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What is a startup accelerator?
Beth Zonis, Northeast Regional Director
Cleantech Open
November 28, 2018
1
2
ac·cel·er·a·tor
/əkˈseləˌrādər/
noun
a person or thing that
causes something to
happen or develop more
quickly
It’s about more than speed
3
Key questions
● Who cares?
● Why should you care?
● What is it all about?
● Where is it?
● When does it take place?
● How does it work?
4
● Who cares? Early stage startups
● Why should you care? Test your
assumptions and accelerate the growth
of your startup
● What is it all about? It’s like a mini MBA
for your startup -- with a curriculum,
mentoring, funding and community
involvement
● Where is it? It’s virtual, with in-person
events
● When does it take place? Apply in April,
the program runs May to October
● How does it work? Keep reading!
The Cleantech Open example
5
Education
● 5-month online curriculum
● Multiple events: 2-day Academy; 5 business
clinics; 2-day finals with judging, expo,
investor meetings, pitching and awards
Mentorship
● 4 mentors per startup
Financing
● Investor Connect
● Competition & awards
Community
● Cleantech Open ecosystem
What can you expect from your
Cleantech Open experience?
6
Cleantech Open startup accelerator provides...
Services Example: Cleantech Open Details
Education 5-month online curriculum with in-
person programming
● From Business Model Canvas to
Executive Summary and Pitch
● Academy, Business Clinics, Showcase,
Investor Connect, Pitching, Awards
Mentorship 4 mentors per startup Advice and feedback from many and varied
professionals
Financing Investor Connect
Competition & awards
● Introductions to strategics, VCs,
angels, impact investors
● Opportunities to compete for funding
opportunities
● Prizes (cash and in-kind services)
Community Cleantech innovation ecosystem Connections
2018 at a Glance
390 Northeast Alumni to Date
• 30 Graduates
• +400 Volunteers
• 4 Mentor matches per team
• 57 Applicants
• $40,000 in regional prizes
• 98% Recommendation Rate
Highlights from 2018 cohort
7
4 Regional
Winners:
Acoustic Diagnostic System
Aquova Water
Radical Plastics
Social Solar
8
The community makes it work!
9
Thank you!
cleantechopen.org
Beth E. Zonis
Regional Director
http://linkedin.com/in/bethzonis

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What is a startup accelerator - Cleantech Open example

  • 1. What is a startup accelerator? Beth Zonis, Northeast Regional Director Cleantech Open November 28, 2018 1
  • 2. 2 ac·cel·er·a·tor /əkˈseləˌrādər/ noun a person or thing that causes something to happen or develop more quickly It’s about more than speed
  • 3. 3 Key questions ● Who cares? ● Why should you care? ● What is it all about? ● Where is it? ● When does it take place? ● How does it work?
  • 4. 4 ● Who cares? Early stage startups ● Why should you care? Test your assumptions and accelerate the growth of your startup ● What is it all about? It’s like a mini MBA for your startup -- with a curriculum, mentoring, funding and community involvement ● Where is it? It’s virtual, with in-person events ● When does it take place? Apply in April, the program runs May to October ● How does it work? Keep reading! The Cleantech Open example
  • 5. 5 Education ● 5-month online curriculum ● Multiple events: 2-day Academy; 5 business clinics; 2-day finals with judging, expo, investor meetings, pitching and awards Mentorship ● 4 mentors per startup Financing ● Investor Connect ● Competition & awards Community ● Cleantech Open ecosystem What can you expect from your Cleantech Open experience?
  • 6. 6 Cleantech Open startup accelerator provides... Services Example: Cleantech Open Details Education 5-month online curriculum with in- person programming ● From Business Model Canvas to Executive Summary and Pitch ● Academy, Business Clinics, Showcase, Investor Connect, Pitching, Awards Mentorship 4 mentors per startup Advice and feedback from many and varied professionals Financing Investor Connect Competition & awards ● Introductions to strategics, VCs, angels, impact investors ● Opportunities to compete for funding opportunities ● Prizes (cash and in-kind services) Community Cleantech innovation ecosystem Connections
  • 7. 2018 at a Glance 390 Northeast Alumni to Date • 30 Graduates • +400 Volunteers • 4 Mentor matches per team • 57 Applicants • $40,000 in regional prizes • 98% Recommendation Rate Highlights from 2018 cohort 7 4 Regional Winners: Acoustic Diagnostic System Aquova Water Radical Plastics Social Solar
  • 9. 9 Thank you! cleantechopen.org Beth E. Zonis Regional Director http://linkedin.com/in/bethzonis