The innovation and startup center weXelerate connects large companies with startups from all over the world in order to work together on concrete innovation projects, open up new markets and develop trendsetting products and services.
A focus of the weXelerate innovation ecosystem is a four-month accelerator program open to startups from around the world. A content of
modular program targets growth and value creation, acceleration of cost-optimized innovation processes and safeguarding of market success of new products and services. Per batch, 16 large companies and up to 50 startups work together to jointly achieve these goals.
Participating startups benefit in several ways
There are more than 100 experienced mentors who have profiled themselves as serial entrepreneurs, executives, experts or consultants for many years. Participation in the accelerator is not associated with any fees, it is ekvity free. Only the costs of stay and travel are to be paid by participants.
For the duration of the Accelerator program, high-quality workspaces will be provided in a spectacular property – the weXelerate Spaces –
in the heart of Vienna. Depending on the needs of the particular startup, the workplaces can be used permanently, weekly or selectively during the program. weXelerate hosts continuing education courses, conferences, panel discussions and network events almost every day.
“We´ve developed the platform with interactive maps for business which shows you places where your current and potential customers live, work and entertain yourself. Imagine, you plan B2B sales campaign and need to choose only small businesses with more than 10 employees with offices distant to 50 meters from some restaurant or retail branch network. The cost of location
analysis is paid off. Sales campaigns with location analysis deliver 25% better results”, says Maroš Pecho, Business Development Manager, who represents CleverAnalytics in weXelerate.
“Although there is big global trend in online, knowledge of physical location is important. That was also the reason for our application for weXelerate. CleverAnalytics is expanding abroad and weXelerate enables us to be present at Austrian market. From the day one, we have had an opportunity to meetup with big corporations in person. Knowing the right location is a key when you are startup or big bank with hundreds of branches. We make maps for business, weXelerate is our map for our entrance to Austrian market,“ explains Lucie Procházková, who takes care of marketing in CleverAnalytics.
weXelerate’s focus is primarily on the following verticals and technologies
Media, Banking, Insurance, Engineering, Energy / Utilities, Blockchain, AI, Mobility and Security.
Claudia Witzemann and Gabrielle Costigan, Managing Directors of weXelerate, point out: “Outstanding entrepreneurial personalities like to decide on their own what kind of knowledge, experts and coaches their startup currently needs. Therefore, we offer a very individual approach, with the challenge of not being able to recline as an entrepreneur, but actively taking advantage of the offer of weXelerate. “
The next batch will start on October 1, 2018 and end in mid-January 2019 with Investor’s Day and Demo Day where the participating startups will get the opportunity to present themselves in front of potential customers, investors and employees. Interested startups can apply until May 9, 2018 at https://www.wexelerate.com/apply_now/.
Impressions, live reports, photos and videos can be found at https://www.facebook.com/weXelerate/