How Do Accelerators and Incubators Use Beauhurst?
Sarah Cheeseman, 18 MAy 2023
For any business working in the high-growth space, reliable data is essential. But for accelerators and incubators, it’s even more important to measure progress and outcomes.
Historically, accessing useful, reliable data has been a largely manual, inefficient and time-consuming process. And the impact of potentially slow decision making can be detrimental. Our platform, BeauhurstInvest, was developed to help transform the way accelerators and incubators find and track businesses. Housing over 5m+ profiles of active UK companies, our data helps you to build an accurate and reliable picture of different sectors and organisations. Perfect for building out programmes and staying abreast of what’s happening in the market.
So, what is BeauhurstInvest?
BeauhurstInvest is a searchable data platform that offers a complete picture of the private UK market. Using data from hundreds of sources—from HMRC to the European Patent Office—our 60+ data analysts and developers ensure our data is always reliable and up to date. Our platform enables our customers to find the actionable insights they need to make fast, definitive decisions.
What is our definition of an accelerator?
Our definition of an accelerator are programmes that have all of the following characteristics:
Any programmes that fall outside of the above criteria do not fall into our accelerator category, as well as any that are operationally based outside of the UK.
Why do accelerators and incubators use BeauhurstInvest?
With so much competition in the market, it’s vital that accelerators and incubators alike stay ahead of the curve and track companies that are likely to get them the best returns in the shortest amount of time.
In our experience of working in the high-growth market, here are the four most common ways in which we see accelerators and incubators successfully use BeauhurstInvest to grow businesses and gain enviable returns.
1. Find the next unicorns
As an investor in this space, you’re largely looking for companies that have potential for rapid growth and a clear path to profitability—and the goal is to find future unicorns. With our platform, you can segment UK companies to the exact stages that you’re interested in, whether you’re looking for those that are ripe for international expansion or are within specific industries that you’ve had success with previously.
2. Get greater visibility
With such a vast amount of data at your fingertips, there are almost endless ways in which you can organise and view relevant information. Our Advanced search tools allow you to filter down to granular detail to discover the companies at the right developmental phases for your programme. And our Email Alerts notify you when new businesses fall into your specified search categories, so you never miss out on opportunities.
3. Track alumni
Our simple tools enable you to track graduating alumni from your accelerator, giving you real-life statistics on their progress to use as a promotional tool for bringing future organisations onboard. You can also track alumni from competitor accelerators to get a better view of what’s happening in the market and if there are any new industries that you could focus on.
4. Screen inbound leads
Inbound leads can be a challenge for many incubators and accelerators, as manual company checks can be time consuming and costly. With BeauhurstInvest, you can complete top-level screening and due diligence in a matter of minutes, giving you the time and space you need to make better decisions in a fraction of the time. And if there are any that are of interest, you can then take a deeper dive into their company information with just a few clicks.
What can I use BeauhurstInvest data for?
We hold data on every private UK company on our platform. Our unique process brings together artificial intelligence, machine learning and human knowledge to provide a comprehensive view of UK’s private company market. For our accelerator and incubator clients specifically, there are a number of data sets that provide the information they need to undertake research and make decisions, fast.
Comprehensive, accurate data is vital for proving the effectiveness of a programme. BeauhurstInvest enables you to measure this, giving precise valuations that would be otherwise impossible to find. You can also run counterfactuals to compare how companies in your cohorts compare with the rest of the UK in the same space, revealing areas for potential investment in future programmes.
Due to the precise nature of our data, you can gain an exact understanding of the value of your accelerator in comparison to others. When you’ve had success in a particular sector, this can be used as a ‘badge of honour’ for investors into future cohorts, highlighting you as a reliable investment. The data we hold can also be helpful when trying to source investors for your graduating cohorts, giving a realistic and trustworthy view of their progress and future potential.
One of the things that makes our platform so unique is the different ways in which you can filter and segment our data. A key search that we often see being run is to find the perks offered by other accelerators, such as mentorship, finance, access to office space and various networking opportunities. This allows you to find the right people to network towards and invite to your demo days, as well as to keep an eye on competitors in your space.
A strong founding team is a vital element to the success of any accelerator. The BeauhurstInvest platform allows you to review the backgrounds of people within a business, getting a more formal understanding of their track record of success and relevant experience.
Monitoring the landscape
The data we provide allows you to keep an eye on what other accelerators and incubators are doing in any other industries as well, giving you a better understanding of what’s happening in the market and giving you an advancement on your competitors.
Understanding market traction
Current market traction is a huge tell for how successful a startup is going to be in future. BeauhurstInvest provides clear and succinct data indicators to help you identify those that are most likely to succeed in the future, such as:
Working with Beauhurst
While our data is a huge part of what sets our data platform apart from the competition, our customer support is what really sets us apart. Our team understands the accelerator and incubator industries and can provide unrivalled market insights and personalised support to help you get the most from your membership.
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