Accelerating startup development by way of expertise, experience, and neighborhood

0


Posted by Nivedita Kumari – Technical Anchor Mentor, Accelerator Program, and Prabhu Thiagarajan – Accelerator Success Mentor, Accelerator Program

Google for Startups Accelerator: Sustainable Development Goals

This Worldwide Mentoring Day, we acknowledge that mentorship is a vital a part of the startup journey. Google for Startups Accelerator packages present founders and groups with the expertise, experience, and mentorship they should develop and succeed. As program mentors, we had the chance to have interaction with and empower many early stage startups serving to them scale and develop.

The Startup Problem

Though the startup ecosystem is quickly increasing, success isn’t a easy journey. On a mean, it takes startups two to a few years years to show a revenue, and fewer than 10% of startups that increase a seed spherical efficiently increase a Collection A funding. Even people who handle to safe funding, nonetheless face different hurdles like driving natural development, fundraising, constructing model and market enlargement. Mentorship and entry to networks has been confirmed again and again to make the vital distinction for profitable founders.

To stage the taking part in discipline for startup success, Google for Startups connects founders to the individuals, packages and finest practices they should develop and scale their corporations. Google for Startups Accelerator packages present contributors with hands-on mentorship and help from Googlers in addition to skilled entrepreneurs and buyers. These consultants work immediately with startups over the course of 10 weeks to supply tailor-made expertise, product improvement, advertising and marketing, gross sales and fundraising.

Success Story

As Google for Startups Accelerator program mentors, we had the chance to accomplice carefully with varied founders from all over the world by way of the 2023 accelerator cohorts, together with these centered on Cloud and Local weather Change. Considered one of these startups for the Cloud cohort was RealKey, an Automated Mortgage Processing (ALP) SaaS platform.

RealKey automates doc assortment/assessment processes and centralizes communication to cut back contact factors with underwriting. Via the Google for Startups Cloud Program, RealKey was in a position to speed up Google AI primarily based doc processing and mortgage course of automation to assist create a clear mortgage submission course of. Google for Startups helped RealKey scale back mortgage processing time and frustration for all events concerned. 

“Google’s Lending DocAI service enabled our platform to incorporate doc processing the place we classify paperwork and run complicated validation algorithms to make sure that a mortgage package deal meets all lending standards. That is sometimes a handbook course of and our platform saves our shoppers invaluable time and labor.” 

 Christopher Hussain, Founder & CEO, RealKey.

 

Over the course of the ten week program, the RealKey workforce labored carefully with us to develop and monitor their program Targets and Key Outcomes (OKR). Via a collection of tailor-made technical deep dives, mentor-led product and program workshops, and pairing with related consultants from Google and the trade, RealKey was in a position to resolve a number of enterprise and technical challenges to speed up their outcomes. “With Google for Startups mentor help, we achieved targets that we budgeted would take considerably longer”, says Christopher.

The Google for Startups Accelerator program offers startups with the sources and help they should thrive within the aggressive world. Via its complete program, startups achieve entry to funding, technical experience, networking alternatives, and mentorship from Google AI consultants, enabling them to beat technical challenges, develop efficient go-to-market methods, and speed up their development. With the steering and help of Google AI consultants, startups can navigate the complexities of creating and commercializing their merchandise, successfully attain their target market, and set up themselves as leaders within the discipline of machine studying.

Subsequent Steps for Founders

In case you’re a startup founder, Google for Startups Accelerator packages are a good way to get the assistance it’s essential develop what you are promoting and obtain your targets. Purposes are actually open for Google for Startups Accelerator: Ladies Founders and Black Founders cohorts in North America. We encourage functions from U.S. and Canadian headquartered expertise startups till February 1, 2024, with the 10-week packages commencing in March. Be taught extra and register right here.

Along with accelerator packages, Google for Startups gives a variety of packages and initiatives to assist startups at each stage of their journey. Whether or not you are simply beginning out or able to scale, Google for Startups might help you join with the appropriate expertise, experience, and neighborhood to develop what you are promoting. Discover the perfect Google for Startups choices for you and your workforce right here.

Google for Startups Accelerator Applications open Black Founders and Women Founders programs Go to startup.google.com



Supply hyperlink

You might also like