Accelerator programs are now an integral part of the startup ecosystem. They are fellowship programs that help develop and fund startups and corporate internal teams which usually include mentorship and educational components and culminate in a public pitch event. There are a number of reasons why one should join an accelerator program.
Discipline and structure
One might have a product, idea or prototype but needs support and structure to take it to the next level. Accelerators can basically put “meat on the bone” on a startup by introducing precision around product development, metrics, and benchmarks and help provide a focus and goal that the startup wants to achieve.
Joining an accelerator will help one to cut- short the lengthy business development process and rapidly accelerate the business. A business can be introduced to customers and one can quickly start getting revenues through an accelerator, given the product or service is great.
Raising money is never an easy job. A good accelerator would prepare one for financing, not just by introducing them to investors, but by actually working with them to help ensure that they have an interesting, healthy and defensible business.
Mentorship & feedback
An accelerator is an ideal place as it connects startups with a large network of people who can provide advice and guidance. These are people who have been there and done that. A network of top entrepreneurs, executives, and investors who share their experience, provide feedback, and guidance can really accelerate your business.
Engaging work environment and co-opetition
Accelerator environment is typically very intense. There are any challenges to overcome in the long hours. An accelerator offers a place where entrepreneurs can work together. It creates a workplace that fosters collaboration, cooperation, idea sharing, and support. It is a place where entrepreneurs can be inspired, motivated and encouraged.
GPAccelerator, one of the top accelerator program in Bangladesh is taking application for its 3rd Batch. Grameenphone, in partnership with SD ASIA, had started this accelerator program back in 2015. Till now 9 startups graduated from this program who are now doing great in their respective fields. The seed-funding, expert mentors, in-house mentors, and the top-notch curricula provide the participating startups with a roadmap and guidance to success.
Interested tech startups, who already have an MVP can apply for the program here. The application round will close on 4th March.
So, HURRY UP and accelerate your startup with GPAccelerator.