - Rhode Island Accelerator - building Rhode Island's entrepreneurial future

MassChallenge is a global network of zero-equity startup accelerators operating in various locations worldwide. With a mission to strengthen the global innovation ecosystem, it accelerates high-potential startups from all industries. The organization has supported over 2,458 alumni startups that collectively raised $6.2 billion in funding, generated $3 billion in revenue, and created 157,000+ jobs. The Rhode Island program specifically supports 30 high-growth startups in domains like Blue Technology, focusing on oceanography, autonomy, connectivity, and sustainability. Funded startups in the program receive over $500,000 in cash prizes at the MassChallenge Awards. Founders of MassChallenge include Akhil Nigam, Amir Eldad, Cait Brumme, David Constantine, John Harthorne, and Vijay Sekhara. Partnering with entities like Rhode Island Commerce Corporation, FM Global, and Verizon Foundation, MassChallenge aims to accelerate promising early-stage startups in its 20-week Startup Accelerator program, contributing to innovation, economic growth, and job creation in Rhode Island's renewable energy sector.

MassChallenge - Rhode Island Accelerator's Website
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2) RevUp Capital

RevUp Capital - supporting Rhode Island's best founders

RevUp Capital is a revenue-based accelerator that focuses on fast-growing B2B and B2C companies in industries such as Fintech and SaaS. Founded by Allan Tear, Bill Cesare, and Melissa Withers, the accelerator offers a non-equity, non-dilutive investment model tailored to companies in the $1M-$10M growth range. With a founder-focused approach, they provide essential resources to support startups in building data-driven growth engines. The accelerator's commitment to helping companies conquer the growth curve is evident as they support companies through their accelerator program. This empowers startups to accelerate their growth and reach new heights in their respective markets.

RevUp Capital's Website
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3) Brown Innovation for Health

Brown Innovation for Health - a prominent start-up growth supporter in Rhode Island

The Brown Innovation for Health (BIH) accelerator, also known as NEMIC, is a Med Tech + Digital Health Accelerator Program designed to nurture early-stage health technology startups. This 6-month intensive program guides entrepreneurs through the startup-to-commercialization process, focusing on digital health innovations like medical technology, healthcare software, and digital health solutions. Founded by Chris Fanini, Dan Veltri, and David Rusenko, the accelerator provides mentorship, education, and networking opportunities. Participants can access industry experts, co-working spaces, investor introductions, and educational workshops to advance their ventures. The accelerator caters to industries such as Ecommerce, Healthcare Tech, Mobile Apps, and General Tech, making it an appealing option for entrepreneurs looking to make a significant impact in the health tech sector.

Brown Innovation for Health's Website
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4) Social Enterprise Greenhouse

Social Enterprise Greenhouse - supporting Rhode Island's best founders

Social Enterprise Greenhouse is a network of business and community leaders dedicated to creating positive social and economic impacts by supporting social entrepreneurs and enterprises. They provide tools, networks, and funding to help social enterprises thrive in Rhode Island and beyond, contributing to the growth of social impact ecosystems. SEG offers three accelerator cohorts annually: the Impact Accelerator, Health & Wellness Accelerator, and Food Accelerator. Since 2010, the organization has graduated 96 social enterprises through its programs, with 86% still operational, showcasing the program's effectiveness. The accelerator provides workshops, sessions, ongoing support, and access to a network of advisors for a year. The institution has supported numerous startups and attracted recognition from the Small Business Administration. Notable industries in their portfolio include Fitness and Wellness, Healthcare Tech, and Food and Beverage. The success of the Signature Accelerator program has led to national replication, solidifying the organization's reputation as a valuable resource for social entrepreneurs.

Social Enterprise Greenhouse's Website
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5) MagpieX MedTech Accelerator

MagpieX MedTech Accelerator - a prominent start-up growth supporter in Rhode Island

Founded in 2020 and located in Providence, Rhode Island, MagpieX MedTech Accelerator is a specialized fund focusing on healthcare startups. The accelerator offers pre-seed finance to medical and digital health businesses through a 3-month program tailored to nurture and accelerate early-stage companies. Collaborating with the New England Medical Innovation Center (NEMIC), it provides customized support to startups in the region. With 3 investments made, MagpieX has funded notable start-ups like SMöLTAP, which received seed funding in July 2022 and focuses on therapeutic devices, and Lenoss Medical, funded in March 2021, operating in the 'Other Devices and Supplies' category. The organization is led by Adi Dhandhania, the co-founder, and Maey Petrie, the Program Manager. MagpieX MedTech Accelerator plays a pivotal role in fostering innovation and growth in the healthcare technology sector, supporting promising start-ups during their critical early stages. It caters to businesses in the Healthcare Tech and Fintech industries.

MagpieX MedTech Accelerator's Website
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6) New England Medical Innovation Center

New England Medical Innovation Center - promoting the start-ups of tomorrow

The New England Medical Innovation Center (NEMIC) accelerator, situated in Rhode Island, United States, focuses on Medical Technology, Healthcare Technology, and Digital Health solutions. The intensive 6-month program is available at no cost for Rhode Island-based residents, students, companies, and employees. Participants have the opportunity to receive up to $20,000 to advance their startups and collaborate with external stakeholders. The accelerator accommodates 5-10 qualified participants who work on refining their business models and testing solutions. NEMIC has provided guidance to over 280 startups, collectively raising more than $84,000,000 in funding. Furthermore, the institution has secured $930,000 in grants to support its programs. Participants benefit from over 800 office advisory hours, access to a bi-weekly Advisory Network, and dedicated program management. Notable testimonials come from individuals like Maria Grazia Ruocco, CEO, and co-founder, who speak highly of the program. NEMIC serves as a healthcare innovation hub in New England, offering educational resources, funding connections, and expert support for medical technology innovators and entrepreneurs since 2018. The organization assists companies in scaling ideas and commercializing technologies within Rhode Island and beyond.

New England Medical Innovation Center's Website
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Top Reasons Start-ups Participate In Accelerators

Critical Industry connections

A good connection at an FMCG/AI giant can help you 10x more than connecting with 100 retailers.

Rapid learning curve

There’s a reason accelerators are called accelerators. It’s a fast ride.

Developing business sense

Which metrics will make or break your start-up?- You can have 100k users and still fail.

Investor connect

Accelerators give an opening to many locked doors.

Why an accelerator might not be right for you

It's usually helpful to consider potential pitfalls. Some common misconceptions

Are the alumni actually helpful?

An accelerator's alumni network can play a big role in your longer term growth. But ask around and figure if any of them gave back even a couple of hours in the past year.

Correlation isn't causation

What worked for Airbnb might not work for you. If the accelerator playbook was 100% full-proof, they would have been running a start-up and not an accelerator. After all, everyone's chasing a unicorn.

It isn't about the exits

Accelerators and investors care much more about getting a return rather than building a business. However that's not a luxury founders can afford.

FAQs About Start-up Accelerators

Author Bio

Michael Li

Michael Li

For the last 10+ years Michael has helped start-ups of all scales and sizes succeed. A 2X entrepreneur, he is now working on Aerial to help founders avoid costly mistakes. He regularly writes for publications like the Wall Street Journal, TechCrunch, VentureBeat, Harvard Business Review and others.

Last updated date 4/5/2024

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Accelerators and Incubators in rhode-island

Looking for the best accelerators in Rhode Island? Accelerators can provide your startup with invaluable resources, mentorship, and networking opportunities to help you succeed. Choosing the right accelerator can make a significant impact on the growth of your business. Rhode Island has a thriving start-up culture with a supportive community and access to top-notch resources. The state offers a unique environment for entrepreneurs to thrive and grow their businesses. When looking for accelerators in Rhode Island, consider factors such as industry expertise, mentorship quality, funding opportunities, and networking connections. It's essential to find an accelerator that aligns with your business goals and values to maximize your chances of success. Some notable start-ups from Rhode Island that have excelled include Andera, Swipely, and Upserve. These success stories demonstrate the potential for growth and success that accelerators in Rhode Island can offer. Whether you're a budding entrepreneur or an established business looking to scale, Rhode Island accelerators can provide the support and resources you need to take your business to the next level.

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