Feed accelerators also known as startup accelerators are fixed-term, cohort-based programs, that include mentorship and educational components and culminate in a public pitch event or demo day. While traditional business incubators are often government-funded, generally take no equity, and focus on biotech, medical technology, clean tech or product-centric companies, accelerators can be either privately or publicly funded and focus on a wide range of industries.
Summer of Startups, Aaltoes’ own startup accelerator program, is a 9-week-long program that enables up to 15 teams to get started with their own businesses. Each team gets a funding of up to 5000€ depending on its size so they can fully focus on the program without worrying about the rent. Teams will get a free place to work, professional tailored coaching and the support of the startup community.
To talk about the possibilities accelerator programs can give, what they are all about and how to get your idea on the board, we were joined by Jesse Merilampi from the Summer of Startups team.
Things referred during the episode:
– Summer of Startups’ website: summerofstartups.com/
– Summer of Startups’ Facebook site: http://www.facebook.com/sosaaltoes/
– News: Nieman Lab’s take on development of te podcasting scene (www.niemanlab.org/2016/04/hot-pod/) and Vice’s story about the small Finnish gin distillery (munchies.vice.com/en/articles/this…-worlds-best-gin)