US$150,000 Investment.Our fund SOSV takes 6% common equity for the accelerator program through a Stock Purchase Agreement (SPA). At the same time but separately we invest through a convertible instrument called an Accelerator Contract for Equity (ACE) similar to a SAFE. Of this US$100,000, US$40,000 is attributed to the cost of the program, which we pay on the startup’s behalf for joining the accelerator. The remaining US$60,000 is cash investment from SOSV. In addition, most companies will qualify for an additional US $50,000 ACE on the same terms from Chinaccelerator’s syndicate partner taking the total investment to US$150,000 with service component US$40,000 and cash component of US$110,000*.
*Companies domiciled in the People’s Republic of China may not be eligible for cash investment from Chinaccelerator’s syndicate partner.
3+3 months program
Startup founders, but not their entire teams, are required to relocate to Shanghai for the first 3 months of the program. The program is completely bespoke for every startup – there are no classes. Chinaccelerator only requires founders to be present twice a week.
After the first 3 months, companies can choose to stay in the Chinaccelerator office where the team continues to provide close business development and fundraising support. Key program events include Geeks On a Train (GOAT), 8×8 speaker series, and an invitation-only demo day for investors.
1:1 support from 290+ mentors
Startups get 1:1 support and advice from our fantastic mentor network. Of these mentors, Chinaccelerator also has 8 Experts-in-Residence (EIRs) that provide deep expertise across growth hacking, product, team management, strategic positioning and branding, financial modeling, accounting, and fundraising.
We provide free co-working space up to 6 months at People Squared near Jing’an Temple, the heart of Shanghai. People Squared is China’s largest co-working space.
Every startup, past and present, has access to perks valued close to $2,160,000. This access provided through the Global Accelerator Network, SOSV Community or directly negotiated by the Chinaccelerator team. We also organize weekly workshops.
On-boarding: get ready to rock from Day 1
GOAT & adjust product and market fit through rapid iteration
User acquisition through AB testing across multiple channels
Build traction and prepare for demo day and fundraising
Continuous support on fundraising and access to an alumni network of 680 startups worldwide