Although most of London’s accelerators take a small percentage of equity in a company as payment, some instead charge a fee in exchange for their services. Paid accelerators are generally structured as a series of workshops designed to give startups exposure to the clients, investors, resources and knowledge they need to build a successful company. These paid accelerators can be a great option for startups – especially those looking to keep their shares in the company.

SWIFTSCALE

SwiftScale’s slogan is “enable scale through sales.” They help startups who have already passed a seed round and are starting to scale their sales, making introductions to decision makers at leading corporates, running masterclasses in sales & marketing from industry veterans, and introducing their startups to their broad network of investors.

Cost: £10,000 + VAT

Preferences: B2B and generating revenue

Location: Finsbury Square

Notable Alumni:

Akkroo – Software company for B2B event planning  

Rotageek – Predictive data-driven technologies to effectively and fairly schedule staff (and one of our members at Runway East Moorgate)

Action.AI – LaaS AI Chatbot software

Money Mover – International money transfer service for businesses

Find out more about SwiftScale here

ACCELERATOR ACADEMY

Accelerator Academy’s 12 week courses provide training, mentoring and access to capital. Focused on tech and media startups, they put a big emphasis on creating events that connect startups to investors. Run by the Accelerator Network, the Academy has a wide range of resources at its command to help startups – their startups receive 150 hours of training, including facetime with experienced mentors.

Cost: £600 (plus VAT) and 5% equity

Preferences: Tech, Media and Telecoms

Location: Smithfied Market, Farringdon

Notable Alumni:

Causr: Networking app that connects professionals on the go

Looks Good On Me: Smart fashion recommendation engine

Squarify: Consulting agency that uses analytics to increase sales and improve operations and customer service

Find out more about Accelerator Academy here

FASTFORWARD

Positioning themselves in the ‘Pre-Accelerator’ space, FastForward aim to help startups in their earliest stages. Started as an initiative by City University and the Accelerator Academy, they offer a 6 week course of 1 session per week. Aimed at teams of new entrepreneurs, beginners get help with their tech, marketing, finance and more.

Cost:  £350 + VAT

Preferences: Not specified

Location: Loughborough University of London

Notable Alumni:

Adavow: MadTech startup aimed at reducing wasted online advertising

DripApp: Prepaid coffee plan app, ‘Oyster cards for coffee’. It gained 30,000 users despite shutting down in 2016.

Find out more about FastForward here

MOMENTUM

Momentum consists of classes, market validation sessions and connections. Aimed at startups that are transitioning to SME’s and eventually large enterprises. They require that startups have either raised a seed round or are generating revenue. Momentum is partnered with Incubus, the travelling incubator bus, which is a great tool for gaining exposure for its cohorts.

Cost: Undisclosed, fee only

Preferences: Later stage B2B and B2B2C

Location: Finsbury Square

Notable Alumni:

Loqr – Adaptive authentic security solutions

CyberOwl – Early warning security system that uses real-time monitoring of malicious behavior

Blockwise – Consultant and software developer that helps businesses use blockchain

Find out more about Momentum here

FOUNDER INSTITUTE

Headquartered in Silicon Valley, the renowned accelerator has chapters all over the world, including London. Founder Institute is an early-stage accelerator designed at helping founders get started. FI’s three and a half month semester programs are for all early-stage entrepreneurs.

Cost: $1549, but varies by program

Preferences: Entrepreneurs interested in founding tech startups

Location: Islington High Street

Notable Alumni:

Pathgather – LMS talent development platform

Realty Mogul –  Online real estate crowdfunding marketplace

Find out more about Founder Institute here

DENT GLOBAL

The Daniel Priestly-founded company offers two different accelerators, each in different areas of the startup process. The Key Person of Influence programme is aimed at founders who want to build their network and become successful entrepreneurs. It is a 40 week programme that helps entrepreneurs improve their pitches, content and partnerships.

Dent also offers the Threshold Accelerator, aimed at those in later stages who want to take their startups from the self-employed stage to passing the threshold into being officially considered a business. In six full-day workshops, it gives startups the resources and accountability they need to grow.

Cost: Varies, but KPI is approximately £7000.

Preferences: Programme dependent

Location: St. Pancras

Notable Alumni:

InnovativeFront – Transformational marketing, consulting and software development agency

Shake Creative – Web design and graphic design agency

Open to Create – Creative career coaching and creative event hosting company

Find out more about Dent Global here

HATCH ENTERPRISES

Hatch is a charity which offers a variety of programmes, including a launchpad, incubator and accelerator. Their main accelerator, ‘Female Founders,’ is only available for women, and made the 2016 European Accelerator Report of 2016 for top 20 accelerators. The accelerator provides support in the form of workshops, mentoring, 1-to-1 support and coaching.

Cost: £1800

Preferences: Programme dependent

Location: Brixton

Notable Alumni:

Global7 – Acting & talent representation agency in film, television, theatre and advertising roles

Make Do and Mend – Sustainable fashion charity that teaches people how to make their clothes last longer

Air Peace of Mind – Vacation rental manager for short-term holidays in Central London

Find out more about Hatch Enterprises here

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