What are they?
Accelerators accelerate the growth of an existing company by focusing on scaling its business. Accelerator programs usually have a pre-set timeframe (3 to 6 months) in which individual companies spend time between a few weeks to months working with mentors to build their business.
How do they work?
It starts with an application process and Early-stage companies are usually given a small seed investment and access to its mentorship network, in exchange for small amounts of equity. Mentor network will not only consist of investors but also startup executives, venture capitalists and industry experts.
At the end of an accelerator program, startups are asked to put forward a demo day attended by investors and media.
Let’s have a look at the TOP 10 Startup Accelerators across the world:
1. Y Combinator, USA
Y Combinator is considered as one of the best startup accelerators across the world. It provides seed funding for startups. Twice a year, they invest in a big number of startups in return of 7% company stakes. Since 2005 they have funded over 2000 startups. Its companies have a combined valuation of over $100B and have a community of over 4,000 founders.
Focus Area: AI, Hardware, Biotech and Edtech companies
Founding Year: 2005
Program Duration: 12 weeks
2. 500 Startups, USA
It was the first unicorn accelerator (early-stage), and its capitalization is now worth more than $ 3 billion. 500 Startup’s standard accelerator plan is a $150,000 investment in return for a 6% of company stake. It is the most active VC globally in exits and most active global investor according to VC deal count. It has invested in more than 2400 startups in 75 plus countries. They have more than 5000 founders in their portfolio.
Focus Area: Fintech, Health & Biotech, HR and Education and IT
Founding Year: 2010
Program Duration: 16 weeks
3. StartupBootCamp, Denmark
Startupbootcamp is the world’s largest network of multi-corporate backed accelerators which helps startups scale globally. It operates in cities like Amsterdam, Barcelona, Berlin, Copenhagen, Miami, New York, Cape Town, Dubai, Istanbul, London, Chengdu, Rome and Mumbai. Startupbootcamp has accelerated startups with €907k average funding. It has accelerated 877 startups to date with total funding of €722 million and has created 7122 jobs.
Focus Area: Fintech, Insurtech, Cybersecurity, IoT and Foodtech
Founding Year: 2010
Investment: €15,000 for 6-8% equity
Program Duration: 13 weeks
4. Ignite, UK
It supports a noteworthy European accelerator which supports startups from the idea stage to raising Series A funds, help in refining concepts, build traction and scalable business. Ignite has invested in 150 plus companies and its portfolio companies have raised millions of dollars in investment from the top, well-known angel investors and VCs, including YCombinator, Underscore VC, Passion Capital, Balderton, Kindred, Episode 1 etc.
Focus Area: IT and data
Founding Year: 2001
Investment: $20,000 in exchange for 8% equity
Program Duration: 6 months
5. APX, Germany
APX provides tailor-made programs for each startup team. It has an early-stage investment approach with a highlight on personal development. They have shareholders like Axel Springer and Porsche, which give the companies many large-scale networking opportunities. It has invested in more than 60 companies from 20 countries, with more than 100 co-investors.
Focus Area: Not area-specific
Founding Year: 2018
Investment: € 25,000 for 5% of capital
Program Duration: 3,5 months
6. Tribe Accelerator, Singapore
Tribe Accelerator is Singapore’s first blockchain accelerator which works in close collaboration with the Singapore Government, as a neutral platform for the growth of the blockchain ecosystem. They have partnered with global leaders in the blockchain ecosystem like BMW, ConsenSys, Intel, Nielsen, R3 etc.
Focus Area: Blockchain, IT, InsurTech, Supply Chain Management, Sustainability Logistics and Automotives
Founding Year: 2018
Investment: Customised, No fees or equity
Program Duration: Customised
7. Brinc Accelerator, Hong Kong
Brinc accelerator is designed to help startups use technology as a tool to solve different types of challenges in the world. Its customized programs are designed for startup founders to build and establish critical early-stage validation and traction. It has invested in more than 131 companies originating from 35 plus countries, out of which 89% are operational.
Focus Area: Medtech & Biotech, Foodtech, Hardware & IoT, CleanTech, AI, Logistics, Proptech and Manufacturing.
Founding Year: 2014
Investment: Up to $100,000 in exchange for equity
Program Duration: 20 weeks
8. Melbourne Accelerator Programme, Australia
Melbourne Accelerator Programme is one of Australia’s leading startup accelerators. It is supported by the University of Melbourne and has allies like IBM, HWT and Universal Music Group. They have supported 150 plus startups, raised more than $100 million and created 1400 plus jobs. To be eligible, one of the startup members should be an Alumni of the University of Melbourne.
Focus Area: Social Impact, Sustainability, Health and Wellbeing
Founding Year: 2012
Investment: $20,000 equity-free funding
Program Duration: 5 month
9. Ventiur Aceleradora, Brazil
Ventiur Aceleradora is a Brazil-based venture accelerator that invests in companies in stages like seed, startup, and early stages of development. It has accelerated more than 40 startups with the help of 80 plus investors. It has raised and invested more than R $ 12 million.
Focus Area: Agritech, Fintech, E-commerce, Logistics, Edutech, Foodtech, Health, Media etc.
Founding Year: 2013
Investment: $100k with up to 10% equity
Program Duration: 5 months
Startups Accelerated: Pix Midia, Alu etc.
10. Injini, South Africa
Injini startup accelerator runs from March to August and supports up to eight Edtech startups with funding and advisory resources, across Africa. They provide coaching and workshops, hands-on support and ecosystem development along with financial support.
Focus Area: Edtech
Founding Year: 2017
Investment: $ 20k, with equity up to 5%
Program Duration: 5 months
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