Starting a business involves numerous challenges, mainly due to the high competition and the constant changes in the consumer profile . Given this situation, turning to a business accelerator may be the best option. But, ultimately, what is it all about?
Basically, an accelerator is an organization whose main purpose is to support the development of new companies by providing knowledge, tools and resources .
If you have entered our post with the intention of knowing in detail the importance of a business accelerator for startups , congratulations, you have come to the right place!
In our content, you will find valuable information on the
What is a business accelerator?
How does a business accelerator work?
What are your main objectives?
How does it support business development?
Accelerator vs Incubator: Discover the differences
3 business accelerators in Latin America
Keep reading!
What is a business accelerator?
According to the annual research carried out list of lesotho consumer email by the Global Entrepreneurship Network platform and the Startup Genome project , “ The Global Startup Ecosystem Report 2021 ” , there are 3 million startups around the globe.
The report also notes that Bogotá (Bolivia), Buenos Aires (Argentina), Mexico City (Mexico), Sao Paulo (Brazil) and Santiago/Valparaíso (Chile) are among the 140 leading ecosystems in the world, thus placing Latin America in a prominent position in the startup scene.
Despite the strong development of new companies in Latin America, staying in the market requires a lot of effort, especially given the unstable economic outlook in the region. Hence the importance of accelerators!
How does a business accelerator work
To be supported by an accelerator, startups must undergo a robust selection process conducted by a team of specialists.
Below, you will find the most notable by lists features of how a business accelerator works :
They base their activities on generations or batches , groups of startups that participate in a program for a certain period of time.
The program extends over a certain time horizon, between 3 and 6 months .
To conclude the accelerator program, entrepreneurs must present their business to potential investors during a public pitch , an event called DemoDay .
Despite their focus on the technological why is no one reading your marketing emails? area, more and more accelerators are expanding their horizons towards other