Betaspring again recognized as top accelerator

BETASPRING again made a list of the top accelerators in the country by the Seed Accelerator Rankings Project.
BETASPRING again made a list of the top accelerators in the country by the Seed Accelerator Rankings Project.

PROVIDENCE – Betaspring again made a list of the top accelerators in the country by the Seed Accelerator Rankings Project.
Betaspring announced last year that it was launching RevUp, the first accelerator for “revenue first” companies, ventures where growth through revenue is the main goal. Through RevUp, companies receive support, $75,000 in cash and are involved in a three-month program focused on increasing customers and revenue.
The Seed Accelerator Rankings were announced March 11 at South by Southwest in Austin, Texas, by entrepreneurship and management experts from Rice University, Massachusetts Institute of Technology and the University of Richmond.
Valuations of participating startups, the amount of funding raised by participating startups, startups’ survival rates and ratings provided by program graduates are used to come up with the list, which is in its fifth year. More than 150 programs were invited to participate.

Betaspring, which has accelerated 91 companies since 2009, was among 24 accelerators recognized in three tiers: platinum, gold and silver. Betaspring was in the silver tier.
“Working with early-stage companies is often difficult, but the adrenaline buzz and joy you feel when founders find success is unmatched. Betaspring is a community, and our success is a collaborative effort. We are very proud of our alumni companies for all they’ve accomplished and grateful for the support of our amazing mentor community,” Melissa Withers, chief of staff for Betaspring, wrote in an email.
The application deadline for the next RevUp accelerator program is March 17.

MassChallenge Inc., based in Boston, also made the list, and was included in the gold tier. It bills itself as the “most startup-friendly accelerator on the planet” as it does not take any equity or place any restrictions on entrepreneurs. To date, it has accelerated 835 startups.

“With so many programs available, it’s hard for entrepreneurs to know which programs are best,” Susan Cohen, an assistant professor of management at the University of Richmond’s Robins School of Business, said in a statement. “The Seed Accelerator Rankings Project adds needed transparency to help entrepreneurs make a critically important decision for their startups.”

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