EU-XCEL

How does the EU-XCEL Virtual Accelerator Programme Work?

How does the EU-XCEL Virtual Accelerator Programme Work?

December 3, 2015 7:10 pm

Ultimately, EU-XCEL aims to develop incubator ready tech startup teams that continue long after the life of the virtual accelerator programme.  To provide teams with the strongest foundation possible, we deliver a bespoke virtual accelerator experience that includes the following three stages:

Stage 1: EU-XCEL Startup Scrum Kick-Off

  • An online start-up scrum community forum space will be established in advance of your start-up scrum where participants and mentors interact and scrum content materials will be available to you via the EU-XCEL platform to assist you prepare before scrum kick-off.
  • At your start-up scrum you will meet with like-minded tech entrepreneurs and commence the process of co-founding new tech start up teams. To ensure a good international mix, each team must include a minimum of three and a maximum of five members and must include a minimum of three different nationalities. Lots of support, advice and mentoring is provided along the way to help form the strongest possible teams.
  • The 2016 startup scrums run from Monday morning to Friday evening inclusive (dates are provided on the application form and in the terms and conditions of entry page on the euxcel website) and you must be available to travel in the 48 hours before/after scrum kick-off and close. A social event takes place on the Sunday evening to allow participants informally network before the official Monday morning scrum opening.
  • The scrum agenda includes free/unstructured session times for teams to work directly on their startup plans. These sessions are interspersed with short, focused sessions delivered by incubator managers, successful tech entrepreneurs, venture capitalists, investors and startup business coaches on pitching advice, trend ideation, team building and management, business model development advise and road maps for startup development. 

Stage 2: Inside EU-XCEL Virtual Accelerator

  • Your will be provided with access to the EU-XCEL Virtual Accelerator platform in advance of your start-up scrum. All scrum content materials and additional technical and business support tools and resources are stored here for your use.
  • Following the scrum, your team will spend twelve weeks in the EU-XCEL Virtual Accelerator where you will further refine and develop your startup idea.
  • You will be assigned a mentor at your startup scrum who will support and advise your team as you journey through the virtual accelerator.
  • Your team will be required to submit specific deliverables at key milestones in the accelerator culminating in the submission of a business plan at the end of week 12. The deliverables you submit along the way help your team focus and build the best possible business plan.

 

Landmark 3: The EU-XCEL Challenge Final

  • EU-XCEL short-listing committees from across Europe review the startup business plans submitted by all teams at the end of the virtual acceleration phase and select the best start-up teams to participate in the EU-XCEL Challenge Final which will take place in Munich, Germany on 24th and 25th Evaluation criteria include overall progress, market validation, compelling nature of the plan, commitment of the team and most importantly, concrete arrangements to progress the company in an incubator or a similar setting.
  • At the EU-XCEL Challenge Final, shortlisted finalists pitch their start-up plan to an international judging panel of investors, successful tech entrepreneurs and leading edge tech companies where they secure highly valued, expert advice and pointers on how to further develop their startups.
  • The Challenge Final concludes with a finalist startup showcase exhibition, a public awards ceremony and a Challenge Final reception with ample opportunities to network and grow your business connections across Europe.

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