The pre-accelerator for the 6th batch of Huge Thing acceleration program is behind us. It’s been a crazy intensive week but we loved every bit of it. But through the hello day and the rest of the week, one question kept coming back – Why do you organize the pre-acceleration program? Why waste five days before the program itself even start? Well, here’s why.
The key information here is that for us the pre-acceleration program is a part of the recruitment process for our accelerator itself. It’s the last stage, where we invite 20 or fewer startups to spend a week with us and get to know each other. We use those few days to meet the teams, learn more about their projects, see how they pitch and work, and above all else, find out are we a good fit. We believe that the acceleration should be a two-way street – the startups should benefit from our program, as well as, our community should gain from the fact that this team is a part of it. That’s why we put so much emphasis on scouting and recruitment. We want more than just the best idea. We are looking for the people who will go above and beyond to make their concept come to life. People who are not afraid to work hard and are ready to learn. We want to create a community that’s bringing value to everyone involved.
The pre-acceleration is a chance for us to get a glimpse into the future. It’s like a mini- accelerator. There’s a hello day, workshops, meetings with partners and tutors. All of that within five short days. So that you get to see how we work, how the acceleration looks like and is it the commitment you’re willing to make. And for us, to gain a better understanding of your project, to see are you committed, how hard you work during workshops and is there a potential for collaboration with our program partners.
And sure, it takes a lot of time and financial resources to organize a pre-acceleration program, but the benefits outweigh the costs. The insights that both, we and the startups gain from those few days, help us immensely in making the final decision on who to invite to the actual accelerator. And what follows, help us organize better startup acceleration program.