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 interact with and empower many early stage startups serving to them scale and develop.
The Startup Problem
Though the startup ecosystem is quickly increasing, success is never a clean journey. On a mean, it takes startups two to a few years years to show a revenue, and fewer than 10% of startups that increase a seed spherical efficiently increase a Collection A funding. Even those who handle to safe funding, nonetheless face different hurdles like driving natural development, fundraising, constructing model and market growth. Mentorship and entry to networks has been confirmed again and again to make the essential distinction for profitable founders.
To stage the enjoying discipline for startup success, Google for Startups connects founders to the folks, applications and finest practices they should develop and scale their firms. Google for Startups Accelerator applications present contributors with hands-on mentorship and assist from Googlers in addition to skilled entrepreneurs and buyers. These consultants work straight with startups over the course of 10 weeks to supply tailor-made know-how, product improvement, advertising, gross sales and fundraising.
As Google for Startups Accelerator program mentors, we had the chance to companion intently with varied founders from world wide by means of the 2023 accelerator cohorts, together with these centered on Cloud and Local weather Change. One in all these startups for the Cloud cohort was RealKey, an Automated Mortgage Processing (ALP) SaaS platform.
RealKey automates doc assortment/assessment processes and centralizes communication to cut back contact factors with underwriting. Via the Google for Startups Cloud Program, RealKey was in a position to 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 cut 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 package deal meets all lending standards. That is usually a handbook course of and our platform saves our shoppers precious time and labor.”
– Christopher Hussain, Founder & CEO, RealKey.
Over the course of the ten week program, the RealKey crew labored intently with us to develop and monitor their program Targets and Key Outcomes (OKR). Via a collection of tailor-made technical deep dives, mentor-led product and program workshops, and pairing with related consultants from Google and the trade, RealKey was in a position to resolve a number of enterprise and technical challenges to speed up their outcomes. “With Google for Startups mentor assist, we completed targets that we budgeted would take considerably longer”, says Christopher.
The Google for Startups Accelerator program gives startups with the assets and assist they should thrive within the aggressive world. Via its complete program, startups achieve entry to funding, technical experience, networking alternatives, and mentorship from Google AI consultants, 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 consultants, startups can navigate the complexities of creating and commercializing their merchandise, successfully attain their target market, and set up themselves as leaders within the discipline of machine studying.
Subsequent Steps for Founders
If you happen to’re a startup founder, Google for Startups Accelerator applications are a good way to get the assistance it’s essential to develop your small business and obtain your targets. Functions are actually open for Google for Startups Accelerator: Girls Founders and Black Founders cohorts in North America. We encourage functions from U.S. and Canadian headquartered know-how startups till February 1, 2024, with the 10-week applications commencing in March. Be taught 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 can assist you join with the best know-how, experience, and group to develop your small business. Discover the most effective Google for Startups choices for you and your crew right here.