Exactly just What do you really get when you mix an available space filled with startup founders with corporate professionals? Magic!
A week ago, the Microsoft Accelerator group went four activities where this took place. In nyc, we’d a FinTech Innovation Summit and a graduation occasion for the latest cohort through the Seattle Accelerator. We also held an Enterprise Partners Innovation Summit at Microsoft head office, plus a matchmaking event between Seattle cohort graduates and the ones exact exact same enterprise lovers. At these“speed that is startup” events, we pair a curated profile of startup organizations with a few of Microsoft’s key lovers and customers.
The Microsoft Accelerator model is “equity free” – we don’t just take monetary stakes in the firms that participate. Rather, the value that individuals deliver is in exclusive usage of Microsoft’s client base, and fundamentally, starting doorways to mutually useful start-corporate partnerships.
These events to our objective is to utilize our impact to generate connections between our startups and our clients, in hopes that a possible deployment—or also evidence of concept—will outcome. The other day had been, within my modest opinion, a house run. 85% associated with the ongoing companies taking part in the Enterprise Partners summit, along with 85% of organizations whom took part in the Graduation Event, and 62% of those taking part in the FinTech Summit have actually follow-up conferences currently set.
Such “speed dating” events create incredible possibilities for both startups and enterprises. When you yourself have a startup and also the opportunity to attend an event that is similar listed below are three ideas to maximize your experience:
- Practice your pitch. I’m sure, this appears apparent. But I’m always surprised at occasions such as these where organizations arrive unprepared to provide a(3-minute that is short pitch about what they are doing. And as the speed dating structure generally speaking just permits at under 20 minutes together, it is imperative to get across precisely what your solution does and what problem it solves as quickly as possible, and get right down to business.
- Understand who you’re meeting. Once again, appears like a no-brainer. But make the time before arriving to essentially research the businesses and representatives. It had been obvious within the space the other day whom had and who hadn’t done this. One group spent ten minutes (out of 20 total) asking questions regarding the part of this administrator sitting in the front of those. Don’t allow this be you.
- Have actually an ask. Exactly what are you in search of? a meeting that is follow-on? A proof-of-concept implementation? Know very well what you’re planning to request before you decide to also arrive at the function. Then expect you’ll either push for the deal or a meeting that is follow-up.
Are you currently a later on stage wellhello free trial business seeking to measure? Start thinking about deciding on the Microsoft Accelerator in Seattle, presently accepting applications for the fifth batch!