If earlier we worked on a “revolving” system and constantly showed projects to the company's shareholders, now we are planning several stages with strict timing.
Accelerator design development: Before the launch of the second wave, we organize many diagnostic sessions and workshops within the company to identify the real need for innovation. This work will help us not only to select the most suitable projects, but also to increase the survival rate of pilots at the accelerator stage.
Project scouting: in 2.5 months we hope to recruit about 300 projects on predetermined topics.
Pre-acceleration: a short period of time up to 6 weeks, during which we work closely with selected 25-30 projects, together with our trackers and internal experts, we help to form proposals. At this stage, it is important to work out the task and plan for the pilot project, calculate its cost and economic result from scaling.
The result of this stage will be a “Demo Day”, during which projects will be defended. During it, by voting, we will select up to eight pilots who will be ready to finance to confirm the hypotheses.
Acceleration: the piloting stage with selected projects will take up to 3-4 months. If the pilot achieves at least 80% of the KPIs assigned to him, then a decision will be made on its further scaling and implementation in the GloraX infrastructure.
The main difference is the focus of the new accelerator. We will work according to the Fast Track model, that is, we will select companies that are mature enough to join us for fast piloting. This will help the accelerator apply the technology and scale it across the company's facilities after the pilot proves cost-effectiveness.
We did the first launch at a very difficult time: the pandemic began, there were changes in the composition of the company's founders. However, despite all the difficulties, we got a tangible effect for the accelerator and created a new paradigm for the company's development as a digital developer. So we are preparing the second accelerator with great optimism: we will soon share the details about the selection!