Definition: A fixed-term, cohort-based program run by a large company to support early-stage startups with resources, mentorship, and networking opportunities in exchange for potential investment, partnership, or strategic alignment.
How it works:
Selection: Accelerators choose a handful of promising startups through applications and pitch processes.
Intensive program: Startups receive mentorship, workshops, office space, access to industry experts, and potential funding.
Demo Day: Startups present their progress and seek further investment or partnerships at a concluding event.
Benefits for startups:
Fast-tracked growth: Gain mentorship, resources, and connections to accelerate development.
Funding opportunities: Secure seed funding or partnerships with the sponsoring corporation.
Market validation: Test and refine their product/service in a real-world setting.
Benefits for corporations:
Access to innovation: Tap into emerging technologies and ideas from startups.
Faster innovation cycles: Learn and experiment rapidly through collaboration with agile startups.
Talent acquisition: Identify and potentially acquire promising startups or their talent.
Examples of Corporate Accelerators:
Google Launchpad Accelerator
Microsoft Azure for Startups
Y Combinator Startup School
TechStars
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