super accelorator
[WHAT]
- ] by Don Sagrott founder @ sospep.com - TLDR - developing a nationwide high performance business accelorator model, to foster business creation & development and entrepeniural skill(s). Building a national tech ecosystem
[WHY]
- ] to accelorate the development of many startup companies in a given geographic region
[WHERE]
- ] READ THE FULL ARTICLE
- ]
[WHEN]
- ] 2016-01-28
[EXAMPLE]
- ] accelorators
- ] ycombinator, techstars, 500startups - are all very successfull(best case) US based startup accelorators. They provide seed funding, an initial mentorship program, access introduction to future VC investment and an ongoing support network(alumni) of like minded founders to help you initiate, develop, execute and exit your startup company
[HOW-TO]
- ] model the best features of the examples accelorators
- ] based in Canada
- ]
[REFERENCE]
- ] CREATE-article# 5966 - super-accelorator -
- ] http://genius.com/Marc-andreessen-why-software-is-eating-the-world-annotated
WTF is a super accelorator and WHY do we need one?
TLDR: a 'super accelorator' is just as a bigger and better accelorator program and in our case a program 'tailored for' and 'catering to' our specific geographic location (Canada/BC).
] what is an "accelorator"?
So to start a little bit of background about 'accelorators' in general, what they do and why we need them?
- ] An accelorator is a company that invests in/mentors other companies, typically/specifically small startup companies. Accelorators have their foundations in the the tech industry, many are US based, silicon valley
- ] An example of an accelorator is ycombinator, the Mountain View CA based company that pioneered this 'industry' and is argueably the most successfull startup accelorator in operation today.
] what is a "super accelorator"?
] what exactly do I mean by a "bigger and better" accelorator program,
- ] nationwide,
- ] CDN focused
- ] more accessible -
- ] more expertise -
- ] more cycles - ex yc runs 2 batches annually, try running quarterly batches i
- ] more services -
- ] faster - see more batches,
- ] unique strategies -
] why do we need accelorators now?
- ] I use the term 'the teconomy' to collectively refer to the digitization, automation and uberization of our economy.
- ] I believe that going forward all companies will become be technology companies, not in the sense that their primary purpose is in ' producing technology products ' but in that the companies who best utilize the best available technologies will be the most likely to succeed and prosper. I don't know who coined the phrase "automate or be automated", but I wouldnt argue that it has a certain amount of relevance.
- ] If you read Marc Andreesens article, why software is eating the world which was written in 2011, and then take a look at the current state of technology useage today, you should see that a large percentage of what Andreesen forcast has come to pass.
- ] If you look at the state of the teconomy, in our specfic geographic region (Canada/BC), you can see that it is currently ranked as the 3rd largest GDP sector and has the highest growth rate of any sector.
- ] Now keep in mind that not all technology companies that comprise this sector today are startup companies now, but many that are, did have their roots in the startup accelorator model/SV startup culture, as do many of the current startup companies including the likes of ] LIST uber, dropbox, stripe, box, groupon,
- ] our example co, yc was founded in 2007, it has currently funded approx 1000 startup companies,] it continues to grow/expand rapidly ] imitator accelorators are being developed/coming online worldwide, ] we dont have to build this, ] maybe somebody else will, ] even if we do, the best companies may still go the yc/sv/alt route
] we can wait or we can accelorate -
- ] if we wait - each day we get further behind, the speed of tech advances fasters and more rapidly then it ever has and it is getting faster
- ] if we do accelorate ... ] we could fail
- ] but if we succeed - ] we create good jobs, not just in tech, but in the companies that remain competitive/in business b/c they have good tech are able to compete ] we could profit - collectively -