Reality is; 87% out of all incubator start-ups remain in business for at least ten years, according to National Business Incubation Association (NBIA). While most incubator start-ups become and remain successful for many more years, 54% out of all non-incubator start-ups fail already within four years.

Any Seed Accelerator provides seed financing to fast growing start-ups. MILLERIA, however, provides both financing and services to many types of businesses. While we are equally selective, we look past rapidly growing markets, new technologies and even exceptional individuals. Instead, we look at current market situations and opportunities, and provide growth resources.

To be accepted to our Program is different from applying for business loans or raising debt. Lenders have a legal right to an interest and repayment of debt irrespective of if the firm is a success or a failure. Instead, we fund business services in exchange for shares.

We earn a return only when we sell our shares at a higher price at later financing stages (usually to venture capital or private equity firms). Our investments are ill-liquid. That is why we carry out market research and due diligence prior to any investment, and also why we must be selective.

Incubator programs, regardless of nonprofit or for- profit, often provide shared office space and facilities to entrepreneurial new graduates. Instead, MILLERIA provides a full range of business services as well as mentoring, advice, and training on fundraising topics.

The services encompass administrative formation, start-up, and general business services together with specialized services such as translation and interpretation, customer and consumer research and human resource services.

We will support you when you write your business and marketing plans, create your corporate identity, recruit, train and manage your staff, localize your brands as well as with project management and other management services.

Our Accelerated Services should develop your business into an attractive capital introduction ready entity after one year, although that process can be as short as six months.

Once admitted to the Seed Accelerator program, the entrepreneur(s) will meet with the Program Director at weekly meetings and monthly review sessions, and if also requested numerous informal meetings and sessions.

The entrepreneur(s) will meet the Program Director at least two times during the first month, to define measurable objectives and to have business and marketing plan, and financial statements reviewed.

The Program Director will ensure that the entrepreneur(s) have defined objectives and what resources they needed to meet those objectives.

During the first years, the client submits to the following requirements:

• Business Seminars

The management of the client firm must complete at least four business seminars of their choice, ranging from accounting and finance to marketing and management. We offer about 20 courses per year, usually lasting one day each.

• Monthly Meeting

The management agrees to monthly tenant meetings where they discuss financial services development, regulations and opportunities and network with financial service professionals.

• Quarterly Reviews

The client company agrees to meet quarterly with the Program Director, who personally reviews each business and marketing plan, all ongoing projects and financial statements. The quarterly review is confidential and provides objective executive support.

• Open Book Accounting

The client company submits to open book accounting throughout the whole incubator program tenancy. The management must assist staff in the budget and financial statement review. The information is confidential.

Our staff will call in outside professionals and professors as required by the management.

Those who aspire for admission to MILLERIA's Accelerated Program should fill in our application form and submit a rudimentary business description. The Program Director will solely and independently decide if the application can be approved or not.

In some cases, the Program Director will ask you to rewrite the business description. In other cases, MILLERIA can discuss the business description and rewrite it into proper business and marketing plans.

To qualify for the funded Accelerated Program, the ability of the firm to become self-sustaining by the end the one-year term must be shows. Funding implies giving up shares in return for funding.