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About
Magnet Accelerator is an early-stage startup acceleration program, that looks for startups aiming at their first significant round. The northern star KPI of the program is the investment rounds of the Alumni, specifically Seed rounds in the 0-12 months after graduation. The program is 3 months long and takes zero equity from participating companies. Magnet Accelerator looks for Negev-based LLC early stage start-ups with minimal ability required to develop the technology to a milestone, and at least 2 co-founders. The accelerator provides the start-ups with a workspace in "Tech7 Startup Hub", which is located in Beer-Sheva's Hi-Tech Park, Gav-Yam.
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Investor Intelligence Q&A
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- What is Magnet Accelerator's primary focus as an investment entity?
- Magnet Accelerator is an early-stage startup acceleration program, founded in November 2020, that focuses on startups aiming for their first significant funding round, specifically Seed rounds within 0-12 months after program graduation.
- What are the key criteria for startups to participate in the Magnet Accelerator program?
- Magnet Accelerator seeks Negev-based LLC early-stage startups with at least two co-founders and minimal ability required to develop their technology to a milestone. The program is 3 months long and takes zero equity.
- Where is Magnet Accelerator physically located and what facilities does it offer?
- Magnet Accelerator provides startups with a workspace in the "Tech7 Startup Hub," located in Beer-Sheva's Hi-Tech Park, Gav-Yam. It offers 1 office space.
- How many startups has Magnet Accelerator graduated since its inception?
- Magnet Accelerator has graduated 8 alumni companies. The program's northern star KPI is the investment rounds of these alumni.
- Can you name some notable alumni companies from Magnet Accelerator's first batch in March 2021?
- Notable alumni from Magnet Accelerator's first batch (March 2021 - June 2021) include Engini, which focuses on No-Code Automation and Integration for ERP & SaaS Systems, and SightBit, which specializes in Real-Time Water Security and Environmental Monitoring.
- What is the typical duration of the Magnet Accelerator program?
- The Magnet Accelerator program is 3 months long.
- Does Magnet Accelerator take equity from participating companies?
- No, Magnet Accelerator takes zero equity from participating companies.
- What is the primary sector focus of some of Magnet Accelerator's alumni companies?
- Magnet Accelerator's alumni companies span various sectors, including Business Software (Engini), Industrial Technologies (SightBit, Super Polymer), and Media & Entertainment Technologies (Flare).