TECHNOLOGY
However , Chennells says that incubators are still the right approach for some entrepreneurs – particularly if you don ’ t have a sales background or you don ’ t have a “ black book ” of contacts that you can bring with you . Liudas Kanapienis , Co-founder & CEO of KYC compliance company Ondato , agrees that accelerators can have a lasting impact .
“ The accelerator was a good way to acquire some of the necessary skills along the way and learn lessons from the mistakes already made by others ”
LIUDAS KANAPIENIS CO-FOUNDER & CEO , ONDATO
“ We joined Startup Wise Guys ’ Fintech 3 programme ,” Kanapienis tells us . “ The experience was positive and certainly the right move for us at the time . Our objective in looking for acceleration was to not only get help to grow faster , but to also be better equipped to do so long-term and sustainably .
“ What we found attractive about SWG is their hands-on approach of helping early-stage startups get off the ground . The acceleration was a good way to acquire some of the necessary skills along the way faster and learn lessons from the mistakes already made by others . Some of the areas that benefitted the most include hiring , fundraising and early-stage startup accounting . They also leveraged their network to help us find financing , people and other resources . And we leveraged the SWG brand to transmit an element of trust that later-stage investors are looking for .”