What's An Accelerator?


An Accelerator is a program for developers or a startup wanting to take a “disruptive” product to market as fast as possible.

Through an open application process, accelerator program providers take “batches” of startups consisting of small teams. The startup is supported with funding, mentoring, training and events for a definite period (2-3 months), in exchange for equity.

Application Process


Open to anyone, but highly competitive. Acceptance rates run between 1% and 3%.

Funding


Usually a seed investment in the startups is made, in exchange for equity. Typically, the investment is between US$10,000 and US$50,000.

The Value


Mentoring, connections, and the recognition of being chosen to be a part of the accelerator. The business model is based on generating venture style returns, not rent, or fees for services.

Timeline


  • 1. Startups are accepted and supported in batches.
  • 2. During a 2-3 month period, they receive intensive mentoring and training, and they are expected to iterate rapidly.
  • 3. They receive immediate peer support and feedback.
  • 4. Share a common workspace.
  • 5. "Graduation" must be complete by a given deadline, typically after 3 months.
  • 6. Ends with a "Demo Day", where the startups present to investors and key influencers.

ACCELERATOR STATS

SOSv ACCELERATORS


To promote and support startup development in the areas of hardware, software, sales and biotechnology, SOSventures developed 5 accelerator programs (Chinacellerator, Haxlr8r, Selr8r, SynBio, LEAP) across 3 continents in just 5 years.

As of December 2013, a total of 80 companies worldwide have graduated from these programs.