Aceleratech’s first Demo Day will take place tomorrow at ESPM in São Paulo. The accelerator’s inaugural class of startups, 11 in total, will pitch to investors, journalists and executives from São Paulo and around Brazil.
Aceleratech launched in late 2012 and commenced its first acceleration program at the beginning of this year. Co-founded and headed by Mike Ajnsztajn, the organization employs a five-pronged approach to business acceleration, its program designed in conjunction with ESPM. Ajnsztajn discussed his approach to and aspirations for Aceleratech in an interview with us last October.
Tomorrow morning, Aceleratech’s first batch of companies will take the stage after several weeks of work in developing their projects. They underwent more than 80 hours of classroom time and 150 hours of mentoring over the course of three months.
Breno Moraes, CEO of bus ticket sales platform Brasil by Bus who will present at Demo Day, described the Aceleratech experience:
We had the opportunity to develop a relationship with professionals from a number of areas of market activity and to have the invaluable mentoring of highly successful internet entrepreneurs. With this, our work has been more focused, and we’ve made adjustments to the business model based on the suggestions we received. We started the process of acceleration precisely in the launch phase, and we devoted all available resources to processing and adjusting our operation based on the feedback we received over the course of the process.
Aceleratech’s first batch of 11 startups includes models based on B2B, mobile and e-commerce. Most of the companies are already generating revenues, and a few are looking to internationalize. Meet them all here.
International Focus for Round Two
Though Aceleratech’s first acceleration process is just coming to an end, it has already begun its search for its next group of startups. It launched the call at the end of March, and now, the accelerator is making a new appeal for international applicants.
Aceleratech hopes to bring in startups from around the globe interested in taking their businesses to Brazil and the rest of Latin America. As Aceleratech is one of the nine startups participating in the recently-launched Start-Up Brasil initiative, this move is likely related.
Ajnsztajn highlighted the advantages of the program for local and foreign startups alike:
Our program is like a mini-MBA. We’re going to start selection of the second group of startups that will have an opportunity to dive into a program of acceleration and mentoring conducted by professors from the institution, successful professionals from the computer industry and specialists in various areas such as finance, administration, accounting and other subjects that are fundamental for anyone who wants to become an entrepreneur.
Pedro Waengertner, Ajnsztajn’s partner in the Aceleratech initiative, added:
With our program, entrepreneurs also have contact with investors, tools and consulting that will provide all the support necessary to develop a solid business model and win new investments.
Aceleratech will host an information session for potential applicants to learn more about its acceleration process on May 3rd at ESPM. Inscriptions for its second class will remain open until June 9th. Apply here.