Tuesday 15 February 2022

M-SParc's Accelerator Programme

(c) 2029 NESTA, Standard YouTube Licence

The Menai Science Park's announcement of an accelerator programme in conjunction with Bangor University is potentially very important because startup accelerators like Y Combinator, TechStars and Seedcamp are among the reasons for the success of Silicon Valley.  They offer mentoring and networking with privileged access to investment.  They benefit both entrepreneurs and investors as well as the organizations that host those programmes.

Though the idea of selecting and nurturing a cohort of promising young businesses originated in the United States it quickly spread to Shenzhen, Hydrabad and the rest of the world including the United Kingdom.  There are now very successful accelerator programmes around Silicon Roundabout (roughly Shoreditch to the Olympic Park in Stratford), Silicon Fen (Cambridge) and Silicon Glen (St Andrews, Dundee and Edinburgh).  We even have our own Silicon Ginnel in Yorkshire which I mentioned in Accelerators and Incubators in the Leeds City Region on 22 Jan 2017 in IP Yorkshire.   I featured the Northern Max healthcare accelerator in Bradford on 12 Jan 2018 and was lucky enough to attend its demo day a few weeks later (see Jane Lambert NorthernMAX Demo Day 25 March 2018 IP Yorkshire).

For entrepreneurs who are considering an accelerator programme, I compiled an Accelerator and Incubator resource page in 2017.  Some of those articles have been written by me but there are also contributions from others.   The page needs to be updated but the basic information is there.  Up to now, there have not been too many accelerator programmes in Wales which may explain why a Cardiff fintech firm Delio travelled all the way to Dubai to join that emirate's accelerator (see Jane Lambert British Participation in Dunai FinTech Accelerator Programme  22 Aug 2017 NIPC Gulf).

Anyone who wants to join Sbardun (the M-Sparc and Bangor University programme) will have to move quickly because applications must be lodged by 17 Feb 2022.  Those who are chosen will undergo 
"A five-month programme for North Wales' top startups. Expert mentoring, a community of likeminded founders, your own global advisory board with powerful networks and exclusive opportunities for growth."

Almost certainly the businesses on the programme will establish brands and create new products and processes which is where patent and trade mark attorneys and IP lawyers come in.  They will also enter shareholders agreements with each other and investors which is where commercial lawyers can help.  A network of specialist advisors is rapidly establishing itself around the Menai region.  I wonder how long it will take for the name "Silicon Strait" or "Afon Silicon" to catch on.

Anyone wishing to discuss this article should call me on 020 7404 5252 during office hours or send me a message through my contact form. 

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