Accelerators supercharging start-ups
Tony Peacock recently attended the launch of the APEC Accelerator Network in Taichung, Taiwan. He reports here on how Business Accelerators are helping tech start-ups speed up business development.
It has never been easier to start a company. Accelerators are a pressure cooker environment to rapidly develop an early stage start-up business. Through shared work space, peer support and intense coaching, young companies can get themselves into shape for investment – or they might decide as a result of the acceleration process to fail early and move on.
Accelerators are popping up around the world, many of them concentrating on digital companies, hoping to discover or nurture the next Google or Facebook. Usually a group of companies – or ideas for companies – will go through a two- to six-month intensive program of business development to test whether their product and business model has wings. They might share lab or work space and even sometimes live in dormitories and pull overnight “hackathon” sessions, and the like, to break through to new levels of development......
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