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14 New York-Based Accelerators to Help You Launch Your Company

14 New York-Based Accelerators to Help You Launch Your Company


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NYC Accelerators

Accelerators are designed to do just that: they take a startups and put them on a trajectory that turns them into a full-fledged companies, preparing them for Demo Day, where and when they’ll have the opportunity to pitch in front of a room filled with potential investors. Most provide some seed money in exchange for equity, free office space for the duration of the program, and other perks, including free legal advice/banking. Many also provide mentors – subject matter experts who’ll help you if you’re stuck, or introduce you to potential partners/investors you need to meet.

Don’t confuse accelerators with incubators. Although the terms are often used interchangeably, there is a difference and we’ve covered that in this publication before.

Not all accelerators are the same. Some focus on a very specific vertical. Others prefer to focus on certain types of companies. Check them out. Talk to people who’ve been through the program of an accelerator that might have struck your fancy. Will going through one of these programs help you to shape your startup/move your company to the next level? Considering that there seem to be more and more of them cropping up all the time, they must be doing something right. Is an accelerator right for your company and if so, which one?

Click here to see the list of some of the current NYC-based accelerator programs in no particular order

 

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About the author: Emily Haile

Emily recently graduated from Tennessee Tech University, where she received a bachelor’s degree in communications, with an emphasis in public relations and digital media. She was a writer and photographer for the school’s student-run magazine, Eagle Eye, and newspaper, The Oracle. She was also the copy editor for both. She is currently a copy editing intern for AlleyWatch.

  • http://about.me/markchou Mark Chou

    Hi Emily, I’m an associate at the Partnership Fund for New York City and program manager for the FinTech Innovation Lab. The Lab takes less than 1% in common stock warrants in each company entering the program, not the 6% that you’ve stated. The $25K is in the form of a convertible note (not equity) and is 1) optional and 2) separate from the warrants.

    Would you be so kind as to make that correction above? Thank you!

    • http://www.alleywatch.com/ AlleyWatch

      We apologize for the mistake and have updated it. Thanks for letting us know.

      • http://about.me/markchou Mark Chou

        Thanks so much!

  • Admitted.ly

    Great overview of all of the accelerators in NYC! Will be extremely helpful for anyone considering joining one for the next term. My company, admitted.ly, is currently in the summer cohort at ERA, and it’s been absolutely fantastic. Would be happy to speak with anyone considering applying for the winter term.

    • L.w. Constance Kang

      Hey there, my team is looking forward to apply for ERA winter, I would like to talk to you about the application process. Because I heard that ERA is quiet competitive.

      • Admitted.ly

        Feel free to ping me offline…. @jessbrondo on twitter or jab@admitted.ly

  • Pingback: What’s In Your Pitch? | Points and Figures

  • Pingback: What’s An Accelerator and Do Startups Need Them? - AlleyWatch

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