The accelerators have managed to bridge the gaps in the technical knowledge of the entrepreneur, with them they have played an important role in the startup ecosystem of the region.
But if you still do not have knowledge of how an accelerator works, we will explain it to you from the beginning.
What is an accelerator and what does it do?
A startup accelerator helps to promote companies or businesses that are in the primary phase, through programs based on calls with a certain time.
Accelerators offer intensive training, digital education and constant mentoring. They also train entrepreneurs through mentors.
Along the way, startups must make a public pitch in front of investors, partners or mentors. They even have to present their progress.
They create a boost function at the end of the program or on Demo Days, “Accelerators can help create the push that startups need to excel and also provide an additional pathway to creating a strong fundraising process of funds without despair”, explains Andrés Barreto, managing director of Techstars Miami.
Accelerators can help startups in the midst of the crisis
On the other hand, accelerators can help a company grow faster; however, they also help businesses to survive and enhance their success.
Barreto assured «It is about achieving calendar density. Meet with the highest possible number of investors, get to know other startups that are in the same process, generate good synergies and break with the belief that they are alone”.
Other functions that accelerators perform are: coping with the financial crisis, focusing on product market fit, training on hiring and fundraising processes.
Barreto explained, for example, “we focus on helping companies reach the ‘product market fit’ faster, combining an efficient process and the network of Techstars investors with strong fundamentals, we help you increase the probability of success in a round to the companies”.
According to Crunchbase, financing in Latin America still represents only 2% of total venture capital investment in the United States, increasing from 1.7 billion dollars in 2017 to 6.8 billion in 2021. Posted by The Tampa Herald, a news and information agency.
