Since around 2007 there has been a huge outburst of accelerators around the world, especially so in Europe. Yet, since the whole concept is fairly new, there are a lot of questions surrounding the practice. Are accelerators successful? Will it be easier to raise money after an accelerator? How much value can an accelerator program add to your company?
These and many other questions, are difficult to answer. Especially so, when there is very little data available on them. Sure there is some public data, that accelerators must submit, but it is very hard to get a hold of real hard-core statistics. Unless of course an accelerator comes up to you and passes on all of their “books” to you. This is what Accelerace from Denmark basically did and there is a lot to learn from what was inside.
As equity crowdfunding is starting to become more widely accepted, even newer ways of funding and starting a company emerge. Take a look at the recently announced partnership between the originally Swedish crowdfunding company FundedByMe and the Danish accelerator program - Accelerace.
The two companies intend to both “push and pull” startups from and to one another. In other words, you could go through the Accelerace accelerator program and then immediately jump onto the FundedByMe crowdfunding platform in a few easy steps. Alternatively, you could go to FundedByMe directly and then take part in the accelerator program after you are done. You could even include you intentions in your pitch, for example.
Ever wish you had an entire city with next-generation infrastructure to test out your startup on? That's one thing Danish accelerator Accelerace can hook your startup up with this fall, and we're looking at their new program as a chance to cover the accelerator properly. We've written about a number of the companies they've helped accelerate, but for the first time we're taking a deeper look at the accelerator that bills themselves as "an actual accelerator". Looking at their own stats, since 2008 they've worked with over 188 startups and spin-offs, and their startups have received more than €72 million in funding.
As a brief overview of the Copenhagen-based accelerator's normal operations, companies participate in the Accelerace acceleration program for six months, where Christian Hvashøj Schaarup says that they work approximately 200 hours per company to mentor their business and prepare them for future venture capital.