Accelerators are a cornerstone of the early-stage ecosystem, providing essential mentorship, capital, and connections. In the past few years there has been an explosion of business communities, governments and academic centers setting up accelerators, seed accelerators and accelerator programs. Although the terms are sometimes used interchangeably, for entrepreneurs it is important to know the difference between the diverse type of accelerators when seeking advisors or funding.
Articles and studies:
European Accelerator Summit: Acceleration today
Quora: What is a complete list of accelerators in Finland?
Tallyfox: Best Finnish incubators and accelerators
Nordic Founders: An open letter to startup accelerators in Finland
Top 11 Finland Accelerators
The Vigo Accelerators are private companies that are run by experienced entrepreneurs. They have been selected from the best applicants in their respective fields in a public procurement process. The Vigo Accelerators offer their proven business expertise, funding and extensive contact networks to the selected target companies. The Vigo Accelerators invest both money and time and take on both a strategic and an operative role in the companies. Every acceleration process is tailor-made for the selected company.
Winterbackwoods SAAS ACCELERATOR offers a total service solution, which supports SAAS startup business development, online sales channel development and also offers financial solutions usually with other investors. The objective is to find new, interesting SAAS related startups that have international potential, a unique idea and also good quality execution.
We provide startups with hands-on experience in innovative web-based services to achieve rapid growth and success internationally. Together with the entrepreneurs we develop business models for products and services, acquire new customers and raise funding during an acceleration period of 6 to 24 months.
We are a venture capital firm and active service providers working in the design, fashion and lifestyle fields. We run a private equity fund which invests money into fashion, design and lifestyle start-ups usually during seed rounds.
Newe was founded in 2009 with a focus on building growth companies for global opportunities in the areas of Clean, Energy and Applied ICT. Newe partners have proven international careers, both in large global ICT companies and in agile high tech startups.
Helsinki Ventures is a boutique accelerator and early stage investor. What’s so special about it? Well, besides Finland we focus on companies and innovation from northeastern Europe.
Icebreaker is a seed stage investor operating with a community-based model. We catalyze winning technology companies from untapped potential.
Avanto Ventures offers hands-on expertise, funding, office space and an inspiring community and vast network for startups developing innovative, digital and communal solutions. For companies Avanto Ventures offers tailored accelerator programs and is involved in building new, digital businesses.
We have successfully grown companies as entrepreneurs and investors for more than 10 years. We have raised a total of approximately €180 million in funding, successfully exited investments and our own companies, but most importantly – we still enjoy the beating of the entrepeneurial heart and we work hard to get things done.
Private business accelerators run a process or provide range of services that accelerates the successful development of startup and early growth companies. Models may vary a lot from the consultancy type of process to the investor and co entrepreneurial type of cooperation. Also the driving force for starting or running the accelerator varies. Some do it for marketing purposes to support their main business others as their main occupation. Also the revenue models vary from consultancy type of fees to revenue sharing and exit tied models.
The most common business models for the private accelerators are:
1. A fee for the additional services (i.e. mentoring, office space, etc).
2. A percentage of raised funding.
3. A percentage of the revenue.
4. A percentage of the equity when company is sold.
5. A percentage of the equity when company goes public
Suomen Yrityskehitys Oy kehittää, kiihdyttää ja järkeistää asiakkaidensa yritystoimintaa. Tyypillisiä asiakkaitamme ovat startup-, perhe- ja kasvuyritykset. Kasvatamme yrityksesi arvoa esimerkiksi luomalla kannattavaa kasvua, alentamalla kuluja tai avustamalla rahoitus- ja yritysjärjestelyissä.
Tarjoamme suoran sijoituskanavan lupaavimpiin kasvuyhtiöihin. Seuraa pääomasijoitusstandardien mukaisesti valittuja sijoituskohteitamme. Osallistumme jokaiseen rahoituskierrokseen samoilla ehdoilla sijoittajien kanssa.
We focus on early stage technology companies with high growth potential. Our operation model is based on increasing the value of our portfolio companies. Our operation style resembles having professional serial entrepreneur co-founders for the duration of the early stages of the company.
We want to invest in the best seed stage companies and help them create new markets and become global leaders in their industry. Along with investing venture capital we take pride in making our 400 professionals available for our portfolio companies for free.
Takeoff Partners are experienced growth advisors and private investors focused on internationalizing B2B software and service businesses. As entrepreneurs we have built pioneering businesses from the ground up into global leaders.
Accelerator Programs are fixed-term, cohort-based programs, that include mentorship and educational components and culminate in a public pitch event or demo day. Seed accelerators are either sector focused (eg. cleantech) or open for a wide range of industries. The application process is open to anyone, but might be quite competitive. A seed investment in the startups is sometimes made, in exchange for equity. Typically, the investment in Finland is between 5 000 – 15 000 €.
Programs last typically between 3 to 4 months. During this time, entrepreneurs receive mentoring and training, and they are expected to iterate rapidly. Programs end to a “Demo Day”, where the startups present their business ideas and concepts to an audience (eg. investors).
The business model is based on generating venture style returns, not usually rent or fees for services. Costs are covered mainly by sponsorship’s.
xEdu is an accelerator that works with startups creating transformative learning solutions in the education sector. Based in Finland, we maximize upon the expertise of our nation’s superior educational system and pioneering tech/gaming scene and combine it with our dynamic global network of innovators, educators, entrepreneurs and investors.
We all want increased health and a happier life. We believe that services based on innovation in healthcare, wellness, big data in health, and the quantified self are those with the most immediate impact on how we live today. We are also specialists with wide and deep experience in the following sectors: preventative, diagnostic, therapeutic, […]
Customized, digitally accessible accelerator program to boost startup growth. Levelup in Kotka, Finland welcomes all companies with a scalable business, no restrictions on your sector or industry. We join local & global business minds. The program is free of charge & non-equity based.
Aalto Start-Up Center is a fast-developing business accelerator within Aalto University. They provide an excellent springboard to success for aspiring entrepreneurs by offering modern premises, high level business development and coaching as well as access to a wide network of business expertise.
Turbiini Startup Accelerator supports new startups in Vantaa and is actively searching for new companies to offer innovation services. Our goal is to help business ideas evolve into teams and startups.
We help promising startup teams with international growth potential to take their businesses to the next level and grow internationally. We are Finland’s Best Service Provider 2014 and Finland’s Top 5 Accelerator Programs 2015 and 2016 by Nordic Startup Awards.
Spinno Enterprise Center delivers world class, award winning pre-incubation and incubation programs for technology and knowledge based start-ups aiming at rapid growth and international success.