OBJECTIVES
● To maintain a strong network of founders and ex founders
● To have a strong fundraising option
ABOUT THE EVENT
The session gave us a clarity on how the setting up of accelerators in any start up would help the business. Participating in an accelerator and the ensuing fundraising process is an intense experience, but it helps forge strong bonds between cohort members. We were taught about importance of accelerators like they help in validating your idea, providing comprehensive support, learning what investors want, cutting edge facility, A good program will test your assumptions and critique your methods with the aim of leading to a robust, defensible and credible proposition. You should also have the opportunity to learn about key concepts such as financial forecasting, minimum viable product, product road mapping, and intellectual property legislation. Being equipped with this sort of knowledge will
be invaluable in your entrepreneurship journey.
CONCLUSION
Ultimately, participating in an accelerator can be helpful to your start-ups. Make sure you’re extremely selective with which program you choose and try to time your participation in such a way that fundraising starts immediately after the program ends. A great accelerator can absolutely be an once-in-a-lifetime opportunity to kick your company into a higher gear. Don’t expect the accelerator to be a silver bullet that automatically catapults you to fame, fortune and fundraising glory though. Remember that it’s just an opportunity, not a guarantee. The onus is still on you to make it worth your while.
About ISBR: ISBR Business School, Bangalore-based, Top Class B School for PGDM or MBA, Consistently ranked as best B School in India, AICTE-CII Platinum Category, with multiple specializations