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News:
Industry Press Releases
February 6, 2023

REI Path Ahead Ventures Opens Applications for Navigate Accelerator Program

Applications for Navigate, which supports founders of color with existing businesses in the outdoor industry, are open now until March 12.

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News:
Industry Press Releases
February 6, 2023

REI Path Ahead Ventures Opens Applications for Navigate Accelerator Program

Applications for Navigate, which supports founders of color with existing businesses in the outdoor industry, are open now until March 12.

By Press release
Share on Email
Share on Linkedin
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Currently, the outdoor industry represents a $459.8-billion-dollar-sector, yet only an estimated 1% of brands in the industry are owned or led by people of color. To help close this gap, outdoor retailer REI Co-op created Path Ahead Ventures – a $30 million investment to empower founders of color to start and scale their businesses in the outdoor industry.

Today, REI Path Ahead Ventures is launching applications for its Navigate accelerator program, which supports founders of color with existing businesses in the outdoor industry as they scale their efforts.

In the second year of the program, Navigate will offer founders a customized learning experience tailored to their company’s specific needs, as well as funding, mentorship, and one-on-one strategic guidance with subject matter experts. Founders will also have opportunities to meet with and learn from experienced partners both inside and outside the industry, while building their networks and connecting with founders of companies at similar stages.

Applications for Navigate are open now until March 12. Interested founders can learn more and apply at REI.com/path-ahead/navigate.

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