When we think about tech startup accelerators, the first thing that comes to our mind is the funding. In reality, however, funding is not the most important thing for the success of a tech startup. The best thing about tech startup accelerators is the mentorship and the networking they provide to the new startups.
The US is the leader in the tech startups, and accelerators have seen a growth of 50 percent per year from 2008 to 2014. However, startup accelerators differ in the value they provide to tech startups. Following is a list of America’s top tech startup accelerators.
Since its inception in 2005, Y Combinator has helped a number of startups including famous names like Stripe and Airbnb. So, what makes Y Combinator the top tech startup accelerator? Y Combinator not only has a great network for capital but also a great network of mentorship. The mentors provide individualized guidance to startup founders and help them solve the problem they face. Its huge alumni network keeps its mentorship and support even after the accelerator program ends.
60-member team at 500 Startups is passionate about helping startups. They provide series A funding, but their support goes beyond the funding. 500 Startups believes in diversity, and especially supports women and minorities in their startup ventures.
Techstars has a large team of 150 members, and they extend full support to the startup, or the Techstars family as they call it. Their global ecosystem of inventors, founders, mentors, and partners work together to create the entrepreneurial journey of its members.
This startup accelerator has a massive team of 175 people. Their big wins include Localytics, which raised 59 million dollars in venture capital. MassChallenge is a non-profit entity and gives two million dollars in equity-free cash prizes to their startups every year.