What is a Tech Accelerator? Germany has an Abundance of them.

Generally speaking, tech accelerators seek to provide conditions which allow entrepreneurs to grow, bring to market or scale their businesses. In Germany, there is a high concentration of early-stage start-up accelerators. From mobility to FinTech, there is an accelerator to match most types of start-up. Roughly 50 per cent of these accelerators are located in Berlin.

Here is a link to a list of 42 (google docs file) accelerators provided by SpinLabs (itself an accelerator). Below is a list of 4 of the more prominent:

Axel Springer Plug & Play:

The Berlin-based Axel Springer Plug & Play accelerator is a 100-day programme for early-stage start-ups. The application form is 17 questions long and requires you to upload your pitch deck. In return for 5 per cent of your star-tup you’ll receive 25,000 euros and 100 days worth of feedback, advice and guidance.

At the end of the accelerator you pitch your idea to around 200 investors. Startups like N26, ZenMate and Foodscovery have participated in this accelerator.

Climate-KIC:

With five hubs across Germany, Climate-KIC looks for clean tech entrepreneurs ready to provide solutions that mitigate the effects of climate change. The organisation offers a variety of different support services for start-ups from all stages, including incubators, competitions and their 18-month accelerator.

Microsoft Accelerator:

The Microsoft Accelerator is a global one that runs 4-6 months. The accelerator offers a variety of support: CEO coaching, developing the team culture, recruiting talent and creating distribution channels.

Located in Bangalore, Beijing, Berlin, London, Paris, Seattle and Tel Aviv, the Microsoft Accelerator helps Series-A ready B2B start-ups.

Upon completion of the programme, start-ups become part of the alumni program, which the accelerator boasts will help early-stage start-ups leverage “resources, networks and potential customers.”

Startups like, Skoove, Tandemploy, HiDoc and medlanes have participated.

The accelerator does not take any shares.

Startupbootcamp:

Startupbootcamp offers global accelerator programs for early-stage tech start-ups across a number of industries. The 3-month-long program ends with a demo day, where start-ups can pitch their ideas to a room full of investors.

The Berlin accelerators dive into digital health, and smart transportation and energy. Each broad category is then divided into smaller focus areas, like personalised medicine, remote monitoring and fleet management.

Photo credit: http://www.colourbox.com. Material used in the preparation of this article has been drawn from The Heureka.

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