Review on Startupbootcamp by David Olayide
The Startupbootcamp Accelerator.
Startupbootcamp is a network of industry-focused startup accelerators which was founded back in 2010 and now operates globally with over 20 industry-focused programs in key locations around the world. The Startupbootcamp accelerator program selects 10 startups from more than 500 global applicants to receive mentorship and training from 150 entrepreneurs, investors and partners, €15,000 for living expenses, free co-working space and over €450,000 worth of partner deals. In return for offering all these kind of opportunities, Startupbootcamp takes a 6-8% equity stake.
Startups have or are given direct access to an international network of partners, investors and mentors in their respective industries. The main partners of Startupbootcamp include very prestigious and renowned country. Airbus, MasterCard, Mercedes-Benz, Amazon, Vodafone, Intel, Cisco, Bosch and Philips, among very many others. Startupbootcamp keeps giving startups intensive mentorship and finding new investors between 12 and 18 months even after the end of the program.
From the statistics and general review or feedback I can say that the startup accelerator is a really good one and it has been called Europe’s biggest startup accelerator. Here let me share some statistics so you can confirm for yourself. The figures 950 startups accelerated € 944 thousand average Funding €727 million total Funding.
I particularly like the fact that they keep in touch and continue to support the start-ups. So Accelerators perform a real important function for the startup companies which can benefit them greatly. At least there will be stability in growth which will in turn improve the economy.
Pros
- Startupbootcamp provides companies and startups with much needed resources
- Supported by a lot of renowned companies
- Access to funding and mentorship
Cons
- Nil
