The boom of accelerators in Europe, and Berlin in particular, is a well-reported phenomenon. One thing that isn’t so clear — especially when looking at newly-launched startup programs — is how much they actually contribute to their participants’ success.
That’s something Europe-wide accelerator Startupbootcamp is keen to change. In an effort to bring more transparency into its own program, Startupbootcamp has released a round up of its statistics since being founded in 2010 — from the average amount of funding raised to the number of startups that have folded.
Companies participating in Startupbootcamp’s 13 programs across Europe and Israel have raised a collective total of €27m — or an average of €400,000 each, with a 67 percent likelihood of receiving funding post-program. And although the startups coming out of the accelerator are still young (the first program was around three years ago) so far the stats look pretty good as far as failure is concerned — around 75 percent are still active.
Copenhagen is the most successful city when it comes to fundraising, startups in one program raised over an impressive €7m. Berlin lags behind, with companies from the inaugural 2012 program raising close to €1.7m collectively. As for graduates of the recently completed second program, Startupbootcamp is still waiting on the final numbers.
It’s a good idea and here’s to hoping other accelerators and incubators follow suit and release stats of their own – that could make the decision process easier for potential participants.
For all the stats, check out the images below (click to enlarge).
The stats by city
For related posts, check out
- Video: The Anatomy of an Accelerator – Part Two
- 2013 – the year of the corporate accelerator?
- Startupbootcamp Berlin to open coworking space The Startup Gallery
This story originally appeared on VentureVillage. Copyright 2014