Equity Funding: Accelerators and Incubators
This is the third of a series of blogs to describe all of the common sources of equity funding. In this article, you will find key information about accelerators and incubators.
Raising capital is difficult before you figure out your product/market fit, especially in competitive areas like mobile apps. Accelerators/incubators are often a good resource as they can provide some seed funding besides other resources. Some accelerators invest in their cohort startups, others provide access to a network of investors. You will also co-locate with other entrepreneurs in a similar sector or stage of development. Simply put, accelerators provide a support environment for startups to grow. That includes space, access to professionals, mentoring, legal advice, workshops, and access to funding!
£10k - £100k
Generally operate as cohorts over anywhere from 3 months to a year or more, with application deadlines for each cohort.
There are close to 200 accelerators with different stage, regional or sector focusses in the UK. Here are some of the largest accelerator programmes in the UK.
London & Partners
The Accelerator Network
Often provide seed funding and office space, as well as hands on support and mentorship
Access to their network
Some offer better mentorship than others
Long programme with just a little funding
Sometimes charge rent and other fees
F6S - Find and apply to accelerators all over the world.
Crunchbase - List of accelerators.
Beauhurst - UK accelerator programmes