Starting a business can be many things: fun, exhausting, fulfilling, stressful, important…But ask any founder and they’ll tell you the one thing it isn’t — easy.
Starting a business or launching a startup is an enormous challenge for anyone, including experienced founders.
Managing your own expectations, along with those of investors and other stakeholders, requires hands-on experience that can’t be replicated by watching enough YouTube videos. Problems can arise that no one could predict, and businesses all too often stagnate simply because they haven’t caught the attention of the right people. These are all difficult problems to overcome — but the good news is you don’t have to tackle them alone.
Accelerators like Adaverse are built to ensure that startups succeed regardless of the economic or environmental factors. Offering more than just access to funding — there are programs designed to help your ideas get the needed traction to take off. Accelerators connect you with experts, guide you through building and ultimately bestow a level of prestige that money simply can’t buy.
In this article we look at the top 5 reasons why accelerators are the best way to supercharge your startup ⚡️
1. Drive innovation with new ideas
Being a founder is much like being an explorer — your startup is your discovery. It’s yours, has your name attached and you want to share it with the rest of the world. You get close, and you get invested. But there’s a catch: when you’re so near, things may appear differently than they seem, and seeing it otherwise requires an entirely different viewpoint.
Accelerator programs help you to step back and look at your project anew. This is similar to editing a book — even the best writers in the world have their words checked and revised by an editor before publication, because when you’re so invested in something fantastic, you often miss important details. By connecting you with seasoned advisors and business development coaches, accelerators give you a moment to take in fresh ideas and to solve problems you may not have noticed.
2. Compensate for Team Inexperience
Everyone has their own unique skill set, but no one is perfect at everything. New founders often spread themselves too thin trying to be swiss-army entrepreneurs. Most fail in this endeavor. Even if you have a ready team there to support, unless you work for a large organization, your team is likely limited and may not have absolutely every angle covered.
Joining an accelerator program gives you instant access to a wealth of industry experts who each bring their own unique skills and experiences to the table, especially for product design and development. With them at your side you can fill in the gaps and overcome the challenges that you face. Their connections are also invaluable if you’re looking to permanently fill a position — accelerators put you in touch with people with the exact skills your business needs.
3. Get connected with the right people
There’s an old saying that goes, ‘It’s not what you know, but who you know.’ These days this is perhaps truer than ever. Even the best ideas in the world can fail to take off just because they weren’t seen by the right people.
Every business is different. Understanding who to connect with is just as crucial as knowing how to connect with them. This is where accelerators step in — they take your ideas and put them in front of the people who can deliver the most benefit to your project. Whether they sign on as advisors, or to keep your contact for future references, these connections are essential for ensuring long-term success.
4. Forge Lasting Partnerships With like-minded teams
Nobody builds in isolation. Your partnerships are just as important as your core team, and whether they’re formal agreements or simply ‘startup friendships’, these relations are essential for taking your business to the next level.
Joining an accelerator also means joining a community of startups. For example, Adaverse is collaborating with EMURGO–Cardano’s official commercial arm, to help spread blockchain adoption across Africa. Other Adaverse-incubated projects share our vision of an on-chain future, and they believe the Cardano blockchain is the best place to be. Joining our accelerator program means meeting the people who will join you to shape the decentralised future.
5. Benefit from publicity and prestige
An accelerator does not accept every project that applies. If you’ve been accepted, it’s because your idea has potential — and that’s something you can brag about. Adaverse accelerates the best projects in Africa, so by joining the program you can rightfully claim you’re the cream of the crop. This publicity and prestige and reputation are things that can’t be bought, and it’s something that only a good accelerator can provide.
Adaverse- More than a place to build
Accelerators are not just places to build — they’re also programs designed to help you succeed. By connecting you with the right people with the right ideas, they’re able to guide your startup through construction, out onto the launchpad and off into the universe with the ideal go-to-market strategy.
At Adaverse, we’re helping to bring the future of Africa on-chain by accelerating promising startups with a crypto-native edge creating solutions to boost economic growth with decentralised tools. If you’d like to learn more about us and our mission please check out our FAQs.
To apply for the 2022 Accelerator Program, visit our website today
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