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weXelerate

weXelerate is Austria's leading innovation hub and accelerator, connecting startups with established companies in Vienna. It supports around 100 European startups annually through its Venturecake program, focusing on sales enablement and market entry.

Founded
2017
Recorded stages
Accelerator
Recorded regions
European Union, Europe, Austria

Online destinations

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Official links

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Overview

weXelerate is an innovation ecosystem based in Vienna, Austria, founded in 2017. It was established by Austrian corporates with a focus on fostering corporate-startup collaborations. The organization aims to support innovation through a variety of services and a collaborative environment for startups and corporates.

Focus

weXelerate invests in innovation by providing a membership-based network that connects corporates, startups, service providers, and academic institutions. The organization emphasizes collaboration and learning among its members to stimulate transformative ideas and adapt to an ever-changing business landscape. Key areas of focus include technological and digitized innovations across various sectors.

Support

weXelerate offers tailored mentorship, access to corporate and investor networks, and a collaborative environment for startups. The organization also provides a membership program for corporates to access the innovation ecosystem and various collaboration formats.

Questions

What are the eligibility criteria for weXelerate?

Startups from various sectors, particularly fintech, healthcare, and energy, are eligible to apply. The program is open to innovative companies looking to collaborate with corporates.

How does the application process work?

Interested startups can apply through the weXelerate website. The selection process involves reviewing applications and conducting interviews with shortlisted candidates.

What are the deal terms for participating startups?

weXelerate does not require equity from participating startups, making it an attractive option for founders looking to retain ownership while gaining access to valuable resources.

What is the format of the program?

The program includes a mix of mentorship, networking events, and collaborative workshops. Startups engage with corporates and industry experts throughout the duration of the program.

What makes weXelerate different from other accelerators?

weXelerate focuses on corporate-startup collaborations, providing unique access to a network of over 80 member companies. This approach enhances innovation and market access for participating startups.

What metrics does weXelerate use to measure success?

Success is measured by the growth of participating startups, the number of collaborations formed, and the overall impact on innovation within the member companies.

Check your startup’s fit

Check your startup’s fit with weXelerate

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