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14 Ideas to Make Newspace Accelerators Better

13 Dec 2013, 05:36 UTC
14 Ideas to Make Newspace Accelerators Better
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Business accelerators in Silicon Valley (CA), Boulder (CO), and across the US have been gathering the best young entrepreneurs, providing them the time, resources, and business connections necessary to start successful software companies. These accelerators have helped such success stories as AirBNB: now worth $2.5B and DropBox: now worth $8B. Can the lessons from software-focused business accelerators be modified to benefit commercial aerospace firms (referred to here as “Newspace”) that need to develop physical hardware (not just software) with correspondingly longer product development cycles? Are hardware-based accelerators possible? If possible, what would these accelerators look like? Below is an overview what accelerators are and my fourteen recommendations for enhancing the capabilities of Newspace accelerators.For many, YCombinator wrote the definition of what an accelerator is. Located in the Silicon Valley, YCombinator helps software startups succeed. Twice per year they bring in a bunch of startups (from thousands of applicants) and invest in each firm ($20K for 3-7%). In the early days, only a few firms were funded, recent batches have included over sixty startups in a single batch. Over the course of three months (the length of the “batch”), YCombinator helps startups mature. Some firms need help with an idea for ...

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