Review on Alchemist Accelerator by Douglas Cachazo
Alchemist Accelerator: Accelerator project that supports entrepreneurial companies with other companies with financial power.
The importance of the accelerator companies lies in the benefits that all the actors involved obtain directly and other benefits they bring to the economies and societies where the emerging entrepreneurial companies reside.
Entrepreneurs benefit by seeing their projects grow successfully with the help of accelerator incubator companies such as Alchemist, investment companies benefit because they obtain a satisfactory reimbursement, sometimes they absorb shares of the ventures and in good cases they benefit by reducing costs due to the benefits they obtain from the successful companies financed. The economies and societies of the countries where the ventures reside also benefit because they generate jobs and the new companies generally generate sources of incoming foreign currency to them.
To apply for its accelerator programs, a very complete form must be filled out on its web portal, with very specific required data, it is denoted that it is aimed at duly formed companies, it should be noted that it can be integrated by a single entrepreneur but gives preference to at least 3 members, in case of applying an on-site interview will be conducted according to available locations, and if you are accepted you can join the on-site program with a duration of 6 months of intense work. The ventures should preferably be in the areas of information technology, innovative software, industrial, food production, energy, technology, banking and biosecurity. The investing companies are large corporations such as Volvo, General Electric, BASF, Cisco and many others.
At the end of the start-up you will receive, if necessary, more investment capital and a whole network of companies to market your venture.
It is worth mentioning that they have already opened a call for applications, which ends in May of this year.
Pros
- Accelerator with corporations that will finance new entrepreneurial ventures.
- Selective programs with 6 months duration
- Financial assistance programs go beyond the start up stage
- Robust portfolio with numerous global success stories
- Investor partners are large, brand-name corporations
Cons
- Acceleration incubation only with face-to-face programs
