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Portugal To Take Off: Acceleration Program in California

Name: Portugal To Take Off: Acceleration Program in California
Start: 2024-09-13T00:00
Location: Califórnia/Online

Accelerate your business growth in California with expert mentorship and networking

13 set. 2024 Califórnia/Online

Applications Closed

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Portugal To Take Off: Acceleration Program in California

13 set. 2024

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Portugal To Take Off is a program focused on accelerating the growth of Portuguese companies in California. Going for its 4th edition this year, the first edition started back in June of 2020.

Meet the Portuguese companies that had the chance to polish their go-to-market strategy by Silicon Valley experts, gained access to the California market and take a look at their feedback of the program.

This program’s unique approach is to focus on tackling the challenges that most entrepreneurs face when entering the highly competitive North American market:

Workshops & Mentorship – Our California-based mentors will validate your business value proposition and market approach, provide you feedback about your commercial presentation, identify potential customers, etc. They will also challenge your vision and strategy through personalized insights.

Networking - We will connect you to relevant contacts, industry leaders and potential customers in California.

How it works

With the support of AICEP and experienced local mentors, 4 companies will have the opportunity to learn more and improve their go-to-market strategy for 10 weeks, according to the timeline below:

The 4 companies will be selected based on their fit for the Californian market, and their commitment to the program, to enter the market and to build up a solid presence.

FAQ

What types of companies are we looking for?

We are looking to support early-stage tech-enabled companies with customers in Portugal or Europe. We are open to work with Business to Business or Business to Consumer companies with a strategy to enter the US market.
How are the final participant companies chosen? What is the criteria?

We will select 4 companies that have a differentiated product that could be interesting for the Californian market. Experience with other overseas markets would be a plus. The executive team should have a market strategy and budget to create significant impact in the market.

In detail, we will select the companies based on Product Market Fit and the Impact of the Project for the Portuguese Economy as detailed here:

Product Market Fit

Low: When the company doesn’t seem to have a product that is differentiated from the competition, and/or when the company doesn’t seem to have the resources (Technological, Financial and Human) needed to scale in the US market.

Medium: When the company has a product differentiated from the competition align with the market strategy and/or when the company seems to have the resources (Technological, Financial and Human) needed to scale in the US market, although there is some doubts about their readiness to enter the market.

High: When the company has a product differentiated from the competition and international customers and the company seems to have the resources (Technological, Financial and Human) needed to scale in the US market.

Impact of the Project for the Portuguese Economy

Low: When the product seems to address a small market demand and/or the project seems to have difficulties to scale and/or the value creation in Portugal is small.

Medium: When the product seems to address a significant market demand and/or the value creation in Portugal and for the regional economy is significant.

High: When the product satisfies a strong market demand, is very scalable and can be used in several global markets and the value creation in Portugal and for the regional economy is significant.
How does the application process work?

The application process begins online, with an application form, all in English. The questions are geared towards giving us an understanding of both your business needs and the commitment to enter the market. Shortlisted candidates are invited for video conference interviews conducted in English.
What can you expect from the program?

During the course of the program, you will attend workshops and one-on-one meetings with the mentors that will give you feedback on your go-to-market strategy and assist you in preparing the commercial presentation. Additionally, they and AICEP will facilitate access to potential customers, partners and investors, according to the Timeline above.