Deloitte Launchpad, an initiative of the Deloitte multinational professional services network, is launching its second cohort in Israel, looking to assist Israeli growth-stage startups as they scale and expand operations in the US market.
The corporate program provides Israeli founders with the support of dedicated teams on the ground in both the US and Israel as well as personalized content and access to Deloitte’s network of resources. It addresses three core challenges that companies are facing today, including laying the foundation for relocation to the US, establishing a strong and sustainable remote sales infrastructure, and funding support.
Seven Israeli growth-stage startups will be selected to participate after a selection process. The ideal candidates for the program are startups with a validated product, at least half a million dollars in annual revenue, and a relocation plan to the US on their two-year roadmap, according to a statement.
The chosen startups will receive personalized guidance on addressing important topics such as “strategy for expansion, building a solid foundation for a future relocation, creating a solid sales infrastructure, and access to top-tier venture capital funds in the US,” Deloitte Launchpad said. Deloitte’s US offices in New York City will be at the service of the chosen startups for their first three months in the country.
The seven-week program will adopt a hybrid model, with most of the content delivered online and some in-person, including a one-week curated roadshow in New York for the startups.
The Launchpad program is spearheaded by Yair Laron, co-leader of Deloitte Catalyst TLV, Deloitte Israel’s practice for startups, together with his American counterpart, Heather Gates, National Emerging Growth Companies Leader at Deloitte US.
“We are offering Deloitte Launchpad, not as a service, but as a specialized program for companies in their growth phase that are building their presence in the US market,” said Laron. “Typically, accelerators in the market target early-stage companies. We saw a need to support and provide resources to growth-stage startups that have entirely different challenges. Our goal is to be there for founders in moments that matter. We are looking to help them accelerate their learning curve and avoid pitfalls that we see in the market and with our clients,” Laron added.
Startups can apply to the program until July 11. The second cohort is scheduled to begin in early October.