Chinaccelerator

Deadline: As soon as possible

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Location(s)

  • China
Shanghai

Overview

Chinaccelerator is an SOSV startup development program that not only invests in promising startups but also through its mentor- and data-driven accelerator program helps startups build real business across China and Asia.

Details

Startup Development Program

Our in-house experts use the Lean Startup method and adopt a data-driven approach to help startups accomplish market entry. In a six-month program, we help startup find product-market fit, obtain users, and monetize in the context of China and Asia.

Program Timeline

  • ON BOARDING - Get ready to rock from Day 1
  • VALIDATION - Adjust product and market fit through rapid iteration
  • EXPERIMENTATION - User acquisition through AB testing across multiple channels
  • SCALABILITY - Build traction and prepare for demo day and fundraising
  • FUNDRAISING - Continuous support on fundraising and access to an alumni network of 680 startups worldwide

STARTUP PROGRAM OVERVIEW

PROGRAM

  • 3+3 Months program
  • The program is divided into 3-month growth phase and 3-month fundraising phase based on the different focuses.
  • During the growth phase, Chinaccelerator sets up OKRs with startups and have weekly check-ins to discuss company strategy, experiments, and growth tactics. On daily basis, startups interact with mentors, Expert In Residence and Chinaccelerator team. We host Demo Day with 150+ investors before we enter the fundraising phase, when Chinaccelerator actively works with startups on investments from outside investors.

MENTORSHIP

  • 1-1 support from 300 + mentors
  • With over 300 mentors across China, South East Asia, the US, and Europe, our network has a global reach.comprised of industry leaders, entrepreneurs, serial entrepreneurs, and senior corporate heads..During and after the program, our mentors provide valuable insights for startups, ultimately saving them time and money. Chinaccelerator also has 8 Experts-in-Residence (EIRs) that provide deep expertise in key fields: growth hacking, product, team management, strategic positioning, branding, financial modeling, accounting, and fundraising.

SPACE

  • We provide free co-working space during the 6-month program at People Squared near Jing’an Temple, the heart of Shanghai. People Squared is one of China’s first and largest co-working space. People Squared has spaces in Shanghai, Beijing, and other cities.

PERKS

  • Every startup, past and present, has access to perks valued at $2,160,000. This access is provided through the Global Accelerator Network, SOSV Community, or directly negotiated by the Chinaccelerator team. We also organize weekly workshops.

COMMUNITY

  • Backed by the most active early-stage investor SOSV, Chinaccelerator has built a strong global startup community. We make it possible for early-stage startups and founders to get the best benefits from a robust, supportive, and worldwide alumni network.

ACCELERATION PROGRAM

  • Our in-house expertise takes the Lean Startup method and adopts a data-driven approach to help the startup to accomplish market entry.
  • In a six-month program, we help startup find product-market fit, obtain users, and monetize in the context of China and Asia.

Your entire team needs to be in Shanghai during the duration of the program. It’s the best way for us to help you during this critical period of growth.

Opportunity is About


Eligibility

Candidates should be from:


Description of Ideal Candidate

WHAT KIND OF COMPANIES ARE YOU LOOKING FOR?

  • Stage: Seed – Series B valuations (USD 2m – 30m)
  • Horizontal: Software, Mobile, Internet
  • Verticals: Education, WeChat, Fintech, Adtech, Health, E-commerce, Fashion, Real Estate, SaaS
  • Target Markets: Global vision; China / SE Asia emerging market expansion
  • Top KPIs: Key problem worth solving; 2 cofounders ideal; have traction (at least an MVP)

Dates

Deadline: As soon as possible


Cost/funding for participants

INVESTMENT

$150,000 Investment

Our fund SOSV takes 6% common equity for the accelerator program through a Stock Purchase Agreement (SPA). At the same time but separately we invest through a convertible instrument called an Accelerator Contract for Equity (ACE) similar to a SAFE. Of this US$100,000, US$45,000 is attributed to the cost of the program and the remaining US$55,000 is cash investment. Most companies will qualify for an additional US $50,000 from Chinaccelerator’s syndicate partner.

* Companies domiciled in the People’s Republic of China may not be eligible for cash investment from Chinaccelerator’s syndicate partner.

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