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The Startup Race Launches Audacious Accelerator Program And

EDINBURGH, UK, Nov. 30, 2021 (GLOBE NEWSWIRE) — The Startup Race Accelerator introduced at the moment it launched a name for submissions for its hackathon, a brand new alternative prematurely of its £10,000 Startup Race, which kicks off in early February 2022. Aspiring Entrepreneurs can entry its free accelerator programme on Leanstack to organize for the chance to recruit fellow co-founders throughout The Startup Race’s Minimal Viable Product (MVP) Hackathon and begin development hacking as a group to win a £10,000 money prize.

“With The Startup Race, we’re disrupting the usual mannequin, referred to as ‘Pitching Parades.’ with a purpose to allow entrepreneurs to show themselves in each product and market match, by gross sales and income,” mentioned James Shoemark, co-founder of The Startup Race. “This team-building hackathon might be completely digital, however name for anybody working inside the UK.”

This meritorious course of, first developed by Silicon Valley Entrepreneur Steve Clean in 2013, may be very engaging to Angel Traders. By means of the method, there might be a chance for plenty of excessive net-worth People to look at how the groups carry out over the course of the race and be launched to people who they might want to help on the finish.

Between now and the Hackathon, as much as 1,000 aspiring and skilled UK entrepreneurs are capable of profit from its free accelerator program on Leanstack due to a partnership with Ash Maurya, writer of Working Lean and Scaling Lean.

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Upon entry to the Accelerator, members will acquire entry to the world’s finest leanstart startup sources with a purpose to validate their pondering, develop their enterprise mannequin and private profile with a purpose to entice co-founders. Different free sources on Leanstack will embrace the Foundations and Enterprise Mannequin Design Playbooks and Lean Canvas & Traction Roadmap instruments. The Startup Race group may also assist entrepreneurs incorporate their UK firm and open a UK enterprise checking account to allow them to start out producing gross sales as quickly because the competitors begins. 

The group constructing Hackathon will run February 4 by 6, 2022, and is designed to determine the creation of greater than 50 startup groups by giving entrepreneurs a chance to demo their enterprise mannequin to the opposite Hackathon members and both recruit them to affix their group or forgo their concept and be a part of any person else’s group. There might be 1st, 2nd & third prizes for the very best MVP Demo. The Startup Groups will then have two weeks till March 1st to create a Minimal Income Product (MRP) for the graduation of the £10,000 Startup Race. The rivals may also be given free entry to LivePlan – the world’s quickest and best technique to write a marketing strategy, created by Palo Alto Entrepreneur, Tim Berry. Racers might be benchmarked based mostly on a ¨Prime Metric¨ that ranks the highest performers. Solely the Premier League might be made public however all Racers will be capable of entry a non-public dashboard that reveals their present place and recommendations on how they might enhance their rating. 

“The £10,000 Startup Race measures what Entrepreneurs do over a time frame,” mentioned Michael Clouser, co-founder of The Startup Race. “It’s a extremely aggressive ‘pedal-to-the-metal’ method that may see nice worth for each Entrepreneurs and Enterprise Angel Traders over a brief time frame.” 

The Startup Race concept started in 2014 when a younger entrepreneur requested Mr. Shoemark, who was internet hosting a League of Entrepreneurs Meetup on the time, if and how the startup course of could possibly be gamified. Mr. Shoemark determined {that a} enterprise competitors utilizing the Pirate Metrics (AARRR as popularised by Dave McLure) could possibly be the reply. He quickly teamed up with Michael Clouser, a former Silicon Valley VC and different Edinburgh based mostly Entrepreneurs and Traders to companion with him on this new enterprise with a purpose to help Quick Progress startups within the UK and around the globe. 

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Winners of The Startup Race might be introduced throughout a ceremony within the Fall of 2022.  The 10,000 prize is non-dilutive and might be offered within the type of a grant from the Startup Race restricted firm to a restricted firm. 

For extra data on The Startup Race, please go to:  WWW.TheStartupRace.com.

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ABOUT THE STARTUP RACE

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The Startup Race, based mostly within the UK, is a hackathon and accelerator devoted to proving that gross sales and income are the true benchmark of a profitable startup, somewhat than the preliminary pitch. The occasion and firm itself is the product of a younger entrepreneur asking Mr. James Shoemark in 2014, how the startup course of could possibly be gamified. Mr. Shoemark determined {that a} enterprise competitors utilizing the Pirate Metrics (AARRR as popularised by Dave McLure) of Acquisition, Activation, Retention, Referral and Income as a benchmark for ambition, competitors and development could possibly be the reply. He quickly teamed up with Michael Clouser, a former Silicon Valley VC and different Edinburgh based mostly Entrepreneurs and Traders to companion with him on this new enterprise with a purpose to help Quick Progress startups within the UK and around the globe. The first £10,000 Startup Race will proceed by the Autumn 2022, the place a winner might be introduced and awarded the £10,000 Money Prize. After this Startup Race has accomplished, they are going to be partnering with Scottish Traders to run a £300,000 Startup Race and then a £1,000,000 Worldwide Startup Race. 

For extra data on The Startup Race, please go to:  WWW.TheStartupRace.com.

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  • How To Win The £10,000 Startup Race
  • James Shoemark and Michael Clouser, founders of The Startup Race Accelerator, which kicks off at the moment.

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