Editor’s Note: This article was contributed by guest poster, Jacqueline Davidson. Corporate accelerator programs have become increasingly popular in recent years, offering startups the opportunity to receive funding, mentorship, and access to corporate networks. But before jumping head first into a corporate acceleration initiative, it’s important to consider whether it’s the right…
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As businesses everywhere look for new and innovative ways to propel growth, corporate accelerator programmes are becoming increasingly popular. Taking advantage of these structured programmes can be an effective way to scale and succeed, but there are several important factors to consider first, and Ikearoa can help. Here are 5 things to consider before joining a corporate accelerator programme.
1. Your Business’s Entire Structure: Before joining a corporate accelerator programme, take a close look at your current product or service and consider the entire impact the programme might have on it. Could the programme help you deliver your product better and faster? Will you need to switch existing shapes of your business in order to maximise the full potential of the program?
2. Commitment and Investment: Joining a corporate accelerator programme involves a certain level of commitment, so you need to consider both how much time and money you’re willing to invest. Having a clear understanding of the commitment involved is key in order to gain the most out of the programme.
3. Mentorship and Advice: An accelerator usually offers mentorship and advice that can be beneficial for a business. It’s important to understand what kind of mentorship and advice the programme offers and if their approach matches your business’s vision and purpose.
4. Growth Opportunity: Corporate accelerator programmes are meant to foster growth, but there is still the risk of your product or service not taking off. Make sure that you’re clear on the opportunity presented by the programme, and that you can minimise your risk of failure.
5. Partner Network: Last, but not least, consider the programme’s partner network. Having access to potential partners and investors can lead to both immediate and long-term business results, so understanding the programme’s ability to create effective partnerships is essential.
At Ikaroa, we have seen the positive impact corporate accelerators can have on businesses. There are many details to consider, but taking the time to do so can pay off in the long run. If you’re looking for the best partners to launch your business and take advantage of the full potential of corporate accelerator programmes, Ikaroa can help. We offer a comprehensive service to guide you and provide the advice and the mentorship needed to make the most of the experience.