Ever tried? Ever failed? No matter.
Try Again. Fail again. Fail better.
Many of you who applied for the accelerator program at weXelerate and weren’t selected may wish to know why. Well, answering that question is not too easy, but nevertheless we give it a try.
First of all, we would like to thank you for applying and for your efforts you took to convince us. If you weren’t selected, we hope that you do not get discouraged and continue to build something great. We indeed hope, that you prove us wrong with our decision. As we got a massive number of excellent applications with only 50 places available, it was a big task selecting the first batch from so many innovative startups.
With that being said, we have identified four points that stand out why applicants did not make it onto our shortlist, and we hope this information may be useful to you:
- We made a mistake. As every investor or accelerator, the selection and evaluation process comes never without misinterpretation or wrong estimations.
- You are “too young”: Your startup is too early stage for the weXelerate accelerator program, as we focus on startups that can leverage its product/service together with corporate partners, we have to be sure that you are ready for expansion and acceleration on the market and sales side
- No ready match: There were many startups with great product and business ideas among the applications, but unfortunately there was no counterpart on our corporate side that fit to you as a partner. Our program works best if there are touch points between startups and corporates that enable you to grow.
- Communication: Sometimes we didn’t understand your pitch clearly enough. What exactly do you do, what is your USP and what have you achieved already? Buzzwords like “game changer” sound great, but remember you have to convince people how you are going to change the game and why they should be working with you.
Greetings from the weXelerate team in Vienna!