Year-Round Recruiting of Startups for Acceleration Programmes

Read More
All Posts

Year-Round Recruiting of Startups for Acceleration Programmes

In today’s innovation industry, it's often the startup that calls all the shots. If you don’t want to fall behind, it is crucial to build and maintain strong relations with up-and-coming companies. You can avoid being left out by running a recruitment programme throughout the entire year. Consider adopting the following best practices to increase the chances of attracting the best and brightest of the startup world.

 

There are several ways to invest in a startup, you can be either an angel investor, venture capitalist or you can run acceleration programmes, which are established to support early-stage, growth-driven companies. The key features separating accelerators from other types are:

  • fix-term (usually up to 6 months) of the programme,
  • cohort organisation – several companies selected for one programme,
  • great emphasis placed on education and mentorship,
  • presentation given by the startups at the “demo day” which ends the programme.

The Importance of the Year-Round Recruiting

 

Remember that it’s the startup that chooses the programme and not another way around. Since the programmes have fixed terms and—in respect of submissions—resemble colleges, you are usually facing a fierce competition around the times of the application. If you don’t focus solely on those periods, the recruitment process will be less stressful and more successful.

 startups (1)-1

 

The benefits of the year-round recruiting of startups:

  • Increasing the chances of startups to apply to your acceleration programme
  • Lowering the cost of startup acquisition—there is no need to clash with other programmes
  • Avoiding the stress caused by the approaching deadline of startups acceptance, and settling for second-choice companies
  • Having the time to build and maintain close and personal relationships with the companies you are interested in, increasing the chances of being chosen by them

Acceleration Programmes’ Best Practices

 

In order to attract startups that show considerable potential you need to ensure that you:

  • are in close contact with each startup, your interactions with each startup are thus personal; given the cohort organisation, it would be easier—yet highly ineffective—to lump together the needs and expectations of all the startups taking part in a specific acceleration programme,
  • provide sufficient leverage in the form, for instance, of media reach or business connections,
  • help facilitate the performance of the startup’s business objectives, such as entering a new market,
  • are not the centre of attention by allowing the team to focus on the project; you should direct your attention to the education and mentorship aspects,
  • are establishing objectives of your own which—if not foreseen by the startup—may be its downfall, such as:
    • hiring additional personnel; a product-oriented startup will not succeed without a sales team,
    • acquiring further financing without which the company will not grow,
  • help the startup in a way that corresponds to your offer (shareholder equity ratio).

Attending Wolves Summit in October was very eye-opening with a lot of young, ambitious business founders who have real product, real service, who want to sell it to the real world and we were very impressed.

Stanisław Knaflewski, Altamira

Throughout the article, a great emphasis is placed on the long-term relationship with startups, and with reason. Here’s just a few:

  • It raises your profile as an acceleration programme
  • When the decision time arrives, the startup will remember your organisation since you were interested in the startup long before other programmes
  • Regardless of the time of year, you will be able to support startups
  • You will get ahead of and stand out from the competition because you have already established relations with different startups

When you understand the importance of staying connected with the innovation ecosystem all-year-round, and you decide to broaden your strategy accordingly, you will never struggle with filling the acceleration programme anymore. This will help you introduce innovation to your company sooner and stand out from the competition.

 362

 

All that can be achieved using the Wolves Match platform which allows you to be in close contact with the best tech startups, receive updates from them and obtain information regarding the new ones that joined the platform and fit your requirements. With the knowledge and the tool in hand you—undoubtedly—will attract the right startups for your acceleration programme which will appreciate both the time and effort and the money invested in them.
Wolves Match
Want to have a 24/7/365 online access to the best tech startups?

 

Test the features of Wolves Match!

All Posts

Year-Round Recruiting of Startups for Acceleration Programmes

In today’s innovation industry, it's often the startup that calls all the shots. If you don’t want to fall behind, it is crucial to build and maintain strong relations with up-and-coming companies. You can avoid being left out by running a recruitment programme throughout the entire year. Consider adopting the following best practices to increase the chances of attracting the best and brightest of the startup world.

 

There are several ways to invest in a startup, you can be either an angel investor, venture capitalist or you can run acceleration programmes, which are established to support early-stage, growth-driven companies. The key features separating accelerators from other types are:

  • fix-term (usually up to 6 months) of the programme,
  • cohort organisation – several companies selected for one programme,
  • great emphasis placed on education and mentorship,
  • presentation given by the startups at the “demo day” which ends the programme.

The Importance of the Year-Round Recruiting

 

Remember that it’s the startup that chooses the programme and not another way around. Since the programmes have fixed terms and—in respect of submissions—resemble colleges, you are usually facing a fierce competition around the times of the application. If you don’t focus solely on those periods, the recruitment process will be less stressful and more successful.

 startups (1)-1

 

The benefits of the year-round recruiting of startups:

  • Increasing the chances of startups to apply to your acceleration programme
  • Lowering the cost of startup acquisition—there is no need to clash with other programmes
  • Avoiding the stress caused by the approaching deadline of startups acceptance, and settling for second-choice companies
  • Having the time to build and maintain close and personal relationships with the companies you are interested in, increasing the chances of being chosen by them

Acceleration Programmes’ Best Practices

 

In order to attract startups that show considerable potential you need to ensure that you:

  • are in close contact with each startup, your interactions with each startup are thus personal; given the cohort organisation, it would be easier—yet highly ineffective—to lump together the needs and expectations of all the startups taking part in a specific acceleration programme,
  • provide sufficient leverage in the form, for instance, of media reach or business connections,
  • help facilitate the performance of the startup’s business objectives, such as entering a new market,
  • are not the centre of attention by allowing the team to focus on the project; you should direct your attention to the education and mentorship aspects,
  • are establishing objectives of your own which—if not foreseen by the startup—may be its downfall, such as:
    • hiring additional personnel; a product-oriented startup will not succeed without a sales team,
    • acquiring further financing without which the company will not grow,
  • help the startup in a way that corresponds to your offer (shareholder equity ratio).

Attending Wolves Summit in October was very eye-opening with a lot of young, ambitious business founders who have real product, real service, who want to sell it to the real world and we were very impressed.

Stanisław Knaflewski, Altamira

Throughout the article, a great emphasis is placed on the long-term relationship with startups, and with reason. Here’s just a few:

  • It raises your profile as an acceleration programme
  • When the decision time arrives, the startup will remember your organisation since you were interested in the startup long before other programmes
  • Regardless of the time of year, you will be able to support startups
  • You will get ahead of and stand out from the competition because you have already established relations with different startups

When you understand the importance of staying connected with the innovation ecosystem all-year-round, and you decide to broaden your strategy accordingly, you will never struggle with filling the acceleration programme anymore. This will help you introduce innovation to your company sooner and stand out from the competition.

 362

 

All that can be achieved using the Wolves Match platform which allows you to be in close contact with the best tech startups, receive updates from them and obtain information regarding the new ones that joined the platform and fit your requirements. With the knowledge and the tool in hand you—undoubtedly—will attract the right startups for your acceleration programme which will appreciate both the time and effort and the money invested in them.
Wolves Match
Want to have a 24/7/365 online access to the best tech startups?

 

Test the features of Wolves Match!

Related Posts

What Is Deep Tech Anyway? A Guide to Deep Tech Startups in CEE

Stop reading for a moment these days and you’ll miss out on a new business model or sector terminology. The world’s moving faster than ever before – just look at ‘deep tech.’ From 2015 to 2018, aggregate private investment in deep tech grew more than 20% each year, reaching almost $18 billion by the end of the period.  If you’re not exactly sure what ‘deep tech’ covers, we’ve got your back. Maybe you’re well across deep tech, but you want to know what CEE startups are offering in this area. To learn more about both – what deep tech is, and what deep tech startups in CEE are out and looking for investment (and where to meet them), read on.

  • 6 min read

The best investment you ever made: VC investing in CEE

VC Investing in CEE Unless you’ve had your head under a rock, you’ll know all about the explosion of investment opportunities in startups in Central and Eastern Europe (CEE). Low labour costs, high levels of education, and a young population all combine to create a hub of innovative software developers and engineers. If you’re keen to know about the opportunities for VC investing in CEE, and how to get in on the wealth of opportunities, read on.

  • 7 min read

5 Things CEE Startups Get Right

If you’re looking to invest in the next big thing, look to a region where investment is increasing 150% year on year, and startups are doing big (and original) things. You’ve heard of Avast (Czech Republic), TransferWise (Estonia), Skype (Estonia), Prezi (Hungary) or AeroMobil (Slovakia), right? Then it’s time to know more about the region that nurtured these disruptive technologies, and how. If you’re ready to know what it is that CEE startups get so right – and how to B2B with the next big thing – read on!

  • 6 min read