Two Centers, One Global Vision
Global Startup Accelerator
Companies tend to see international expansion as an afterthought.
But as a startup, you’re in the business of thinking BIG.
With 95% of the world’s consumers living outside of the U.S., your customer base looms large. But odds are you are not reaching most of it.
Stop playing small! For those startups focused on connected devices, smart cities, smart government, digital health, fintech, education technology, cleantech, the Global Startup Accelerator is here to help you go global!
Why go global? You’re an innovator… going global is part of the business plan!
And the benefits are many:
✔️ Taking advantage of overseas opportunities adds volume and growth to your company
✔️ Differentiates your product or service by being a global player
✔️ Decreases costs through more efficient ways of doing business, while increasing profit margins
✔️ Improves business bargaining power
Who is this program for?
This program benefits entrepreneurs aiming to build a healthier and smarter society.
The 2020 GSA cohort will be exploring the Indian market and its opportunities in the areas of connected devices, smart-cities, digital health, fintech, education technology, and other products looking to democratize access to technology solutions.
So, what exactly is the Global Startup Accelerator?
Welcoming Center for New Pennsylvanians and the University City Science Center have been awarded $500,000 in funding from the U.S. Department of Commerce. This program is one of 27 chosen nationwide for funding by the EDA
In the 3-year grant, the U.S. Economic Development Administration’s Regional Innovation Strategies i6 program is funding the launch of the Global Startup Accelerator (GSA) to:
✔️ Foster the global innovation ecosystem in Philadelphia and
✔️ Open new doors to global markets for businesses across the Greater Philadelphia region.
✔️Generates a much wider range of knowledge sources, and other resources and capabilities
Indeed, Philadelphia proudly boasts one of the largest and fastest growing immigrant populations amongst major U.S. cities. According to the latest Pew State of the City report, 15% of Philadelphia residents are foreign-born; and a study by the New American Economy found that immigrants in the Philadelphia region are 43% more likely to be entrepreneurs than native-born residents.
The Global Startup Accelerator will tap into Greater Philadelphia’s business community and ensure that Philadelphia’s immigrant entrepreneurs are at the table and invited to contribute their vast knowledge on how to navigate international, global markets.
If you are interested in gaining insight into the international market without having to travel, this six-month program is for you.
Why should you apply?
✔️ Gain insights into business and business growth opportunities in the Indian market
✔️ Gain access to potential funding sources
✔️ Make direct connections to mentors, partners and potential clients
✔️ Meet and pitch Indian partners at local events
✔️6-month membership at ic@3401, the largest tech co-working hub of funded, early-stage tech companies in Philadelphia
Oct. 7, 2019 – Call for Cohort 2 – Indian Track
Dec. 1, 2019 at 12:00 am – Application Deadline
Dec. 2 to Dec. 13, 2019 – In person interviews
Dec. 16, 2019 – Announcement of the selected participants
Jan. 23, 2020 – GSA Info Session
Jan. 30 to Mar. 19, 2020 – Module 1: Market Framework: Indian Channels, access market data and Funding Mechanisms
Mar. 26 to May 14, 2020 – Module 2: Legal & Regulatory Frameworks – IP, Taxes, Regulations in India
May 28 to Jul. 16, 2020 – Module 3: Cultural Framework: Localization & Soft skills Development
Each module includes workshops, testimonials of entrepreneurs, pitch sessions to angel investors, one-to-one meetings with experts and mentors.