But what you probably didn’t know is that these digitally native giants got their start with successful exits from.
Startup acceleration is playing an increasingly important role in the early-stage startup ecosystem, as observed by the proliferation of accelerator programs in the United States and abroad in the past decade.
Startup accelerators are cohort-based programs* that provide mentorship services, education, networking, and recognition for early-stage startups that want to scale their product or service rapidly.
The goal is in the name: startup accelerators exist to accelerate your startup’s growth.
Startup accelerators help entrepreneurs turn their learning and knowledge into action.
Because of their notably short durations, startup accelerators allow entrepreneurs to take what normally takes years worth of learning and work, and streamline it into just a few months, with an emphasis on learning by doing. Startup accelerators provide:
Principally, they facilitate real scale testing and validation of startup solutions in an established time period.
Startup accelerators also provide educational resources and services to help guide entrepreneurs through the complexities of growing their businesses.
These programs also promote engagement with other stakeholders and leaders in the industry, which provides the opportunity for future collaboration.
The network and the relationships that you can form during an accelerator program can help you to further achieve your growth strategy and acquire the right resources, even after the program close.
Learn more about
Intend to help entrepreneurs see growth, business success, and profitability.
Work with early-stage startups with existing business models and products already validated in the market.
Offer similar services to entrepreneurs such as support, networking, recognition, and mentoring.
Startups with a solid foundation, which allows efforts to be centered entirely on growth.
Shorter duration, from one to six months.
Tend to provide seed investment to the participating startups.
Learn more about
INCUBATORS
Intend to help entrepreneurs see growth, business success, and profitability.
Work with newly launched startups in order to develop their product or service and business model from the ground up.
Offer similar services to entrepreneurs such as support, networking, recognition, and mentoring.
Startups with product development, establishing and refining their business plans.
Longer in duration, lasting anywhere from one to a few years. Since they help entrepreneurs essentially build their businesses from scratch.
Do not tend to provide seed investment to the participating startups.
What’s more, accelerators have a proven success rate of helping startups scale their businesses, with benefits extending to all stakeholders involved, such as investors and corporate partners. However, this success is greatly dependent on the commitment of the founders and members involved in the program. Accelerators assume a substantial investment in terms of time and engagement from all team members involved.
If you are committed to achieving growth rapidly and efficiently and willing to make a substantial time commitment, accelerators can be incredibly rewarding for your startup. However, the results don’t simply occur overnight; consistent hard work is required.
Before you decide whether a startup accelerator is right for you, it’s important to have your business objectives clear and understand the process and responsibility that your startup’s participation implies.
STARTUPS
A corporate
Cemex employees
Remember, not all accelerators are the same. The most useful ones are those with the most established connections to a wide network of investors.
CEMEX’s strategic presence across the Americas, the Caribbean, Europe, Africa, the Middle East and Asia, along with its trade relationships in 96 nations and notoriety as one of the world’s top traders of cement and clinker, can provide your startup with the resources and network required to ignite its growth!
Moreover, if you want to make connections and gain valuable insights from the industry in which you’re operating, it can be advantageous to join an industry-specific accelerator program.
CEMEX’s corporate accelerator program that launched this autumn
Our purpose is to invite, support and give visibility to global entrepreneurs who are willing to disrupt the construction industry and are interested in accelerating their solution’s development by leveraging CEMEX’s resources and industry knowledge.
CEMEX Ventures Leaplab’s offering includes:
Be part of the next edition of the Leaplab acceleration program!
