Program Overview

Introduction to the Startup Accelerator

The Startup Accelerator is a prestigious program designed to foster innovation and entrepreneurship among students, staff, alumni, and NESCol learners. With a highly competitive selection process, the program offers a unique opportunity for participants to develop their ideas, receive mentorship, and access £10,000 in seed funding.

Program Overview

• The program is open to a diverse range of applicants, including students, staff, alumni, and NESCol learners.
• A total of 21 teams were selected for the 2020 cohort, out of over 180 applications.
• The Accelerator provides a comprehensive program of mentorship, development, and funding to support the growth of innovative ideas into fully-founded businesses.

Program Structure

• Participants work closely with industry mentors to develop and stress-test their ideas.
• The program utilizes a range of tools and platforms, including Microsoft Teams, to facilitate collaboration and communication among teams.
• Face-to-face sessions are supplemented with virtual meetings, ensuring the program can continue uninterrupted despite external challenges such as the COVID-19 pandemic.

Innovative Approach

• The Accelerator has adapted to the challenges posed by the COVID-19 pandemic, incorporating virtual elements to ensure continuity.
• The use of Zoom video conferencing and one-to-one mentor sessions has enhanced the program's flexibility and accessibility.

Celebration of Innovation

• The traditional Founders' Showcase has been replaced with a 'Startup Sunday Live' event, featuring video pitches and live broadcasts on YouTube.
• A panel of judges awards cash prizes, and the audience also participates in voting for additional winners, fostering a sense of community and engagement.

Diversity and Representation

• The program boasts a diverse spread of industries and ideas, from protective clothing for musicians to eco-friendly toothbrushes and innovative renewable energy solutions.
• Statistics from the program indicate a significant representation of female founders and international participants, highlighting the Accelerator's commitment to inclusivity and global outreach.

Key Statistics

• 182 applications were received for the program.
• 21% increase in teams passing through phase 1 of the program.
• 11 out of 11 academic schools were represented in the applications.
• 62% of successful applications had one or more female founders.
• 57% of teams had at least one international founder.
• 14 countries outside the UK were represented in the final teams.

Conclusion

The Startup Accelerator at Robert Gordon University represents a vibrant hub of innovation and entrepreneurship, offering a unique platform for ideas to flourish. With its diverse range of participants, adaptive approach to challenges, and commitment to inclusivity, the program stands as a testament to the power of innovation and collaboration in driving economic development and societal impact.