Startup Accelerator

Accelerator programs usually have a set timeframe in which individual companies spend anywhere from a few weeks to a few months working with a group of mentors to build out their business and avoid problems along the way. 

Accelerators start with an application process, but the top programs are typically very selective. Early stage companies are typically given a small seed investment, and access to a large mentorship network, in exchange for a small amount of equity. The mentor network–typically composed of startup executives, venture capitalists, industry experts, and other outside investors–is often the biggest value for prospective companies.

“A lot of that success comes back to the alignment of incentives,” Harris said. “Good programs completely align all parties and all the partners who advise the companies have a stake in their success. We also do as much as we can to limit distractions. We don’t schedule unnecessary meetings, don’t force them to work in a big loud co-working space, etc.”

At the end of an accelerator program, you’re likely to see all the startups from a particular cohort pitch at some sort of demonstration day (often shortened and referred to as a demo day) attended by investors and media. At this point, the business has hopefully been further developed and vetted.

However, what remains a continuing throughout the discussion of accelerators is that they’re programs intended to accelerate the event of early stage companies or ideas. Generally speaking, an accelerator may be a fixed term program that sometimes lasts from three to 12 months. It provides a mixture of education, mentoring, and networking, often with investment. it’s distinct from other sorts of investment and incubation, like angel investing, grants, or incubators.

Despite accelerators still being a comparatively new and rapidly changing phenomena, they are doing have characteristics in common, and therefore the research into accelerators, mine included, has tried to spot these common features.

Firstly, accelerators aren’t incubators. During a nutshell, an incubator may be a building that gives subsidised rent, business support services, and other benefits to early stage businesses. It’s main source of revenue is rental from its tenants. Whereas an incubator may be a building, and an accelerator may be a program, both are sorts of incubation, being methods to support early stage businesses.

For something to qualify as an accelerator it must have variety of characteristics:

1. a hard and fast term program, with a beginning and an end

2. A cohort of startups or participants

3. a various group of mentors to support the startups

4. Mentoring to transfer tacit knowledge

5. An education program to transfer acquired knowledge

6. a variety process in order that the cohort are perceived because the best in school .

How startuplanes is different from other startup accelerator is we have one goal: to assist entrepreneurs succeed. We surround companies with the simplest mentors and an unrivalled network of corporate partners, investors, and alumni. We offer funding and fundraising opportunities, workshops and curated resources, to not mention countless moments where you’ll learn from your peers. It’s a proven model that’s helped build thousands of successful companies, everywhere the planet. Want to understand what it does adore inside a startuplanes accelerator?  Leave us a message, our team will contact you soon.