Four Can't-Miss Discussions on RiseUp '23's Inaugural Day
Joining an international accelerator program can offer numerous benefits for startups, as highlighted at the RiseUp Summit 2023. Shady El Tohfa and Youcef Oudjidane, speakers at the event, emphasized the broader access to diverse global networks, market insights, and cross-sector partnerships that international accelerators provide.
International accelerators offer startups a wealth of opportunities, including:
- Global partnerships and networks: These programs provide direct access to global industry leaders, investors, and corporations, offering opportunities in multiple countries. For example, ZEBOX's link to CMA CGM and other international maritime/logistics groups can open doors in various countries.
- Cross-cultural mentorship and knowledge exchange: Being part of an international cohort exposes startups to varied market needs, business practices, and innovative ecosystems beyond their local environment. This enhances adaptability and growth potential.
- Increased visibility and scaling potential: Being part of an international accelerator can attract attention from a wider set of investors and partners, which is valuable for startups looking to expand globally rather than just locally.
- Structured programs aligned with global industry challenges: Many international accelerators focus on themes of broad relevance, such as environmental impact, technology, or social issues. This allows startups to align with pressing international demand and standards.
In contrast, local accelerators tend to focus more on understanding and solving local market problems and regulatory environments. They provide networking mainly limited to regional investors, mentors, and corporate partners, and help startups build local traction which might be crucial before international expansion. Local accelerators also offer tailored resources customized for local entrepreneurial ecosystems and community development.
The choice between international and local accelerators depends on the startup's stage, goals, and target markets. For those aiming to scale globally, international accelerators offer a more global outlook, larger scale partnerships, and resources for expansion beyond local borders. Local accelerators, on the other hand, provide depth in localized market penetration and community engagement.
The RiseUp Summit 2023, taking place at the Grand Egyptian Museum, features over 260 renowned speakers across three stages: The Tech Stage, The Capital Stage, and The Creative Stage. The event will focus on the challenges and opportunities of building an empire in the region, the evolving e-commerce industry, and new trends reshaping the landscape.
For more information about the schedule of talks, visit the RiseUp '23 website. The MB Staff has also published the latest posts on various topics related to the tech industry.
Technology-focused international accelerators can offer startups access to structured programs that align with global industry challenges and provide resources for expansion beyond local borders. The networks and partnerships established through international accelerators also expose startups to varied market needs, business practices, and innovative ecosystems, fostering cross-cultural mentorship and knowledge exchange.
