Monthly Ventures - Silicon Valley Seed Fund
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Idea Accelerator
Validate your idea and launch a LIVE prototype

You will work with your team on validating your idea by performing efficient Customer Development and building the right Minimal Viable Product based on the feedback from your customers and visiting mentors. 

During each working session you will work with mentors who will provide you focused feedback and suggestions on how to improve  the value proposition and the business model. 

You will launch your live prototype to early adopters and collect usage metrics in order to learn what should be improved in the product before public launch and how to make it more engaging to make it valuable product for them.

You will graduate with investors pitch of lessons learned to invited investors and mentors in order to get help with the next steps in your venture: seed investment, introductions, new features, partnerships and more.

We do not teach entrepreneurship. We coach! We provide structure, tools, practice opportunities, and guidance through assigned milestones, relevant lectures, and organized mentor sessions. A careful orchestration of these sessions enables each team to benefit from feedback from multiple different mentors each time. 

You will learn:
  • How to use Customer Development to validate your idea and find viable Business Model
  • How to use Lean Startup methodology to iterate quickly, define your Minimal Viable Product (MVP), rapidly prototype your MVP and launch it few days before the demo day.
  • How to present traction - define metrics and plug analytics to collect early adopters behavior and usage results.
  • How to pitch your validated idea to investors and visualize the results

Do you have an idea but are not sure if it is the right one?
Come to our SmartUP workshop to form a team and find initial idea to work together for another month and create a prototype.
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Application Process

Online application will be posted online to StartupMonthly community where you will be able to apply with your team. 

In order to apply to Idea Accelerator please make sure that your team satisfies the requirements. 

Your team will be evaluated offline by StartupMonthly team who will check your team structure and cohesiveness, the initial idea that you are going to work on and the feasibility of success in Idea Accelerator program. 

Domains of ideas

  • Mobile
  • Web
  • Cloud Services
  • Smart TV
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Apply to our next Idea Accelerator Workshop

You must submit your team application in order to get invited to the next Idea Accelerator
No Idea Accelerators scheduled

Requirements

3-5 team members covering the following roles

Idea Person
  • Bring an idea to the team and lead the team with passion
  • Unite group members around an idea while being open to accept external feedback and pivot appropriately
Developer
  • Lead development of an MVP and help grow the idea into a product
Designer/UX
  • Identify user needs and communicate design deliverables, such as specifications, storyboards, and illustrations
  • Develop new visual product identity, brand experience, and apply design elements to rough sketches and wire-frames
Business Development
  • Conduct market research and customer development to define problem and customer interaction with the product
  • Define how the product will be marketed to the customer and help spread the word of your product’s service.
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