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The Axilor Accelerator program is simply one of the fastest ways to build a high growth business and get funded. As a startup, you will get there by figuring out if you are working on something that people really want, build products that your users will love and demonstrate early signs of product-market fit.
In addition to the program, the selected startups get some upfront funding to help them run growth experiments. Unlike most other accelerators, Axilor also is a seed fund. Hence, the participation in the program comes with an added benefit of a commitment to participate in the next institutional round (on successful completion of the program goals).
Also read, ‘What happens in the Accelerator Program?’
The applications for the Summer ’18 batch (scheduled to start in March) are now open.
The Axilor Accelerator Program runs twice a year – with batches starting in March and September. The startups are selected on a rolling basis and the applications are accepted throughout the year.
Grittiness and passion is what we look for in the founding teams during the early stages of their business. Majority of the founders who have been selected into the program were almost 6 months into their business, with a working product, early adoption metrics in place and some early revenues. We also invite later stage companies working on a specific idea and wanting to pivot their business model.
A successful application is the one where founders are able to express their answers clearly and have the ability to stand out from the crowd. Axilor receives hundreds of applications and the application has to make it visible by being clear, concise and direct.
Successful applications have two things in common. One, the founders have some proprietary insight(s) about the problem their startup has set out to solve. Second, they have solved some tough problems before and have smartly overcome challenges. Successful applications also have more evidence than promise!
Axilor is focused on your growth.
1. Upfront funding : We invest a little capital at the beginning of the program. The selected startups get some upfront funding to help them run growth experiments.
2. Participation in next round : Unlike most other accelerators, Axilor also is a seed fund. Hence, the participation in the program comes with an added benefit of a commitment to participate in the next institutional round (on successful completion of the program goals).
Most startups are able to close their seed funding (about one in five goes on to successfully close their Pre Series A) by the end of the program.
A lot – and most of what happens is aimed at accelerating progress, helping startups build products their users will love and make them investible faster. Most startups are able to raise seed funding (with one fifth successfully raising Pre Series A) by the end of the program.
The program helps startups achieve three most important outcomes they need in early stages – growth, access and capital.
Most startups end up accelerating their progress 3-5x and most importantly find early evidence of product-market fit. This happens by identifying early on in the program the riskiest part of the business – it could be product, team, sales, pitch – and getting you the right kind of help in fixing that gap. Weekly goals help in staying focused on what is important and making sure that bottlenecks are addressed.
All startups who are part of the program have access to AXENT, Axilor’s extensive market network comprising top VCs, industry leading corporates, go-to-market partners and tech services. In addition to AXENT, founders become part of Axilor’s founder community comprising over 200+ founders, all of whom are just a call away for help.
While the accelerator program itself offers some upfront funding, most startups are able to close their seed funding (about one in five goes on to successfully close their Pre Series A) by the end of the program. Part of the reason why this happens is because of the visibility and part because of the performance. But the main reason is the investor network of over 60 VCs and top seed funds in the country who are Axilor partners and you get to meet them during the course of the program.
Besides directly helping the startups achieve their goals, the Accelerator Program comes with a host of benefits. These include differentiated partner benefits from AWS, Google, Microsoft and Facebook accruing upto over $200K in worth and come with much needed expertise! You also get access to special (and otherwise expensive!) tools for market validation, prototyping and testing.
Not to mention working among entrepreneurs like you in one of the best startup campuses in the country. One last thing, visibility always helps – we also help our startups become more visible.
Yes – simply because we have more time. Hence, we invite the select early applicants over for an initial chat. This improves the chances of selection for startups.