Once that stage is complete, Entrepreneur First invests £80,000 in your company, for 10% equity – as well as introducing you to their network of investors for further funding opportunities. Once you’ve found your co-founder, they’ll guide you for three months to help you develop your startup and hone your value proposition. Their focus is on mentoring and advising founders and putting them in contact with other entrepreneurs in the cohort to help them find their co-founders.ĭuring this time, they offer a £2,000 a month stipend while you meet and get to know potential co-founders. Portfolio companies include Tractable, Phantasma Labs and Flowlity. They have an amazing network and connected us with every investor in our seed round.īased in London, Entrepreneur First runs its “highly-selective” three-month program in six cities across the globe. You can find out which accelerators are open for applications here. Once you leave the accelerator, you’re added to Startupbootcamp’s Alumni Network, which gives you continued access to their global network of founders and mentors.
The accelerator culminates in a Demo Day, where you can showcase your product to an audience of over 400 investors, partners, mentors and media. Startupbootcamp will offer €15,000 in cash, €450,000 in partner services and 6-months of free, collaborative office space. The program runs for three months, during which you’ll be guided by mentors and advisors specific to your industry – as well as networking opportunities with other members of your cohort. Portfolio companies include Relayr, Signaturit and Obsidian. They’re based in London but have a global network of over 20 accelerators. Startupbootcamp has helped bring over 950 startups to life. Related: The 7 Best Startup Incubators Worldwide and How They Can Help You 1. Related: 3 Founders Share What You Can Expect From a Startup Accelerator They’ve already built successful startups and have valuable experience which can help you avoid several hurdles they’ve faced. The best startup accelerators and incubators bring on mentors and advisors who’re at the top of their industries. This allows you to quickly build a virtual Rolodex of professionals you can collaborate with. You also gain access to a network of alumni who have been where you were. When joining an incubator or accelerator program you get to meet not only the other entrepreneurs in your cohort. The second is the entrepreneurial community. When you are accepted to join a cohort, usually, the accelerator or incubator will give you an injection of capital (at the cost of a percentage of equity).īut more than that, they will put you in contact with angel investors and VCs for further funding opportunities. Of all of the benefits of a startup accelerator or incubator, they selected three that were the most important. My colleague, Rui, recently sat down with a number of alumni from Y Combinator and 500 startups (check out those conversations here ). How Startup Incubators & Accelerators Can Help You
#Best incubator startup how to
The top five include in-depth information on where and how to apply, as well as what you can expect from their specific program.įirst, however, I wanted to give you a quick overview of what the similarities and differences are between incubator and accelerator programs and how each can help you.įeel free to skip ahead to the list using the contents section below if you’re already familiar with the two models. So, I thought I would give you a headstart and list the 30 best UK-based startup accelerators and incubators. It’s a long and arduous process that can quickly distract you from the important task of bringing your startup vision to life. Things like the industry they specialise in, the amount of funding they provide (and the amount of equity they ask in return), the quality of the alumni community, etc. There are several factors to take into account when considering a startup accelerator or incubator for your startup.
I’ve written about those experiences here if you’re interested in knowing a bit more. Which is something I faced first-hand as I set out on my entrepreneurial journey. Finding the right incubator or accelerator (or even knowing which model is right for you) is a challenging process that can often leave you feeling overwhelmed.
0 kommentar(er)
