The writers, bloggers and consultants who advise you to decide between startup accelerators and business incubators are WRONG for Nevada! We want and need a different and better approach to growing our startup ecosystem in Nevada.
The StartUpNV “Battleborn” version of startup business incubation involves principles and practices that blur the line between traditional definitions of startup incubation and business acceleration in private and government funded startup ventures. StartUpNV breaks the hyper-specialization focus of the expensive, crowded, and over regulated economies of California and other places with similar attributes.
Nevada’s rough and tumble pioneer culture means we’re not politically correct as many others seek to be, rather we focus on results. Our Nevada culture demands that we use what resources we have at hand and create the needed resources that we don’t have. So StartUpNV focuses on pairing good ideas and driven founders with a unique accelerated incubation (“accubation”) process, smart capital, and an economic environment (low taxes and regulation) to make the startup business and the investors successful in better than current 7-8 year average time frame from company formation to IPO, acquisition, or another type of successful exit.
How StartUpNV works for Nevada versus traditional startup incubators or business accelerators
|
StartUpNV |
Business Incubator |
Startup Accelerator |
|
| Timeline | Pitch every 90 days | Not Specific – up to 5 years | 10-23 weeks |
| Funding | Tailored to capital needs @ specific accubation process point: Post MVP with Initial sales and renewals | Not specified outside of a fund sponsored Incubator | Typically $10-$50k at exit |
| Equity | 1-2% | Varies – typically 5%+ | 5-10% |
| Commitment | 90 days, then monthly | Annual office lease | Program length |
| Location | Virtual, co-work, rent office or combination | Incubator office | Accelerator location |
| Focus | Scalable ventures in Nevada – no specified business types | Typically specialized – tech, med, B2C, etc. | Typically specialized – tech, med, B2C, etc. |
| Fees | Under $250/mo | Application Fee+ $750+/mo | Application Fee + Travel costs ($5k+) |
| Entry Criteria | Open Pitch Schedule + Transparent feasibility algorithm | Apply + pitch to admission board | Apply + pay fees (if required) |
| Mentors | Hand-picked and rotated to attain specific 90-180 goals | Volunteers from interested members | Accelerator mgmt. and their connections |
| Organization Type | 501(c)3 economic development non-profit | Commonly DE C Corp formed VC | Private for profit corp, LLC, and/or VC fund |
| Capital Partners | 8 sources and growing: seed, angel, VC, PE and debt | None or funded by a VC | Funded by Accelerator |
There are tons of other articles on startup business accelerator and incubator programs which you can reference. We broadcast, re-post and re-tweet on startup topics daily – and you’ll find them in our feed on our news page. We’d love to hear your comments on Battleborn Accubation, the StartUpNV accelerated business incubation process, at info@startupnv.org or on any of our social media pages at Twitter, Facebook, and LinkedIn.
