There is an increasing trend in the number of accelerators across Europe, particularly Berlin. The question is, however, how effective these newly-launched startup programmes are in terms of their contribution to participants’ success.
Europe-wide accelerator Startupbootcamp is keen on bringing transparency to this question revealing some of its stats in Venture Village. In effort of doing it Startupbootcamp has released its statistics from the average amount of funding raised to the number of startups that have folded since the time of Startupbootcamp launch in 2010.
- Participants of Startupbootcamp’s 13 programs across Europe and Israel have collectively raised 27 € million, making an average of €400,000 per team, with a 67 per cent likelihood of receiving funding post-programme.
- In terms of failure, 80% of Startupbootcamp’s participants are still active one year after the graduation
- Copenhagen is the most successful city when it comes to fundraising, startups in one programme raised over an impressive €7m
- Berlin lags behind, with companies from the inaugural 2012 programme raising close to €1.7m collectively
Statistics by cities
Update: for more statistics and overview, check out the stats directly from Startupbootcamp themselves.