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Rising topic in Entrepreneurship: Accelerator programs

Accelerator programs are rapidly growing all over the world. They represent educational programs designed for entrepreneurs at the initial phase of their startup process. They offer co-working space and focus attention of entrepreneurs on their startup‘s development for short period of time, offering plethora of formally designed lectures, individual mentoring and opportunity to network with potential investors, other entrepreneurs, industry members and others. Due to the short and limited duration, they represent very intensive and highly competitive programs.

The central purpose of accelerators is to "accelerate" the development of a venture at the point of launching a product or service and beginning to gain customer traction. Participating in the accelerator programs, entrepreneurs have opportunity to receive initial seed capital and network with potential investors, but also gain human and informational resources. There is an open call for applications, but only the most promising startups (ideas) are chosen and admitted to the programs. Most of them finish with a Demo day when each startup represent itself to a great number of potential investors and to people they worked with during the program.

The first accelerator, YCombinator, was founded by Paul Graham in 2005 in Cambridge, Massachusetts, and soon moved and established itself in Silicon Valley. In the beginning accelerators were very general and they were accepting ventures from different industries. Throughout the time, number of applicants was increasing and in 2011 Paul Graham tweeted that they are receiving applications every minute. The programs have been developed and improved, and now days there are various types of accelerator programs, not only in U.S. but across the globe. They became more specific and clearly defined, targeting startups in specific industry.

Randall Stross, New York Times Digital Domain columnis, wrote an inside story about the YCombinator in his book “The Launch Pad: Inside Y Combinator “ (2012). Describing the selection process, startup development and Demo day, he gave us a chance to “enter” inside of an accelerator and see to what sacrifice entrepreneurs have to be ready for, in order to succeed. It is life changing experience. Of course, now days each accelerator program has its own characteristic, but they all help startups to “accelerate” the development and launching process.

Great contribution for these programs have  location. The most successful programs in US are based in Silicon Valley. Being in the heart of the Entrepreneurial experience, Start Ups have an opportunity to grasp ad acquire unique experience. Everything begins in Silicon Valley. This is the place where most of successful Start ups are or have been based, and from where they launched and reached their success.

Apart from these programs, this summer has been launched First Edition of Technology Venture Launch Program, 20 days immersion program offering mentoring, co-working and networking opportunities for technological start ups from all over the world. Great thing about this program is that it bring entrepreneurs to the Silicon Valley, and in that way provides unique chance to get as much as possible from the world greatest entrepreneurial environment.

Applications for the Winter Edition 2015 are opened until December 28

Forbes published list of the leading Accelerator programs in US : List of Top Accelerator programs in US

The most prominent accelerator programs is Italy are H-Camp (as part of the H-Farm incubator), SeedLab and TechPeak.

This article was kindly provided by Tijana Sekulic.