Your suggested collaboration method

Accelerator

What is the deal? 

These are short (three- to six-month), cohort-based programmes that provide seed funding and intensive mentoring and training for startups.

Best for: 

Ambitious early stage startups who want support (funding or otherwise) to grow quickly.

Works best when: 

The interests between the startups and their ‘host’ are aligned. Hosts should be able to offer insight from their knowledge and experience in a related field to help startups improve their proposition and business model appropriately.

Reality check: Relatively few accelerator programmes produce successful, sustainable businesses.

Key implementation steps include:

  • Create a decided area of focus.
  • Market effectively to recruit strong talent.
  • Build strong founding teams.
  • Ensure resources are available for testing, development, mentorship, etc.
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