Review on Chinaccelerator by Jorge Hernández
promote the dream of entrepreneurs from Asia to the world
Large venture capital companies that form startups; in addition to contributing to the development of new technological entities, they allow the creation of a network of companies promoting new projects. This is the case with Chinaccelerator; an organization that has the support of the SOSV ecosystem.
Chinaccelerator is an Asian company whose purpose is to accelerate the development of the capacities of companies in the initial stage (angel type) or in the seed process, by incorporating them into the acceleration plan promoted by this organization.
What is the Chinaccelerator Accelerator Program?
Chinaccelerator implements an impulse program called Lean Startup, with a duration of 6 months; which consists of empowering brand-new companies to develop marketing strategies, in order to develop services focused on market needs; capture the attention of major world investors and generate income with innovative products native to the Asian continent with export quality.
What tools does Chinaccelerator provide to startups?
For the optimal development of its potential; Chinaccelerator brings a set of financial, logistical and academic resources to startups, including:
• Capital injection of $ 150,000
• Free physical infrastructure shared in Shanghai, during the term of the program
• Consulting with global mentors and promoters of Chinaccelerator
• Possibility of obtaining $ 2,160,000 upon graduation from the program
Considering the trajectory of Chinaccelerator (more than 680 global startups), the resources and benefits that this organization brings to its students; it is well worth joining their training program.
Pros
- It encourages emerging organizations to enter the market
- Advises new companies to develop valuable products for the market
- Prepares entrepreneurs to raise capital funds from leading investors
- Promotes the advice of former students trained for companies in training
- Provides financial resources, academic advice and marketing strategies to the companies affiliated with the program.
Cons
- Limits local Chinese companies in providing investment capital
