Applications for the first weXelerate accelerator program starting on 15th September are already coming in. So what can the first 50 startups expect once they have moved into the Design Tower and are ready to get going?
At weXelerate startups are joining Europe’s most enterprising accelerator program and will be working closely with corporates. They can choose the type of support they need in order to get their businesses up and running.
Startups are encouraged to select from a choice of in-house programs. They can decide what meets their needs best in order to speed up their “go to market”. “There isn’t a one program fits all, where everybody is following the same thing. The startups decide, and they can choose their programs”, says Mona Hübl, Program Manager at weXelerate.
Some startups may need to do more work on their prototyping, while others may wish to fine-tune their value proposition by testing and finding out how their potential customers benefit.
One step further ahead and the startups could be focusing on scaling-up, searching and identifying partners and investors.
“The mindset at weXelerate is entrepreneurial. We expect participants of our program to take advantage of what’s on offer and to make the most of it”, says Managing Partner Stephan Jung.
At weXelerate startups have direct access to corporates in the fields of banking, insurance, media, industry 4.0, and other tech-sectors, sharing their technology and industry know-how.
In the early days of your business it is vital to receive consulting to make sure your products and services are competing in the right markets and that you understand and address your customer needs thoroughly. At weXelerate there is a network of mentors who are international executives and experienced founders. They will be supporting you by asking questions about your “go to market” process and how to look ahead by thinking and planning your next moves.
wireX magazine asked Stephan Jung what would a startup have gained after completing the four months accelerator program at weXelerate? “Ideally you would have found a customer, your financing would be signed and sealed, and you may have a corporation partner, and built up your team.”
Some startups will have worked out during the accelerator program that their business model needs a tweak or a change in direction to find its market. Being able to act on this early on, without wasting time, money and energy makes a good start.
More information on the startup programs