According to a study by the Journal of Empirical Entrepreneurship, 8 out of 10 startups fail in the first 3 years of life, or in other words, in the conception phase. In many cases, they the failure do not prosper because they are too risky and/or experimental and the market is not yet ready, other times because their growth potential is not as expected or even because it is not a scalable innovation. The reasons can be countless, although the most frequent is the lack of demand for the product or service; that is, the lack of market validation .
Have you ever stopped to think about it?
Just because your friends or family think it’s a overseas data good idea doesn’t mean it really is. That’s why, at ISDI’s accelerator, ISDI Accelerator , and thanks to its incubation, acceleration and coordination projects with mentors, we’ve been helping thousands of startups find their way to success for the last 9 years .
What does your project need?
Entrepreneurship is a long and winding road. And this is not a poetic phrase, it is the most graphic description we can think of to explain this process. You will move forward, you will how to do smarketing in your company go back, you will return to the beginning, you will pivot, you will change your concept… But this flexibility, this capacity to adapt will be what largely defines the success of your startup .
Depending on the development phase you are in, you will need to surround yourself with one type of expert or another.
ISDI startup incubator
Startup Incubator
You have an idea and a possible initial business plan. You have belize lists the failure begun to. Assess its viability with your acquaintances. But you need to take it a step further. You are in the pre-seed phase. A fundamental stage and, perhaps, one of the least talked about in the entire. Entrepreneurship argument, but one to which you should. Dedicate the most time and effort.
Some incubation processes can take up to a year
The goal during this time is to build the best foundations for your startup. Validate the idea well, find the best product strategy, develop an MVP (Minimum Viable Product) or create. A prototype and plan the business and growth plan. That will make it viable. In short, you need to arrive prepared to the seed. Phase with a solid and structured project, ready to start pitching it to. Investors and the market , like the projects developed by ISDI alumni through ISDI Start : a delocalized incubation program, with specialized mentors, which is accessible to all alumni of the school and its ecosystem.
Startup Accelerator
You have reached this point with your MVP under your arm, validated and improved with the feedback of potential investors and potential clients. You are in the Early-Stage phase and now what you need is to RUN. That is the key to an accelerator: helping you so that in. Just 3/6 months, with the the failure help of the best mentors. You have your project ready to raise funding and enter. The market . From this moment on. The search for alliances. The creation of your team, growth and acquisition strategies are more. Relevant than ever. And being selected for a good acceleration program can be the difference you need to multiply the opportunities of your project.
The following phases of your business: Growth , Expansion and even Exit will be determined by your startup’s ability to break into the market with force and become a high-value project.
Are you ready to take the plunge?
Did you know that ISDI is the business school with the highest rate of startup creation after completing its programs? In the last 10 years we have helped in the creation of more than 450 companies and most of them have gone through our incubation or acceleration programs.
Did you know that ISDI Accelerator is one of the main the failure
European accelerators and that it has. Acceleration projects underway with public and private funding. In sectors as varied as automotive, EdTech. Social entrepreneurship or even Artificial Intelligence? You can follow all of its calls for applications on its website .
