The Chinaccelerator, sometimes called China-Axlr8r, is one of SOSV's startup accelerator programs, and is China's first startup accelerator offering internet based startups mentorship and funding opportunities through their 3-month business accelerator program. The Chinaccelerator was founded by Cryril Ebersweiler in 2010, and is based out of Shanghai, China.
Chinaccelerator picks several internet based startups twice a year for their 3-month startup accelerator program. Startup companies offer Chinaccelerator 6% in equity through a Stock Purchase Agreement, or funding through a convertible note called the Accelerator Contract for Equity, or invested directly into an active funding round, plus the opportunity to participation in Chinaccelerator's 3-month accelerator program. A total investment of $120,000 is made into startups accepted into the accelerator program. The cost of hosting startups is $40,000 which is paid for by the Chinaaccelerator itself and the remaining $80,000 comes from SOSV.
Our Blog | Chinaccelerator
September 28, 2018