How does a business accelerator work?

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rubinaruma
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How does a business accelerator work?

Post by rubinaruma »

Despite the strong development of new companies in Latin America, staying in the market requires a lot of effort, especially given the unstable economic outlook in the region. Hence the importance of accelerators!

A business accelerator is a company that is dedicated to promoting the development of startups and other companies that begin their corporate career by carrying out activities that provide knowledge and advice. In parallel, these companies invest seed capital, enabling new ventures to scale and reach better positions in their field in a faster and more promising way.

Thus, we can say that the operation of an accelerator is based on the austria phone number list structuring of a program that allows mitigating the risks inherent to the early stages and encourages the growth of businesses with little capital, but with great profitable potential.

In practical terms, a business accelerator sets up a “university” for entrepreneurs and corporate leaders, providing specific knowledge in areas such as operations, finance, talent management, technology and innovation.

In addition to promoting educational programs, these accelerators provide financial resources to help their “students” achieve their goals so that they can raise capital from other investors in the future.



To be supported by an accelerator, startups must undergo a robust selection process conducted by a team of specialists. In addition to identifying the most promising new businesses, these experts coach entrepreneurs and foster company growth by providing them with cognitive and financial resources .
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