We have discussed in a previous article about the differences between startup incubators and accelerators, together with some pieces of advice on how to adjust the opportunities that such a program can offer with a startup’s size, stage of development, timing and more.
In the following paragraphs we’ll talk about the ups and downs of opting for these two types of programs.
It provides entrepreneurs with office space, administrative and support services
It grants companies access to a strong business network
It helps entrepreneurs improve in areas such as public speaking and strategic thinking
It offers assistance when it comes to financial and legal aspects of their business
Incubators and accelerators are a good way of helping your business. In order to know which incubator or accelerator to choose from, we’ve put together pieces of information to help you understand more about these two types of programs. Let’s get started!
What are the differences between incubators and accelerators?
Incubators are the go-to place for any early stage startup. Startup companies enrol in this type of programs for a period of 2-3 years and also receive support prior to product or service launch.
Fear of failure is one of the main reasons why lots of great ideas have not been developed in Europe yet. FACE Entrepreneurship is a European Commission project, born to promote ICT entrepreneurship by working through key aspects such as risk aversion, resilience and the current concept of failure.
Perceived capabilities and opportunities to startup a business in Europe are lower than in any other continent, according to the last “Global Entrepreneurship Monitor Report”. Moreover, 39.1 per cent of the adults with entrepreneurial intentions in Europe stated that they would be prevented from starting up a business because of fear of failure.
During the opening of the last edition of Techsylvania, Tim Draper, one of the world-renowned venture capital investors, had a talk about an opportunity for challenging ideas to become viable businesses. He also launched an invitation for the winners of our startup competition to join one of the programs at Draper University, where he is the founder.
What is Draper University?
Draper University is a platform for young, ambitious entrepreneurs who aspire to become leaders. The school acts as a portal where students learn and strive to unlock a community while attending the crash course in entrepreneurship.
Thanks to their experiential learning oriented methodology, Draper University has nurtured 200 startups and counting, that over time have raised more than $25 million.
What an energy today, on the second day of Techsylvania conference! We have good reasons to say that, with all the speakers in the house taking on some hot and great topics that really challenged us to look into the tech and innovation world a little bit further.
The day started with Mark Shuttleworth, the Ubuntu founder who gave us a demo on how IoT and programming will be changed in the future, making all the developers in the room quite happy.
The long-awaited moment has arrived, and we successfully check day one of Techsylvania conference off our list. But let us name at least a few of the most impressive things we’ve seen and learned today.
Techsylvania Conference Stage
There is a saying that who wakes up early goes far and we can totally agree with that, as it has all started early in the morning until the evening, with condensed talks of 20 minutes each, resuming all with about 22 speakers, including Tim Draper, DFJ founder, the highly reputed American investor to honour us into opening the conference.
Right now, as we are writing this from the Techsylvania event that has started this weekend, 16 candidates for the Startup Avalanche competition are preparing their pitches that can take them to Silicon Valley. We are therefore presenting them to you, as we might assume they will soon become some valuable and notorious businesses that will change the tech scene, names that you will definitely hear more about in the near future.
It’s the end of day two at the Techsylvania hackathon, which means the teams have presented their projects in front of our jury. After a full day and night of hacking, the 16 teams have each had their 4 minutes of demos. But only a handful of them impressed the jurors and won the big prizes. Read on to find out who they are!
A room filled with more than 130 developers, 24 hours of hacking, 16 ideas and over 20 cutting-edge gadgets to work on. We are here at the Techsylvania hackathon and these numbers represent only a part of what is going on for the two days.
Is there more to the Techsylvania conference than the already announced number of over 40 speakers, the incredible networking with more than 1000 people and the startup competition that drives one startup to Silicon Valley?