20 Top Business Accelerators to Consider for Your Startup
Running a startup just got easier. That is if you can make it into a good startup accelerator. There you may be able to access resources and experts that can make the growth process easier. Be sure to understand the difference between an accelerator and an incubator and why investors prefer the accelerator model. There’s no shortage of great startup accelerators out there with all kinds of different niches and focus areas. To find the startup accelerator that’s right for your business or idea, take a look at the list below.
Here’s Our List of Business Accelerators XRC Labs
For startups that focus on retail and consumer goods, XRC Labs provides a design-centric innovative accelerator program in New York City. Participants get mentorship, access to capital, operational support and workspace on the campus of the Parsons School of Design at the New School. XRC Labs runs two 10-week programs each year.
The Brandery is a Cincinnati based startup accelerator that offers support in several areas, especially branding, marketing and design. Some benefits include mentorship, partnership opportunities, introductions to seed stage investors around the country and $50,000 in funding.
Specifically for women-led startups, MergeLane aims to support a diverse startup community through virtual mentoring, personal coaching and a curriculum targeting early-stage business issues and topics that specifically affect women leaders. The program takes place in Boulder, Colorado, but companies are only required to be there in person for part of the 12-week program. Some can be completed virtually.
Matter is a 20-week accelerator program that focuses on design thinking. Based in both San Francisco and New York City, participants immerse themselves in a collaborative culture where they are taught to focus on creating human-centered offerings in order to fail fast and bring products to market sooner. The application process includes a pitch, project and finalist round that startups must go through in order to be selected.
Disney Accelerator focuses on aiding technology innovators that want to create entertainment and new media experiences. Getting involved with this accelerator means gaining access to creative expertise and resources of The Walt Disney Company. Disney selects about 10 companies a year for the program that begins in June and ends with a Demo Day in October.
This nationally ranked accelerator invests in high-growth startups, accepting up to five startups twice per year. Any startup can apply, but gener8tor places a high value on having a strong team. Selected teams receive access to capital, support and mentors through the residency based program, which is based in Madison and Milwaukee, Wisconsin.
Make in LA
Make in LA is an accelerator program that focuses on hardware startups. The Los Angeles based program involves four months of hands-on work, from building prototypes to preparing pitches for investors. Innovative hardware startups can apply online during the yearly application period.
Blue Startups, which is based in Honolulu, Hawaii, focuses on assisting scalable and capital efficient technology companies, especially those that address markets in both Asia and the U.S. Selected companies receive a 16-week intensive education program, one-on-one mentorship, access to capital, co-working space and a demo day event to pitch to investors.
StartFast is a mentorship-driven accelerator for startups working in software, mobile or internet. The three-month program in Syracuse, New York includes mentorship, access to capital and a demo day. Between five and ten startups are chosen to take part in the program each year.
Sixers Innovation Lab
The Philadelphia 76ers and Kimball Office partnered to create the Innovation Lab to cultivate and support the startup community in Southern New Jersey and Philadelphia. Startups accepted into the program will receive training and support, along with collaboration opportunities and the ability to participate in a demo day at the end of the program.
A Techstars program, Startup Next is actually a pre-accelerator designed to help startups get into top accelerator programs, raise seed rounds of funding or achieve other early goals. The five-week program includes mentorship, coaching and a speaker series. Alumni of the program also get exposure at events and investor introductions.
For startups involved in clinical research and applied sciences, especially in the area of genomics, Illumina Accelerator provides extensive mentorship, financial support lab space and more. Founders accepted into the program must work full time in the Bay Area during the six-month program.
Startup52 is an early-stage accelerator program in New York City that’s focused on promoting diversity. The accelerator accepts startups in various industries, but puts a big emphasis on the capabilities and diversity of founding team members. Accepted startups receive one-on-one mentorship, co-working space and other support tailored to each startup.
For startups involved in mobile technology and social media products, SaltMines Group in Vero Beach, Florida provides support, mentorship and education to take products from ideas to reality. The program helps entrepreneurs develop their products, raise capital and actually launch their mobile apps and social media products.
LightSpeed Innovations focuses on helping startups in the aerospace industry in Southern California. The accelerator works with companies at various stages of growth, so each company that applies and gets accepted can get a different experience. Some might require mentorship and investment opportunities, while others benefit more form networking and marketing services.
From visual effects studio Luma, Luma Launch is an accelerator for evolving technology and content startups in Santa Monica, California. Luma works with companies from the initial idea to pre-seed stage, providing custom tailored programs with qualified partners and mentors.
Capria is a Seattle-based investment firm and accelerator program focusing on global impact startups. The program aims to work with startups that develop innovative solutions to global problems, specifically those operating in emerging markets.
Cofound Harlem is an accelerator program in New York City that aims to build 100 companies in Harlem by the year 2020. The accelerator provides mentorship, education and other support to Harlem based startups and companies that want to make a real impact on the community.
This New York City based program is a one-week hyper-accelerator that brings in startups from around the world and connects them to members of the startup and technology communities in NYC. The VentureOut program features sessions on subjects ranging from leadership to sales, and ends with individual meetings and new client meetings at the end of the week.
The Yield Lab
The Yield Lab is an accelerator for agricultural technology companies based in St. Louis, Missouri. The accelerator aims to support early-stage companies that want to create more sustainable agricultural products and services through mentorship, investments and strategic partnerships.
* * *Accelerators may not be for every startup and some accelerators will obviously fit some startups better than others. But one of the most important things they offer beginning entrepreneurs is the chance not to have to go it alone. Take some time to review the programs listed above and look for other programs on sites like AngelList to find an opportunity right for you.
Accelerate Photo via Shutterstock
Other Images: XRC Labs, Matter, Make in LA, Philadelphia 76ers, Startup 52, Luma Launch, Venture Out
Originally published at smallbiztrends.com on August 16, 2016.