Support for startups and scaleups: the latest new twists
Six developments all designed to enhance interactions among and between the entrepreneurs in Accelerator programmes, their mentor community, VCs and relevant corporates.
FinTech in London could hardly be more topical or more relevant; and Startupbootcamp is among the most experienced of support programmes. So what is new in their latest programme? (For a description of a recent programme, see http://wp.me/p3beJt-8W)
- They have invited one startup to be a startup-in-residence – to add to and benefit from the experience of being in the Accelerator.
- They are running three, yes three, mentor matching days in the first four weeks of the twelve week programme. This acknowledges that match-making is a chancy business, and that as a new business evolves its needs for help evolve too.
- They are running a social meeting for their mentor community, where an inspiring entrepreneur will share his/her story, which will also provide an opportunity for mentors to share their own experience.
- They are holding a meeting well into the programme at which heads of innovation in this case from major financial institutions will debate how they can best work with startups – an opportunity for those present to exchange experience.
- And they are holding regular weekly ‘Coffee Houses’ – expert gatherings for mentors to meet informally with startups to discuss their challenges in the week to come, each one focused progressively on a topic of the moment.
- Finally, some incubators arrange a session at which a number of VCs can listen to pitches from emerging businesses so that they might keep in touch with those that interest them.
Chance meetings are well-recognised as among the best sources of support, and time is so vital to every young business that anything that can increase the chances of a good chance is valuable.
See also ‘Design you own Accelerators’ http://wp.me/p3beJt-K.
John Whatmore, October 2016.