What We Do
The Accelerator program is about 4 months long, starting in September and ending in January, with a Demo Day. We expect founders to be working full time on their startups, and invite them to come work in one of our shared workspaces located in Ramat Aviv or Yerucham.
We work with early stage entrepreneurs on the development of their companies. Specifically, we focus on these areas:
What problem are you trying to solve? Who are your customers? We’ll help you nail the market fit and develop initial market traction with your target audience.
Our team will work with you on developing your business strategy and plan to execute. As well, we’ll help you prepare an investment plan, and set up the financial side of your organization.
Industry business development
We are deeply connected to the education industry and to the world’s best edtech investors. We’ll help you prepare to meet and attract your best business partners.
We’ll connect you directly to the market, placing your product in pilot programs, and getting lots of user testing and feedback.
While your initial product launch might be here in Israel, we’ll work with you to develop a strategy for your next steps, whether those are in the U.S., Asia or another market. We’ll connect you directly to those education systems and work with you to develop the relevant partnerships in your desired geography.
1:1 Mentoring sessions | Speaker Series | Product Sessions | Workshops (Google launchpad, whiteBoard etc.) | Community Events | Marathons | Product testing Sessions | Investor intros | Business development meetings
Your relationship with the Accelerator will continue for 8 months (until our next cohort); teams can stay at the workspace and we’ll keep providing help with business development and investor intros. In addition, we host road shows for a select group of graduates in the U.S. and other locations.
In return for this continued relationship, we hope the graduates will help grow Israel’s Edtech community by assisting and mentoring other companies in the ecosystem.
MIndCET has completed 4 cohorts, each with 8-10 companies. Here are a few highlights from previous years:
Is this Program Right for You?
Stage: Pre seed or seed
Definition of Edtech: involved in learning & technology
Product stage: MVP
At least one full time team member
While there is no monetary fee for the accelerator program, MindCET takes a 2.5% stake in the company. As well, some firms receive additional investment from CET, usually about $30,000.