Because most startups need early investors to get started, applying to a startup accelerator is a great way to promote early business growth and fuel your entrepreneurship. But before diving in, it is best to understand what a startup accelerator is and exactly how it can help you grow your business.
THE BASICS OF A STARTUP ACCELERATOR
A startup accelerator will provide your startup with support in the form of expert mentor access, flexible office space, peer mentorship programs, marketing support, and seed investment in the hopes that your business will begin to flourish. In its most basic form, a startup accelerator serves as an early investor for a new business.
EARLY SUPPORT FOR YOUR ENTREPRENEURSHIP
While the startup accelerator process is quite short—usually only lasting a few months, at most—it provides new businesses with incredible information, resources, and opportunities. By pairing you with a mentor, a startup accelerator can help guide you on how to best develop your startup and create a pitch that is attractive to future investors.
THE BEST CANDIDATES FOR A STARTUP ACCELERATOR
If you are looking to take your startup to the next level, then you may want to consider applying to a startup accelerator. Although, applying for a startup accelerator is a highly competitive process, so it can be helpful to know if you are a good candidate. Typically, startup accelerators work best for those with already-established startups. A good candidate will already have a business name, product, and business model.
However, if you’re still at the very beginning stage of the entrepreneurship process, then you’ll have more success applying to a business incubator, which is more focused on helping you develop a business model rather than developing an existing one.
STARTUP SUPPORT FOR CONTINUED HIGH POINT BUSINESS GROWTH
Accelerate your startup with Business High Point-Chamber of Commerce. At BHP-CC, we empower changemakers in our community to think big, dream big and make big things happen. Whether you’re an entrepreneur getting a new business off the ground, an executive growing a business to new heights, or an ambitious professional ready to supercharge your career, we’ll help you advance to the next stage with comprehensive leadership programming, industry-specific coaching, and business growth resources needed for success. To learn more, contact us today.