Accelerators are for startups that already have an MVP that has been validated in some way, that might mean a product with a few paying customers, a group of free users, or early signs of strong product-market fit. Accelerators are appealing to startups because they provide a wide network of investors and mentors which help startups build their business and raise future capital. Usually, an accelerator works with startups for a short and specific amount of time (90—120 days is most common) and offers a specific amount of capital. In exchange for their guidance, capital, and some services, most accelerators require anywhere from 3 to 8% ownership of your company. Joining the accelerator is still not an all-inclusive solution to your startup funding. The main goal is to prepare your startup to raise larger amounts of capital.
Typical investment size: €50-100k