Benefits of Participating in an Accelerator

May 9, 2023

The Advantages of Accelerator Programs

Participating in an accelerator, you gain access to physical space and the camaraderie it provides. While this wasn't possible during the pandemic, more entrepreneurs are now taking advantage of open co-working spaces, offices, conference rooms, workbenches and other facilities. Not only is it nice to have the space, but you can also benefit from the emotional support that comes from being alongside other team members from different projects. Everyone is facing very similar challenges, and you can help one another by bouncing ideas around and engaging with CEOs and alumni. The Center for Entrepreneurship offers two pivotal programs: the ScaleUp accelerator and Startup Club. Both programs offer the critical connections. The ScaleUp Accelerator is a 9-month program with an individual mentor, and the Startup Club is organized in a way that participants get access to industry mentors and experts. The ScaleUp accelerator is a 9-month program where participants get access to key knowledge modules from marketing and sales to managing people and operations. Both programs are in-person with access to highly skilled mentors and business owners.

Key Organizations Involved

The Entrepreneurs' Organization (EO) is a global network of more than 14,000 influential business owners in over 60 countries. The organization focuses on empowering entrepreneurs with tools, resources, and networks to grow their businesses. Another key organization is the Ewing Marion Kauffman Foundation, which works to foster a society of economically independent individuals who are engaged in economic development and growth. The foundation supports educational and entrepreneurial programs with a keen focus on innovation and creating opportunities for youth and underrepresented communities. The US Department of State plays a crucial role in promoting entrepreneurship globally through various initiatives and programs that aim to build international partnerships and encourage economic development.