Welcome back to Startup Showcase, your one-stop destination for discovering the most disruptive and promising startups in the EU. Today, we turn our spotlight towards Munich, where German Accelerator is helping German startups make their mark on the global stage.
Elevating Startups, One Innovation Hub at a Time
In a world that’s becoming increasingly interconnected, the ability to scale globally is more important than ever. That’s the ethos behind German Accelerator. Located in Munich, they identify high-potential German startups and put them on a fast-paced journey through the world’s leading innovation hubs in the U.S. and Asia. The accelerator offers a variety of resources, including expert mentoring, an extensive global network of business partners and investors, and even free office space. These resources are designed to help startups integrate into new markets, understand international demands, and ultimately succeed.
A Tailor-Made Approach to Scaling
What sets German Accelerator apart from other similar programs is its commitment to providing a highly customized experience. Startups are not subjected to a one-size-fits-all approach but are nurtured according to their individual needs and growth stages. While most accelerators take equity as a form of payment, German Accelerator’s programs are mostly free. The exception is their “Next Step” program, specifically designed for market discovery in the Asian region.
Outstanding Track Record: The Numbers Speak for Themselves
Since its inception in 2012, German Accelerator has helped 288 startups raise more than $4.9 billion in funding—a number that’s hard to ignore. Supported by the German Federal Ministry for Economic Affairs and Energy, the accelerator’s robust backing ensures that it is well-equipped to help startups reach their maximum potential. As of now, the program is managed by German Entrepreneurship GmbH, but it’s worth noting that the program is currently under a procurement procedure which could lead to a change in management effective from January 1, 2021. Startups can still apply and participate in ongoing programs, and in the event of any change, the current management promises a smooth transition.
The Bottom Line
For German startups looking to scale and succeed globally, German Accelerator offers an invaluable platform. With its customized programs, vast network, and strong governmental backing, it has all the ingredients to turn local startups into global successes. With the world becoming increasingly globalized, programs like German Accelerator are pivotal in ensuring that local innovation doesn’t just stay local—it becomes global.
Connect with German Accelerator:
- Website: https://www.germanaccelerator.com
- Twitter: https://twitter.com/gaccelerator
- Facebook: https://www.facebook.com/GermanAccelerator/
- LinkedIn: https://www.linkedin.com/company/german-accelerator/
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