Posted by Nivedita Kumari – Technical Anchor Mentor, Accelerator Program, and Prabhu Thiagarajan – Accelerator Success Mentor, Accelerator Program
This Worldwide Mentoring Day, we acknowledge that mentorship is a important a part of the startup journey. Google for Startups Accelerator packages present founders and groups with the expertise, experience, and mentorship they should develop and succeed. As program mentors, we had the chance to have interaction with and empower many early stage startups serving to them scale and develop.
The Startup Problem
Though the startup ecosystem is quickly increasing, success isn’t a easy journey. On a mean, it takes startups two to a few years years to show a revenue, and fewer than 10% of startups that elevate a seed spherical efficiently elevate a Sequence A funding. Even those who handle to safe funding, nonetheless face different hurdles like driving natural development, fundraising, constructing model and market enlargement. Mentorship and entry to networks has been confirmed again and again to make the important distinction for profitable founders.
To stage the taking part in area for startup success, Google for Startups connects founders to the folks, packages and finest practices they should develop and scale their corporations. Google for Startups Accelerator packages present members with hands-on mentorship and assist from Googlers in addition to skilled entrepreneurs and buyers. These specialists work instantly with startups over the course of 10 weeks to offer tailor-made expertise, product growth, advertising and marketing, gross sales and fundraising.
Success Story
As Google for Startups Accelerator program mentors, we had the chance to associate carefully with varied founders from all over the world by the 2023 accelerator cohorts, together with these targeted on Cloud and Local weather Change. Certainly one of these startups for the Cloud cohort was RealKey, an Automated Mortgage Processing (ALP) SaaS platform.
RealKey automates doc assortment/assessment processes and centralizes communication to cut back contact factors with underwriting. By way of the Google for Startups Cloud Program, RealKey was capable of speed up Google AI based mostly doc processing and mortgage course of automation to assist create a clear mortgage submission course of. Google for Startups helped RealKey scale back mortgage processing time and frustration for all events concerned.
“Google’s Lending DocAI service enabled our platform to incorporate doc processing the place we classify paperwork and run complicated validation algorithms to make sure that a mortgage package deal meets all lending standards. That is sometimes a guide course of and our platform saves our purchasers beneficial time and labor.”
– Christopher Hussain, Founder & CEO, RealKey.
Over the course of the ten week program, the RealKey crew labored carefully with us to develop and observe their program Aims and Key Outcomes (OKR). By way of a sequence of tailor-made technical deep dives, mentor-led product and program workshops, and pairing with related specialists from Google and the business, RealKey was capable of remedy a number of enterprise and technical challenges to speed up their outcomes. “With Google for Startups mentor assist, we completed objectives that we budgeted would take considerably longer”, says Christopher.
The Google for Startups Accelerator program supplies startups with the sources and assist they should thrive within the aggressive world. By way of its complete program, startups achieve entry to funding, technical experience, networking alternatives, and mentorship from Google AI specialists, enabling them to beat technical challenges, develop efficient go-to-market methods, and speed up their development. With the steering and assist of Google AI specialists, startups can navigate the complexities of creating and commercializing their merchandise, successfully attain their target market, and set up themselves as leaders within the area of machine studying.
Subsequent Steps for Founders
In case you’re a startup founder, Google for Startups Accelerator packages are a good way to get the assistance it is advisable to develop your small business and obtain your objectives. Purposes at the moment are open for Google for Startups Accelerator: Girls Founders and Black Founders cohorts in North America. We encourage purposes from U.S. and Canadian headquartered expertise startups till February 1, 2024, with the 10-week packages commencing in March. Study extra and register right here.
Along with accelerator packages, Google for Startups provides a variety of packages and initiatives to assist startups at each stage of their journey. Whether or not you are simply beginning out or able to scale, Google for Startups can assist you join with the fitting expertise, experience, and neighborhood to develop your small business. Discover the perfect Google for Startups choices for you and your crew right here.
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