weXblog Overview

Accelerator Program

The bright and the bold succeed — Why becoming a startup has become such an attractive business model

November 26, 2018

Who does not sometimes dream of being their own boss or of running their own business? The business world has changed over the past years as every year more companies are entering the market. Their ideas are big, their companies usually small and quite agile with flat hierarchies and the hope for a big breakthrough. The people behind such companies are young and innovative, following their own ideas and dreams. A startup is being born! Most startups have a clear vision of what idea they want to bring to live. But apart from a great vision or dream, a strong network is the key to a successful start in the business. But how can one build a great network? One way is to become part of a startup hub. Startups can find a really attractive startup hub for networking in Vienna. Most people know about Vienna’s amazing architecture, its horse-carriages or have at least tried Vienna Schnitzel once. But only a few of them know that Vienna has a great startup scene as well.

An eXcellent Accelerator.

Nowadays there are just as many startups as there are accelerators on the market. Depending on the kind of startup business, there are different hubs that help startups to develop a network for their area of business. In Vienna weXelerate is the place to be for startups, whose focus is on energy and infrastructure, industry 4.0, media, insurance and banking, as well as cross-industry technologies such as Internet of Things (IoT), Artificial Intelligence (AI), bots, mobility, blockchain and cyber security. This startup- and innovation hub is based in Vienna’s city center and offers a unique and thriving ecosystem of open innovation on around 9.000 m². Each year the weXelerate Accelerator program supports more than one hundred of the most promising startups. Setting up a good innovation strategy in a company definitely is a challenge. weXelerate wants to simplify that process by supporting large and small businesses. By scouting startups for the corporate partners, weXelerate can directly impact their business models and goals.

A program for startups from a startup

Being a startup itself, weXelerate understands the problems and demands the setting up of one’s own business means. The focus of the weXelerate Accelerator program therefore is  that startups connect, network and exchange expertise with corporate partners and mentors as well as other startups. Since its beginning in the autumn of 2017, more than one hundred participants from almost thirty countries have been part of the program’s first two batches.

But how does the weXelerate accelerator work in detail? weXelerate offers a 4 months multi-corporate and structured approach for startups and scaleups to develop and expand their business activities in the DACH area by bringing them together with the company’s renowned corporate partners. Participating startups will find themselves in a unique ecosystem of weXelerate partners that is aiming to provide advice in various areas. These areas include fundraising, sales, legal, finance, UI/UX design or growth hacking. Moreover, on an individual basis, startups can benefit from contacts to experienced mentors and individual coaching sessions with the weXelerate startup team. Another great advantage is that the program is free of charge and no equity is taken.

The program starts twice a year in spring and in autumn. Startups from all over the world are invited to apply for the program. Participants can opt for free working-space at weXelerate headquarters for the program duration, where they will be working in the same building as multiple corporate partners and other startups. This is the ideal place for networking. If relocating to Vienna for the entire duration of the program is not an option for the startups, participating part-time is a solution.

If accepted into the program, startups will meet world-leading corporates to form alliances and partnerships or to develop use cases and pilot projects. Maybe one of these corporate partners will become the (first) big customer. More than one hundred international mentors and executives will provide you with network, experience and advice. A network of more than sixty partners including lawyers, growth hackers, designers, software companies and more are available to be consulted as needed on a 1on1 basis. Benefit from an access to renowned companies such as BearingPoint, KPMG, IBM and ORACLE and increase your credibility towards your clients with these brands as partners.

Ready, set go!

Are you a startup? Then what are you waiting for? Go to the weXelerate website and apply for the next batch starting at the beginning of April 2019! Here is a summary of  the hard facts about the weXelerate Accelerator Program for startups:

  • 4-months program (condensed in monthly block weeks)
  • two programs per year (usually starting in spring and autumn)
  • possibility to use our co-working space in a top-notch location in Vienna
  • guided and structured collaboration process with at least one of our 16+ corporate partners
  • trainings on highly demanded topics such as fundraising, sales development, legal, business development
  • office hours by our large network of service partners (e.g. KPMG, BearingPoint, IBM, Schönherr and many more)
  • exposure to national and international VCs and angel investors
  • individual coaching from our weXelerate team members
  • frequent events to connect with the players in the Austrian startup environment
  • Investors Day and Demo Event at the end of the batch
  • part-time participation possible
  • 100% for free -no equity taken (excluded: travel & living expenses)

Much more than an accelerator

But weXelerate is so much more than just an accelerator. Being so central, the venue is also a great event location for workshops, deep dives, conferences or networking events. Companies are furthermore very welcome to become part of the weXelerate family as a tenant. Get in touch or come by for an office tour. For more information visit our website!