These 3 tech accelerators provide the best education, mentorship, and finance to startups and scaleups to amplify their growth.

London is emerging as Europe’s central hub for technology and innovation, being one of several technological clusters praised in the UK. Recent investments into technology-based initiatives by local government highlight the city’s commitment to entrepreneurship, and attractive tax incentives help tech-driven startups and scaleups turn their bold ideas into reality.

Tech accelerator programmes, backed by venture capitalists and private investment firms, are designed to facilitate rapid growth through immersive partnerships and programming. They provide education, mentorship, and finance to startups to amplify their growth.

Tech entrepreneurs often turn to accelerator programmes as these provide them with invaluable access to resources and capital. When selecting an accelerator programme to help your company grow, you should consider the expertise of its administrators (their qualification, leadership skills and network), the level of engagement and guidance from advisers, equity issues, and expected outcomes from participation in the programme.

Here’s our list of some of the best tech accelerators in London:

 1. Seedcamp

Backed by world-class venture capitalists, angel investors, and corporate entities, Seedcamp has provided early-stage and micro-seed funding to more than 650 entrepreneurs from over 150 startups within 28 industries.

• Programme Details: Early-stage startups encouraged to apply. Multiple investment opportunities available according to cash and dilution preferences. Hosts an onboarding week featuring intensive workshops and training programmes.
• Funding/duration: £100,000 for 7.5% for pre-seed investment with further co-investment in seed rounds up to £2,000,000 (there are significant investment amounts available for exceptional circumstances).
• Services: Over €500k core service discounts available. Access to coworking space in London, Europe, and United States. Startups gain exposure to multinational venture capitalist, private equity, and angel investors + receive expert mentoring opportunities.

Success Stories: TransferWise and Revolut

2. Startupbootcamp

Startupbootcamp is a global accelerator with 21 programmes in major cities including London, New York, Amsterdam, and many more. Each location focuses on a specific tech vertical such as commerce, finance, food, energy, and transportation. London’s Startupbootcamp offers three-month accelerated development programming to early-stage insurance and financial startups. During the program, selected startups are awarded with €15k in cash with access to more than €500k in exclusive partner deals from technology partners including Amazon, Hubspot, and others. After the course, portfolio companies have access to exclusive members-only events and alumni growth programmes.

• Programme Details: Open to startups in any stage. Requires a three month commitment. Mentor and corporate partnership opportunities available. Startups must live in programme city.
• Funding/duration: €15,000 for 6-8% in equity. The standard programme duration is 3 months.
• Services & Provisions: Six months of free office space, technology discounts, living expenses covered, mentor and partnership opportunities provided.

Success Stories: Relayr, Mint Solutions, TagTag City, LoyaltyLion

3. Founders Factory

Founders Factory provides both early and late-stage programming for entrepreneurs. With access to a global network of entrepreneurs and top-tier digital talent, Founders Factory has invested in over 200 innovative business across six key technology sectors including media, education, beauty, travel, artificial intelligence, and finance. With backing from Aviva, Guardian Media Group, L’Oreal, and others, Founders Factory has built some of the most successful technology businesses in Europe.

• Programme Details: Six month program, £30k cash and £220k in services, access to distributed team of experts across multiple disciplines and verticals.
• Deal Terms: For the incubation programme, Founders Factory receives a minority stake in exchange for product IP, £150,000 and 12 months of operational support; plus, they help validate ideas and build the right team. For the accelerator programme, Founders Factory takes 4-8% equity for £30,000 in cash; plus, participants get access to corporate partners, VCs and an angel investment network.
• Services: Corporate partnership opportunities, desk space, exclusive events.

Success Stories: Fanbytes, Cortechs, Cosmose  

When deciding upon which accelerator programme to choose, you should weigh how exactly the programme’s core mission aligns with your business and goals.

You can add your business accelerator to MIB Business Directory.

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