The WOW accelerator, based in Porto Alegre (RS), started the selection process for its sixth investment cycle, which aims to capture projects from startups with high growth potential.
To participate, candidate companies must be in the "pre-operational" phase, in which they already have a prototype, but do not yet generate revenue; or in the growth stage: startups with proven traction or that have already received investments in the past. Applications must be made on the WOW Accelerator website by March 6th. The finalists will be announced on April 30th at WOW Day.
With total capital of R$ R$ 8 million, WOW has already invested in 21 companies throughout the country and now must choose five more projects to receive R$ 50 thousand or R$ 150 thousand of investment in each one. Thus, WOW expects to have a portfolio of more than 30 startups by the end of 2016.
André Ghignati, executive director of WOW, explains that two differentials of the accelerator are its proven methodology and the qualified group of investors and mentors. “We form a strong group of investors and mentors, which adds a lot in experience and market relationship to accelerated companies, boosting their expansion”, he concludes.
In addition to the financial contribution, the accelerator provides the selected startups with physical infrastructure, mentoring, networking, training, service and systems partnerships that, if computed, would represent another R$ 200 thousand of investment. All this effort is focused on building winning business models, increasing the chances of success of the ventures. The accelerator is multisectoral, seeking startups with differentiated teams that solve real problems in a scalable way in markets with great potential for expansion, regardless of the sector in which they operate.
To participate, candidate companies must be in the "pre-operational" phase, in which they already have a prototype, but do not yet generate revenue; or in the growth stage: startups with proven traction or that have already received investments in the past. Applications must be made on the WOW Accelerator website by March 6th. The finalists will be announced on April 30th at WOW Day.
With total capital of R$ R$ 8 million, WOW has already invested in 21 companies throughout the country and now must choose five more projects to receive R$ 50 thousand or R$ 150 thousand of investment in each one. Thus, WOW expects to have a portfolio of more than 30 startups by the end of 2016.
André Ghignati, executive director of WOW, explains that two differentials of the accelerator are its proven methodology and the qualified group of investors and mentors. “We form a strong group of investors and mentors, which adds a lot in experience and market relationship to accelerated companies, boosting their expansion”, he concludes.
In addition to the financial contribution, the accelerator provides the selected startups with physical infrastructure, mentoring, networking, training, service and systems partnerships that, if computed, would represent another R$ 200 thousand of investment. All this effort is focused on building winning business models, increasing the chances of success of the ventures. The accelerator is multisectoral, seeking startups with differentiated teams that solve real problems in a scalable way in markets with great potential for expansion, regardless of the sector in which they operate.
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