Is Qi3 Accelerator a Startup Factory?
I went to a super conference which was organised by NESTA to launch their draft report on Startup Factories. The report examines the phenomenon of Accelerator Programmes which first appeared in the USA in 2005 and in Europe in 2007. The scene is mushrooming, with accelerators springing up all over the place. Over half of today’s European accelerator programmes have been established in 2010 or 2011.
We don’t fit exactly with the model examined in the report. Current accelerator programmes are focused on concept-to-demonstration internet and software businesses. But that doesn’t invalidate the idea, or its more general applicability.
A good article by Mark Littlewood (the other one) summarises the day.