According to the article in Forbes by Murray Newlands The Chief Architect Of Austin’s Tech Revolution Is Betting On This New Population, International Accelerator, is the only accelerator in the United States that is focused exclusively on foreign-born entrepreneurs. The International Accelerator is located in Austin, a hub of entrepreneurial activity.
In addition to helping the company incorporate in Delaware, introducing them to service providers and taking care of their accounting and even finding a home, according to CEO Angelos Angelou:
We provide them with mentors, interns, and identify one to two U.S. based board members to provide guidance and raise the profile and credibility for the company. Our goal is to make the company look, account and govern like a U.S. corporation from day one.
The accelerator currently has six portfolio companies for which they have raised nearly $11 million. They organized a business plan competition during SXSW which 100 startups participated. Four or five companies have been selected to join the accelerator.
Angelos provides the reason so many foreign entrepreneurs are coming to the U.S.:
There is significant innovation from foreign entrepreneurs, but they lack the experience of growing and managing the scaling of their business. Where these startups are coming from, they don’t have a large pool of experienced management talent. This is what they are coming to the United States for, and this is where the International Accelerator steps in and plays a very active and pivotal role.
He might have added that where these startups are coming from they also don’t have a large pool of mentors to guide and advise as they will find in Austin.