Exactly What do you realy get once you mix room saturated in startup founders with corporate professionals? Magic!
A week ago, the Microsoft Accelerator team ran four activities where this occurred. In ny, we had a FinTech Innovation Summit and a graduation occasion when it comes to latest cohort through the Seattle Accelerator. We additionally held an Enterprise Partners Innovation Summit at Microsoft head office, along with a matchmaking event between Seattle cohort graduates and people exact same enterprise seniormatch login 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 clients.
The Microsoft Accelerator model is “equity free” – we don’t just take stakes that are financial the businesses that participate. Alternatively, the worthiness that people deliver is in exclusive use of Microsoft’s client base, and fundamentally, starting doorways to mutually useful partnerships that are start-corporate.
Our goal by using these activities is to utilize our impact to generate connections between our startups and our clients, in hopes that a prospective deployment—or even evidence of concept—will result. A week ago ended up being, within my opinion that is humble house run. 85% associated with the ongoing organizations playing the Enterprise Partners summit, in addition to 85% of organizations whom took part in the Graduation Event, and 62% of those playing the FinTech Summit have actually follow-up meetings already set.
Such “speed dating” events create amazing possibilities both for startups and enterprises. When you yourself have a startup plus the chance to attend an event that is similar listed here are three suggestions to maximize your experience:
- Practice your pitch. I understand, this appears apparent. But I’m always surprised at occasions like these where organizations turn up unprepared to provide a brief (3-minute) pitch about what they are doing. And since the speed dating format generally speaking just enables at under 20 moments together, it is imperative to get across precisely what your solution does and just exactly what issue it solves as fast as possible, and get right down to business.
- Understand who you’re meeting. Once more, may seem like a no-brainer. But use the time before showing up to essentially research the firms and representatives. It had been obvious into the room week that is last had and that hasn’t done this. One group invested ten minutes (away from 20 total) asking questions regarding the part for the executive sitting in the front of these. Don’t let this be you.
- Have actually an ask. What exactly are you shopping for? a meeting that is follow-on? A proof-of-concept implementation? Understand what you’re planning to require if your wanting to also arrive at the big event. Then be ready to either push for the deal or perhaps a meeting that is follow-up.
Are you currently a later on stage business trying to measure? Think about signing up to the Microsoft Accelerator in Seattle, presently accepting applications because of its 5th batch!