GP Accelerator 2.0

Grameenphone Accelerator (GPA) is a cohort-based, mentor-led and curriculum-driven open innovation platform helps early stages entrepreneur to validate their IDEA, prototype building and help them to make investable. Sheba.XYZ, CMED Health, Repto, Cramstack, AlterYouth and BankcompareBD are few startups that have successfully graduated from the Accelerator program. GP Accelerator empowers tech startups with the resources they need to build, grow, and Go Beyond. It also provides seed funding, expert mentors, top-notch curricula, in-house development resources, investor access and many more. So are you ready to be the next big startup in Bangladesh? Join with our next batch!

The Pre-Accelerator program

25 teams with a validated idea along with their unique proposition and 2 months of training for them to prepare properly for launching in the market.

The Accelerator program

10-12 Teams will be selected for accelerator program and they will be incubated for 4 months. The selected teams will get advise from expert mentors, work space and many more.

Our Portfolio

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FAQ

General Questions

WHAT IS AN ACCELERATOR PROGRAM?

WILL YOUR IDEAS GET STOLEN?

Not by us! We aren’t in the business of stealing ideas. The best way to protect your ideas is by being better than anyone else. You may also want to look into trademarking and copyrighting your intellectual property with your lawyer. If you’re accepted, we’ll try our best to make that happen.

WHO CAN APPLY?

If you’re in tech, have got a great early-stage startup, a great team and you think you can benefit greatly from what the GP Accelerator has to offer (Seed Funding, Office Space, Mentorship, Access to Investors, and more…), then sure, you should definitely apply! You can also apply for Pre-Accelerator program if you have a great Idea which you think can be turned into a product.

IS THIS ONLY FOR STARTUPS IN BANGLADESH?

The GP Accelerator will accept startups from any countries around the world.

CAN WE HELP YOU REGISTER YOUR COMPANY?

You should consult your own legal advisors for this.

CAN THE GPA COMMUNITY BUILDERS APPLY FOR PRE-ACCELERATOR OR ACCELERATOR PROGRAMS?

No. During batch 6, Community Builders are not eligible to apply for its pre accelerator and accelerator program.

Pre-accelerator

WHAT IS PRE-ACCELERATOR?

Pre-Accelerator will be focused on 25 teams to validate their idea along with a unique proposition with 2 months of training, taking them from concept to MVP/ Prototype.

WHO SHOULD APPLY FOR PRE-ACCELERATOR?

GP Accelerator accepts tech idea that already has some solid market research is eligible to apply for Pre-Accelerator.

IS THERE ANY SEED FUND IN PRE-ACCELERATOR?

No. But we will be offering office space, lunch, internet, logistics etc.

WHAT IS THE IDEAL TEAM SIZE FOR PRE-ACCELERATOR?

There are no fixed requirements but ideal would be one co-founder with a solid team.

WHAT BENEFITS DO I RECEIVE FROM PRE-ACCELERATOR?

Pre accelerator will give you a life time experience to build your product from concept. Also, it will guide you to form your own company during the program time.

HOW PRE-ACCELERATOR IS DIFFERENT FROM ACCELERATOR?

Pre-Accelerator is basically incubation for the potential ideas which might turn into product.

WHAT IS THE SELECTION PROCESS FOR THE GP PRE-ACCELERATOR PROGRAM?

A 2 days selection bootcamp with 35 teams will take place at GP house. Here we will listen to your idea, to validate your team ability and due diligence. 25 out of 35 teams will get opportunity to participate in 2 months Pre-Accelerator program.

Accelerator

WHAT IS THE SELECTION PROCESS FOR THE GP ACCELERATOR PROGRAM?

There are three rounds of filtration of applications. After the application submission deadline, we’ll sort through all the applications based on how well we think your startup will be able to benefit from accelerator resources, your team’s ability to execute, and the strength of the business. Next, we’ll invite teams to pitch in front us; we’ll have in-person interviews and see if you can sell us your story. Final Round will be when we select the final 12, and here, we’ll also have in-person pitches and see who has the most potential us the most based on a holistic evaluation.

WHO SHOULD APPLY FOR ACCELERATOR?

Ideally, the GP Accelerator accepts tech startups that already have something to show/ demonstrate. This is ideal because then you are in a position to best take advantage of the resources the program provides. Ideas are hard to accelerate. But if you have a minimum viable product, a prototype, or some low traction and users, or even any of that in development, its better suited to take advantage and accelerate growth. Of course, exceptions are always there for the exceptional.

WHAT IS THE IDEAL TEAM SIZE FOR ACCELERATOR PROGRAM?

There is a minimum team size of two co-founders. The maximum number of people from your team that can work from GP House is four. At least one co- founder needs to be working full-time for your company to be eligible for the GP Accelerator program.

WHAT AM I GOING TO LEARN?

After joining, we’ll go through an orientation and get to know you, and have you get to know us. You’ll match yourselves with relevant mentors. And for the next few months we’ll go through intensive modules in Customer Identification and Development, Product Development, Sales & Marketing, Customer Validation, Operations & Execution, Legal & Finance, and more. Depending on your strengths and weaknesses, we’ll focus and curate the intensity of the curriculum.

CAN I WORK 24/7?

You can work at GP House from 8 am to 8 pm every day, except Friday. You can work anywhere else outside GP House for however long you want! But the GP Accelerator team officially runs from 9 am – 5 pm. They may as well work longer, but they’re not obligated to.

DO I HAVE TO SHOW UP EVERYDAY AND WORK AT GP HOUSE?

You are expected to participate fully and be fully engaged in the GP Accelerator program. That means being primarily based out of GP House for the duration of the program. You’ll benefit greatly from interacting with the team, the other startups, visiting mentors and the Grameenphone infrastructure. That being said, it’s your company and your responsibility, so manage your time accordingly. To be fair to the other teams, we can’t hold up the program if you aren’t fully participating.

HOW DO YOU ACCESS THE GP HOUSE? CAN YOU BRING GUESTS IN? CAN YOU HAVE MEETINGS WITH OUTSIDE PEOPLE?

If you are selected to enter the GP Accelerator, you will be given an access card to allow you entry. It’s valid for your 4.5-month batch during working hours. You cannot bring in guests, but can request business-related guests to be brought in for meetings. You can book meetings with the help of the GP Accelerator admin team.

DO YOU HAVE TO PAY RENT?

Not for your space at GP House for the Accelerator and Pre-Accelerator you’re working there during the program.

DO YOU GET TRANSPORT? DO YOU GET FOOD? DO YOU GET A COMPUTER?

There are no separate allowances for transport, conveyance, hardware, etc. Lunch at the Grameenphone cafeteria is included with the program and will be provided for the duration of the program for your participating team members (up to four members).

WHAT IS GRAMEENPHONE’S INVOLVEMENT? DO THEY OWN YOUR COMPANY? WILL YOUR SERVICES BE EXCLUSIVE TO THEM?

It’s your company. You run it, operate it, and reap the rewards and the losses. You make deals with whomever you like. You are not exclusive to Grameenphone. The intention isn’t to eat up your company, but to help build it. If Grameenphone and brand value can help with that, well, great.

CAN YOU GET KICKED OUT OF THE GP ACCELERATOR?

Unless you’re involved in criminal activity or actively uncooperative and disrespectful to the people around you and your environment, you should be fine. The GP Accelerator reserves the right to ask you politely to step out if there is a breach of codes of conduct or values. You also cannot be a part of any other accelerator programs at the same time, just due to conflict of interest.

WHAT’S DEMO DAY? WHO COMES? WHAT HAPPENS?

Demo Day is an invite-only event at the end of your 4-months at the GP Accelerator that is geared toward deal-making. You’ll pitch your startup to a room full of potential investors, customers, partners and others that can potentially increase your business. This is your opportunity to hustle. Nothing guaranteed. Like we said, it’s your company, and you can make a deal with whomever you like, and it’s on you to close the deals. We won’t close them for you.

DURING DEMO DAY, CAN YOU ACCEPT OFFERS OTHER THAN GRAMEENPHONE?

Yes, we would encourage it; we want your company to succeed. There are no restrictions put on you to who you can deal with. Remember, it’s your company. Even if they take equity, Grameenphone doesn’t dictate the direction of your company, or who you think can help take it to the next level. Grameenphone can participate like any other investor, meaning your company can choose to take further investment from them or not.

DO YOU ONLY MEET INVESTORS AT DEMO DAY, OR DO YOU GET EARLIER ACCESS TO THEM?

Some investors may be mentors, and some investors will stop in, have a chat, or lead sessions during the 4-month program. So, yeah, you’ll meet investors before Demo Day. This helps you build relationships and allows you to get to know one another before Demo Day.

ARE YOU GETTING GUARANTEED INVESTMENT AT DEMO DAY?

No. We are here to provide the resources to help you build your company. We aren’t going to build it for you. It’s up to you how far you want to go with the benefits the GP Accelerator provides.

 

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