Posted by Nivedita Kumari – Technical Anchor Mentor, Accelerator Program, and Prabhu Thiagarajan – Accelerator Success Mentor, Accelerator Program

This Worldwide Mentoring Day, we acknowledge that mentorship is a essential a part of the startup journey. Google for Startups Accelerator applications present founders and groups with the know-how, experience, and mentorship they should develop and succeed. As program mentors, we had the chance to have interaction with and empower many early stage startups serving to them scale and develop.

The Startup Problem

Though the startup ecosystem is quickly increasing, success isn’t a clean journey. On a median, it takes startups two to 3 years years to show a revenue, and fewer than 10% of startups that elevate a seed spherical efficiently elevate a Sequence A funding. Even those who handle to safe funding, nonetheless face different hurdles like driving natural development, fundraising, constructing model and market enlargement. Mentorship and entry to networks has been confirmed repeatedly to make the essential distinction for profitable founders.

To stage the taking part in discipline for startup success, Google for Startups connects founders to the individuals, applications and finest practices they should develop and scale their firms. Google for Startups Accelerator applications present individuals with hands-on mentorship and assist from Googlers in addition to skilled entrepreneurs and buyers. These specialists work straight with startups over the course of 10 weeks to offer tailor-made know-how, product growth, advertising, gross sales and fundraising.

Success Story

As Google for Startups Accelerator program mentors, we had the chance to accomplice carefully with numerous founders from world wide via the 2023 accelerator cohorts, together with these targeted on Cloud and Local weather Change. One among these startups for the Cloud cohort was RealKey, an Automated Mortgage Processing (ALP) SaaS platform.

RealKey automates doc assortment/overview processes and centralizes communication to cut back contact factors with underwriting. By way of the Google for Startups Cloud Program, RealKey was capable of speed up Google AI based mostly doc processing and mortgage course of automation to assist create a clear mortgage submission course of. Google for Startups helped RealKey scale back mortgage processing time and frustration for all events concerned. 

“Google’s Lending DocAI service enabled our platform to incorporate doc processing the place we classify paperwork and run advanced validation algorithms to make sure that a mortgage bundle meets all lending standards. That is sometimes a guide course of and our platform saves our purchasers helpful time and labor.” 

– Christopher Hussain, Founder & CEO, RealKey.

 

Over the course of the ten week program, the RealKey group labored carefully with us to develop and observe their program Goals and Key Outcomes (OKR). By way of a sequence of tailor-made technical deep dives, mentor-led product and program workshops, and pairing with related specialists from Google and the business, RealKey was capable of clear up a number of enterprise and technical challenges to speed up their outcomes. “With Google for Startups mentor assist, we achieved targets that we budgeted would take considerably longer”, says Christopher.

The Google for Startups Accelerator program offers startups with the assets and assist they should thrive within the aggressive world. By way of its complete program, startups achieve entry to funding, technical experience, networking alternatives, and mentorship from Google AI specialists, enabling them to beat technical challenges, develop efficient go-to-market methods, and speed up their development. With the steering and assist of Google AI specialists, startups can navigate the complexities of growing and commercializing their merchandise, successfully attain their audience, and set up themselves as leaders within the discipline of machine studying.

Subsequent Steps for Founders

Should you’re a startup founder, Google for Startups Accelerator applications are an effective way to get the assistance it’s essential develop your online business and obtain your targets. Purposes are actually open for Google for Startups Accelerator: Ladies Founders and Black Founders cohorts in North America. We encourage purposes from U.S. and Canadian headquartered know-how startups till February 1, 2024, with the 10-week applications commencing in March. Study extra and register right here.

Along with accelerator applications, Google for Startups presents a variety of applications and initiatives to assist startups at each stage of their journey. Whether or not you are simply beginning out or able to scale, Google for Startups may help you join with the proper know-how, experience, and neighborhood to develop your online business. Discover one of the best Google for Startups choices for you and your group right here.