How to Setup an Early Stage Startup Accelerator Program in India or Asia?

Created 5 years ago in Skills & Management / Entrepreneurship

So you want to build and run an Accelerator Program! Awesome!! You have come to the right place!

I run Bluebolt Startup Factory, a tech startup Accelerator. I earlier managed Jarvis Accelerator.

Bluebolt Startup Factory focuses on finding brilliant entrepreneurs solving business and consumer related critical challenges with tech driven disruptive solutions. We help them with what they need to go from a MVP to a successful startup gunning for a Series A investment. This could be with worldwide access to experts, fortune 500 companies, angel investors and seed funds looking to invest in deep tech startups, refining their target customer, positioning in market, pricing & licensing, setting up distribution networks - whatever the startup needs to succeed!

We will discuss how do accelerators benefit the local economy and the startup ecosystem, how do you setup an accelerator program based on a particular industry (Healthcare, cybersecurity, Energy, sports etc.) or technology (IoT, AI, Cloud, SaaS etc.).

We will discuss how such programs are structured, monitored and tracked. The program will be a total of 3 phases. These are:

■ Discover & Build: This phase forces the startup to justify assumptions, prove market viability and build a clear proposition. This is achieved through the help of our Accelerator team, mentors and special experts. At end of this phase the startup would have proven the viability of its product or service, defined its pricing and licensing strategy, defined its go-to-market strategy and built a 3-5 years business plan.

■ Validate & Build: This phase focuses on building your product and growing customer interest. Product launch will be achieved in this phase and the mentors’ networks used to arrange partnerships and sales opportunities. At end of this phase the startup would have successfully launched its product or service in the market, got initial customer revenues going and have visibility of a sustainable break even revenues stage.

■ Invest & Grow: This phase pulls together all the elements and gets the startup ready for pitching to investors. Lawyers, accountants and pitch trainers will all be brought in to ensure each team has the correct skills and materials to pitch for and receive investment. An Investment Demo Day will be held with Angels, Seed Funds and other early stage investors.

The final outcome is your ability to make a proposal covering all aspects to setup an accelerator and present it to top management or the sponsors. A sample proposal can be shared.