Geexelerator

GeeXelerator
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GeeXelerator 3.0

GRA_9371

WHAT IS THE GEEXELERATOR?

The GeeXelerator is an intensive 16-week pre-seed acceleration program that aims to help teams build a usable product with only the most essential core features, validate the core product feature with users, launch the feature online for public use, and scale their product’s user base.Selected teams are expected to make progress towards identifying their target market, building a product feature that addresses real users’ problems, securing initial users, and making a strong business case for the product investors by the end of the 16-week program. Teams will run data-driven experiments to validate or invalidate their product’s core feature’s practical use with potential customers. They will define and refine their target market, and automate processes for scaling the products to reach more people.

  • Business case validation and the building business model
  • Coding to develop the most important core feature
  • Launching publicly online and investment preparation

GeeXelerator Program Interviews

To be eligible for the GeeXelerator program, applying teams that meet the selection criteria and have a valid business case and strong business model will be invited to an interview with Gaya Skz Geeks Acceleration team. The interview aims at understanding the core problem, business value proposition, and the proposed solutions. The interviews will be held on 1-3rd April, 2019. The interview is your best opportunity to show GSG your team’s ability to work together and help us get to know you more.

Teams that pass the interview will automatically admit to the first phase of the GeeXelerator program where they work to build the main business assumptions and validate them with rigorous research and advice from local and international mentors.

THE GEEXELERATOR PROGRAM IS DIVIDED INTO THREE PHASES:

  1. Business case validation and building business model
  2. Coding to develop the most important core feature
  3. Launching publicly online and investment preparation

Each week, teams work on a set of outputs or deliverables that will build on each other week after week to ensure you are making progress. At the end of each week, teams must submit the deliverables to the GeeXelerator program staff for review and assessment in a Google Sheets workbook. The staff provides feedback and a numeric grade indicating the quality of the deliverables to let teams know if they are on track or not.

To move from one phase to the next, teams must adequately pass a major milestone such as launching online and pitching to GeeXelerator staff. Week to week grades and feedback are to provide guidance to teams to let them know if they are on track.

At the beginning of each week, local or International mentors will deliver 2-4 hours of workshops at GSG’s office on the theme of that week’s deliverables to help participants understand the theme of that week’s work. In addition, teams will have access to weekly office hours with GSG staff and local and international mentors to ask questions and get feedback throughout the week.

The GeeXelerator Program will culminate with a demo day where remaining teams who have passed the program milestones have the opportunity to pitch to potential investors, as well as potentially travel to regional startup competitions such as RiseUp Summit.

Hackathon

Phase I of the GeeXelerator Program ends with a hackathon competition where startups will present their demos at the end of the hackathon. The purpose of the hackathon is to help startups identify the most core features for their products and build a product that they can use to collect data from their potential customers. The GeeXelerator staff will select teams to move to phase II of the GeeXelerator program. Teams presenting demos at the hackathon will be ranked by judges and eligible for prizes worth up to $1000.

 

Commitment

The GeeXelerator program is heavily deliverables-based and you will be evaluated, and advance through the program, based upon the quality and professionalism of the outputs you deliver. As such, teams are not required to work in Gaza Sky Geeks or necessarily work on their product full-time. A critical part of being an entrepreneur is managing your own time. Teams are expected to attend weekly workshops and participate in scheduled mentorship sessions and to deliver work on time. If teams fail to communicate with GSG staff about obstacles or missed deliverables, they will be unlikely to advance through the program’s later stages and have the opportunity to meet with investors.

Each team should submit one online application. There are two parts to the application:

  • Part 1: Applying teams fill out the online application form in which they will outline the problem they are trying to solve, how they were inspired to solve this problem, their proposed solution, and how they believe this solution might support a sustainable stand-alone business.
  • Part 2: Applicants who pass an initial screen will be expected to attend an interview where they should deliver a presentation to GSG’s staff and answer questions. The entire team must come to GSG’s office for the interview and provide a 3-minutes product demo that covers:
    • Team – who you are, what you do, why you’re here (each team member should be included)
    • Problem/Solution– provide an elevator pitch about the problem you are trying to solve, your proposed solution, and some data about why your solution is better than existing solutions.
    • Market– How many people have this problem, or how big is the potential market (in people or US Dollars)? There should be enough demand that you and your potential investors can make real money.
    • Product Core Feature- Show us your product’s most important core feature. This is the feature that makes or breaks your startup idea. Ideally, you have already written some code and can show us real features. At a minimum, you must show wireframes or what the front-end user experience is like.

You will

VALIDATE YOUR BUSINESS MODEL

DEVELOP THE MOST IMPORTANT CORE FEATURE OF YOUR PRODUCT

LAUNCH YOUR PRODUCT ONLINE AND START GETTING CUSTOMER TRACTION

MEET INVESTORS

WHAT'S REQUIRED?

10 - 15 HOURS COMMITMENT PER-WEEK

each cofounder needs to commit 10-15 hours per week, A critical part of being an entrepreneur is managing your own time. Teams are expected to attend weekly workshops and participate in scheduled mentorship sessions and deliver work on time.

2 - 5 TEAM MEMBERS

Team members should essentially be all at founder levels and should have either business or technical background (or both).

MEET OUR STARTUPS