Accelerator programs get ideas into the cloud
As a result of the sudden emergence of these technologies, companies have also been created that focus only on helping small startups make their products into reality. One such company is TechStars. TechStars' mission is to take small startup companies and accelerate their growth. In other words, it will provide them with the resources and mentoring needed to build their companies.
Unfortunately, less than 1 percent of companies that apply for this program get accepted. However, of the ones that have completed the program, 92 percent are active and doing very well.
One program that TechStars offered in the past was a cloud development program based out of San Antonio. This program helped 10 companies, all of which involved cloud computing in one way or another, by providing them with workspace, funding, and mentoring by some of the most experienced people in the field. Its latest program is an IoT accelerator in which the company is partnering with New York digital ad agency R/GA.
The R/GA Connected Devices Accelerator, as it is known, is accepting 10 companies that present the best innovations using hardware, data, and digital services. Once chosen, these companies will go through a three-month incubation period. The resources include funding up to $120,000, a location in New York to work, design and development support, mentoring from industry leaders, access to prototyping equipment including 3D printers, and a launch presentation in Austin, Texas. In addition, after the incubation period ends, the companies will also be given the opportunity to present their products to select R/GA clients, angel investors, and the media in New York.
The general overview of the HAXLR8R program schedule via HAXLR8R.
Another very successful accelerator program, which concluded earlier this year, was the 111-day HAXLR8R program that took place in Shenzhen, China. In fact, this was the first accelerator program to focus on supporting hardware-based companies around the world. In many ways, it's similar to the TechStars program, in that it accepted 10 companies and will provide resources and a place to work throughout an incubation period.
"We are living in exciting times for hardware development. HAXLR8R is shaking up the industry and triggering the 'hardware renaissance' with a new approach to hardware product development. Through HAXLR8R, we are teaching the next generation of hardware entrepreneurs how to approach product development for quick results and scalability. This is something that has been lacking in hardware development to date," commented Cyril Ebersweiler, founder of HAXLR8R and venture partner at SOSventures, quoted on HAXLR8R's website.
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