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The Startup accelerators are companies in the most privates that help startups that are already consolidated and proved that their service is viable to grow faster. With an accelerator, your company can reach a break-even that is when your business can pay the accounts with the money that your company made. These accelerators program usually lasts from 3 months to one year.
What is the difference between accelerators and incubators?
Briefly, we can think that the incubators get an idea and an entrepreneur that has the desire to start a business and starts to invest in this idea, and the accelerators will invest in companies that are consolidated and that already showed their value.
Incubators are public or private companies that help in the creation of new startups. They help in the beginning, in your startup creation and usually continue with this help in the first 6 months until a year.
And the accelerators like we already tell will help the startup to not be left behind after getting consolidated. They are companies that have a capital to invest alone in a startup and search for scalable companies, that have a potential of growth.
How to participate in an accelerator program?
To participate in an accelerator program your startup will need to pass in a selective process, and many times the accelerator search for a specific kind of startup. Usually happens a pitch-day, that is a presentation of your startup, starting this presentation and the selective process that decides which one would choose.
The accelerators programs are getting more crowed over time so do a good pitch is an important step. Here are some tips to do a good pitch:
- Know the services, mentors, and investors that make part of this program
- Put references and indications in your pitch, this pass security that your startup is a safe place to invest.
- Talk about the marketing, the necessary investors, the startup’s crew, what your company does, data and earnings, and other key points that are important to the program team.
- Pain attention in the time and what way you will pass all the necessary content in that time.
In which way the accelerators help your Startup
The startups can receive a small investment to help grow. Your startup will have access to a great infrastructure with mentoring, juridical support, access to angel investors, besides being inserted in an accelerator program will possibility for you a grow in your network. The startup will receive all the necessary support the have a definitive growth, all the necessary help and specific tips to this growth are what we call as acceleration methodology.
Worth participating in an accelerator program
Usually in exchange or participate in a program like this where your startup receives all this support has requested equity where the accelerator receives 5 to 10% of your company, now think with me, what is 5% of your company about an investment that probably will be definitive in your startup future and from the moment that the accelerator turns your partner they will do all the possibilities for your company’s growth. So it is obvious that worth participating if you have the opportunity don’t think twice.
