Startup accelerators are also named speed accelerators; they are fixed-term cohort-based programs which include mentorship and educational component and culminate in a public pitch event.
The startup creation machine provides some education capital, co-working space, product development spot, and access to a strong spot network.
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Here are some top accelerators:
1. Y combinator
Y combinator was founded in 2005 in Mountain View, California. This accelerator is made up of 60 employees. These team members have helped many startups. The Y combinator is top accelerator in the nation, and they have an unparalleled global reputation in the world of technology, the characteristic that set them apart at their incredible mentorship and capital network. Y Combinator hosts office hours that give founders quality and one-to-one attention with their mentors. In Y Combinator, there is no limit to how many meetings one can have with one mentor. The Y combinator is also well known by the vast alumni network. There is a strong ethos of helping out fellow YC founders, so whatever their problem, whatever you need. Even it is a place to stay in another city, there is a good chance someone in the network can help you.
2. 500 Startups
Five hundred startups were founded in 2010, and are the neighbors to Y combinator in Mountain View, California. In this, the team includes 59 members. It has a seed program and series of programs for investing, but that's not all they do. The team members remain passionate about fostering global partnerships, creating valuable startup ecosystems worldwide, running educational programs and events, etc. The main focus is diversity and inclusiveness in the startups of the world.
3. Techstars
Techstars are on the number third of top startups accelerators. It was founded in 2006 in the beautiful city of Boulder. It consists of 151 team members. Techstars is a worldwide network that provides clients with a 3-month program and shape business plans that are authentic and optimistic. When you become a family member of Techstars, you are in for life. They take much care of the members and give them the freedom to work and provide them a suitable environment.
4. Mass Challenge
Mass Challenge was founded in 2010. Their team members are 175. In Mass Challenge, they envision a creative hands part society in which everyone recognizes that they can define their future and are empowered to maximize their impact. They are obsessed with how can entrepreneur hours across any industry can make an impact. There is no equity and they are a not for profit organization.
5. Plug and Play
Plug and Play were founded in California in 2006. There are 125 employees who work at Plug and Play to make startups a success.
Plug and Play have 22 locations around the world. They offer members the total entrepreneur experience. They invest in over 100 started companies annually that they select on basis of certain criteria. They never take equity from those who join their program and their sub-startups of any size or at any stage of their development.
6. Coplex
The Coplex has 31 team members that work to ensure client satisfaction with mentorship services. They work with non-coding, subject matter experts and founders to co-create new software companies. The startup with ideas brings concepts to the table and are ready for an institutional seed investment.
7. Dreamit
Dreamit is founded and Pennsylvania. Dreamit is an accelerator and venture capital firm that focuses on career starters' growth with market-ready products. They provide the members with access to investors, sales pipelines and other resources.
Conclusion
Establishing a startup is a hard nut to crack but running it is even harder. Your startup can benefit from accelerators because they know about he needs of a newly established organization. Accelerators provide you with necessary support and knowledge to catalyze the growth of your startup.
