A flurry of specialised accelerators – in partnerships with leading organisations Accelerators are increasingly being targeted at special sectors. Set up in partnership with leading organisations – in fintech, fashion, communications, the arts, traveltech, future cities, restaurants, grocery and ‘ideas’ – they provide expert support to their entrepreneurs. Nottingham’s BioCity offers a model for clusters, catapults, incubators, science parks and innovation catalysts alike.
Both Accenture and Startupbootcamp have recently run Accelerator programmes in Fintech, for up to ten teams – drawn from worldwide, each programme under the auspices of groups of banks – Accenture’s at Level39 at Canary Wharf, and Startupbootcamp’s at the Rainmaking Loft.
The Trampery’s Fashion Lab, in partnership with the London College of Fashion, is designed to support early-stage fashion designers as they innovate their business, products and services as well as providing expert guidance in the fields of finance, legal, manufacturing and marketing.
Publicis, in collaboration with the Trampery, has developed an initiative called ‘Publicis Drugstore’ around a new innovation facility in the heart of London’s Tech City, available to all Publicis clients, to help multinationals and high-growth enterprises work together to spearhead innovation and change. It consists of a suite of services and products from ‘supper clubs’ and ‘meet the makers’ workshops, through coding classes and hackathons to fully managed incubator programmes.
Fish Island Labs is a small short-term workspace in a remote part of East London set up by the Trampery in partnership with the Barbican for a community of some thirty emerging practitioners in different disciplines – artists, technologists and designers – to work creatively together and with new technologies, enabling them to cross boundaries.
The Trampery’s Traveltech Lab is a new, a well-designed working environment in central London that provides a global springboard for startups working in travel, tourism, hospitality and events. They will be supported in looking for investment, alpha customers, promotion or resellers, with privileged access to senior industry executives, investors, mentors and media through London & Partners network; and regular socials and events bringing leading figures in to offer advice and inspiration.
Level39 recently launched its Cognicity Challenge – seeking applications from smart cities technology companies in its quest for ‘the city of the future’, whose the first two streams are about Sustainable Buildings and Integrated Transportation. From the applicants to each stream, six startups are to be selected to enter 12-week accelerators and work with leading technology companies and Canary Wharf Group teams to develop new smart city solutions, the winner receiving a £50,000 cash prize and the opportunity to pilot their solutions in the ongoing development of Canary Wharf and create a showcase connected city.
Kitchenette is a 12-week pop-up Accelerator that aims to coach people who are looking to start a restaurant. Pop-ups like Street food, market stalls and Supper clubs provide opportunities to develop your product ahead of any full-scale launch, and the programme includes a residence at the Kitchenette restaurant in Ladroke Grove. Participants have mentors including advisers from among existing restauranteurs, property developers and investors.
In partnership with Bathtub 2 Boardroom, the Grocery Accelerator is another similar approach – just launched, for brands in food and drink with hi-growth potential. The six month programme (non-residential) includes close mentoring and coaching from industry experts, with input from Ocado, senior buyers and specialists in branding, product development, logistics and finance, with the bonus of a three day trip to the States’ largest food fair (New York).
Second Home Accelerator at Brick Lane, is a startup community primarily about creative agencies, fashion, design, art and finance, whose common theme might be ‘ideas’, which is what Rohan Silva, its creater and founder of Tech City, is best known for. Big companies, he says, want to be next to small ones, to be close to innovation. Second Home is equipped to a high spec because startups should not have to endure the ‘crappiest digs’ when ‘Google is spending £1bn on its new HQ in Kings Cross as a beacon for talent.’
Last year, BioCity, a Biocience incubator in Nottingham, set up a novel Accelerator in partnership with Nottingham City Council under the government’s Cities Programme, which sought to bring together issues in local clusters with people who had viable ideas and to help them to develop those ideas over a period, some of which might end up in BioCity – an aggregation of partners that should inspire other cities and their clusters. http://wp.me/p3beJt-8A
See also in Applied Creativity (http://johnwhatmore.com):
Stories from the front line: what Startups value most in Accelerators What they got out of Office Hours, group lunches, others on the programme, their first meeting with mentors, mentor slots and other events. http://wp.me/p3beJt-a7 Feb 2015
I interview the ‘best mentor’ in Startupbootcamp’s FinTech Accelerator In and out frequently, he steadily evolved his role by offering the wealth and breadth of experience of a life-time’s work in a top bank – clarifying progress and problems, acting as a sounding board, offering experienced insights, and marshalling help. http://wp.me/p3beJt-9P Dec 2014
Good Incubation: the craft of supporting early-stage social ventures
Models, methods and types of venture, together with some views about the future.
www.nesta.org.uk/publications/good-incubation April 2014
Making it big: Suggested strategies for scaling social innovations
An analysis of destinations, routes and strategies, together with some stories.