Sustainable Business Growth
SDSI has been mentoring growing Sports and Active Lifestyle companies since 2007. Our flagship program, The SDSI Accelerator (previously called Springboard) provides business mentorship through a structured 20 week program, pairing teams of mentors with entreprenuers to refine their business plans and prepare for growth.
SDSI reaches out to the graduates of this program each year though the SDSI Accelerator (Springboard) Impact Survey to check in on the health of graduate businesses, and track key milestones and progress. This report is updated annually to highlight the impact the Accelerator Program has on the Sports, Active Lifestyle and Healthy Living industry in San Diego. We're proud of these statistics and the validation they bring, to the thousands of hours that San Diego business leaders donate each year, helping companies along the path to success.
2018 SDSI Accelerator Impact Report
Though SDSI has been mentoring Sports and Active Lifestyle businesses in one form or another since 2007, the data for this report spans 2008 - 2018, when the program took on the structure it has today. In that time, the program has graduated 86 Sports and Active Lifestyle companies.
Research the failure rate of start-ups and small businesses, and you’ll find some startling numbers. Depending on industry and measurement, failure rates range from 90% - 44%. We believe knowledge is the key to turning these numbers around, and our numbers prove it. The failure rate of our program graduates is only 18%.
Not all companies come to our program looking to raise funds, but many do. And turns out, our program is a great way to ready yourself and your company for investment. Over the course of business, 74% our program graduates have successfully raised funding.
Lifestyle companies often face unique challenges in raising funds. Our program does not have a direct link to funding, however our graduates have amassed a total of $85.9 Million in capital raised from a variety of sources - even including VC deals made on Shark Tank.
Companies that graduate our program have generated a total of 545 jobs, with a large majority of those positions being right here in San Diego. When you’re building a business based on passion, sometimes its not just about the big exit. We’re proud to be a San Diego Business Accelerator and support the creation of jobs in our community.
According to the 2010 census, the male/female ratio in San Diego is almost exactly 50/50, and we’re happy to report that our program mirrors that ratio. Globally, only 17% of startups have a female founder or executive and we’re doing our part to change that number.
Milestones Achieved in 2018
38% Launched new product/service
28% Established strategic partnership(s)
27% Secured a license agreement
26% Extended product/service line offering
26% Secured intellectual property (trademark, patent granted)
23% Added an advisor or director
21% Expanded headcount with key talent
21% Extended into new market(s)
19% Applied for intellectual property
11% Received regional or national recognition
68% Consumer Products
9% Food & Beverage
9% Mobile Apps
8% Wearable Technology
3% Internet of Things
5% Big Data Analytics
5% Mobile Health
Funding Targets For Graduates Actively Seeking Funding in 2018:
11% : < 250K
42% : $250 - $499K
37% : $500 - $999K
11% : $1M - $2.9M
6% : $5M +