Nashville: Jumpstart Foundry Startup, Jamplify, Raises $600K

One of the highlights at the 2012 Jumpstart Foundry Demo Day in Nashville Tennessee last August, was how many startup teams actually had a product ready to go. Jamplify was one of those teams.

Jamplify crowdsources people for promoting the bands, brands and products that they love. Rather than crowdsourcing for actual capital Jamplify is crowdsourcing for social capital and human capital, and then there’s the payoff.

Jamplify is like the kickstarter for fan based, crowd based musical promotion. As a fan of a band or a promotional ambassador you can agree to promote a band or musician. Based on your social graph and the amount of people that you actually touch with the campaigns short, trackable url you will become eligible for prizes from the band or artist you’re promoting.

What’s even cooler is you wouldn’t know it if you saw them pitch, but Jamplify was founded by two friends that met while they were coworkers in New York at Goldman Sachs. Andy Pickens and Moses Soyoola, left one of the most prestigious addresses on Wall Street and spent last summer iterating, developing, pivoting and reworking Jamplify to the product that it is today.

They’ve already started seeing great results. Business Insider reports that Jamplify was able to drive 190,000 views to a 15 year old pop stars YouTube video. What’s even more impressive is those 190,000 views were referred by 670 fans, meaning each fan drove about 280 views.

Their $600,000 round came from a number of unnamed Nashville and New York based investors and will allow the team to continue working on a product that’s been tried,proven and is developing traction.

Here’s their pitch video from the Jumpstart Foundry demo day:

We cover high growth technology in the South and Everywhere Else.

Startup Viagra, An Accelerator For Porn?

Cindy Gallop,Make Love not porn,NY, Startups,Accelerator

Cindy Gallop (photo: Abosch/Twitter)

According to Venturebeat, when Make Love Not Porn founder, Cindy Gallop started discussing the possibility of an accelerator for porn, former TechStars NY Managing Director David Tisch, looked uncomfortable, “get me the heck out of here” expression, says Devindra Hardawar with Venture Beat.

While some may think that Gallop is nuts, she is seriously interested about creating an accelerator for those startups in the adult industry. Her site, Make Love Not Porn, took about two years to find investors brave enough to back her idea. Her site tries to promote more realistic portrayals of adult entertainment.

“I would like to start the Y Combinator for porn,” Gallop said this morning at the Start conferencein New York City. She noted “there is nobody in the world to mentor” startups related to the adult industry, reports VentureBeat.

Adult entertainment and startups aren’t anything new. Back in August we ran an interview with the founders of Offbeatr a crowdfunding platform for adult projects, similar to Kickstarter.

VentureBeat speculates it could be a while for Gallop’s idea to take shape, we’re thinking it won’t be that long.

Sound off in comments.

We’re crowdfunding, see here.

Chattanooga’s GigTank Extends Application Deadline

GigTank,Chattanoga,startup,startups,accelerator

Last year’s GigTank winner Banyan, relocated permanently to Chattanooga from Florida. (photo: NMI 2012)

If you’ve been a nibletz for a while, then you acutely aware of the fact that Kansas City is not the first gigabit city, Chattanooga Tennessee is. With that, Chattanooga hosted their first GigTank accelerator last year.

The GigTank accelerator functioned with two tracks,students and entrepreneurs. The idea behind it was to accelerate companies that would use Chattanooga’s extremely fast internet as a conduit for their business.

This year, the cohort based program will run from May 13-August 16th. There’s a sliding scale for seed money, based on the number of founders. There’s also a pool of $150,000 of guaranteed follow on funding.

Here are the rest of the details:

· Access to Chattanooga’s “living lab” – The city’s 170,000 businesses and homes are connected to one another by a $300 million, one-gigabit fiber infrastructure, and GigTank participants will have this access at their fingertips.

· Access to a “tool kit” of unparalleled technology – Participants to the program don’t need to start from scratch. Every participant will have the opportunity to take advantage of GigTank’s “toolkit,” which ranges from existing prototypes in need of startups to enabling technologies that can be combined to create new concepts. More information about the “toolkit” can be found here. http://www.thegigcity.com/gigtank/toolkit/

· Workspace: All participants will share workspace in the heart of downtown Chattanooga.

· Mentors: GigTank is driven by mentors to help accelerate the process of bringing products to market. This year, participants will have access to industry experts from hundreds of companies around the world.

· Demo Day: Startups will present on Demo Day to crowd of strategic corporations, VCs, angel investors, mentors and media. In 2012, Demo Day had over 500 in attendance. Top performing teams will be taken on a cross-country investment tour as well including Silicon Valley and New York City.

· Funding: Accepted two person teams receive $10,000, plus another $5,000 if there are three or four founders. Individual specialists receive a $3,000 stipend for the whole summer. Teams can get access to additional prototyping capital from Alcatel Lucent, depending on the focus of the concept. These decisions are made independently by Alcatel Lucent. Promising concepts earn access to a pool of follow-on investment capital up to $150,000 per team.

For more information or to apply, interested entrepreneurs and teams can visit this site.

We’re on a sneaker strapped nationwide startup road trip, can you help?

Interview With Shari Wynne Founder & CEO Of Austin’s Incubation Station [SXSW]

The ATX Startup Crawl at SXSW 2013 brought us to the offices of Incubation Station, a consumer packaged goods accelerator program.

The program, founded by Shari Wynne, just announced it’s selections for their second cohort which runs from March 19th to June 11th. The session will close with a Showcase day that will attract hundreds.

Austin is on fire about this new CPG program. At their recent event to announced this year’s cohort it was standing room only. In a city known for it’s budding tech startup community, Incubation Station doesn’t do tech they focus on helping to build consumer packaged goods, and the program is working. Wynne told us in an interview that 5 out of 5 teams in the last cohort received the funding they needed to accelerate to the next level.

Wynne is no stranger to startups of the tech variety though. This firecracker woman who functions like a 25 year old caffeine filled founder, practiced law at two of the biggest firms in Washington DC. After that, she hung her shingle out and worked with the phone on the floor, to help bring legal services to entrepreneurs and startups. Her law firm, MWR, has the big firm experience with the boutique firm feel, and entrepreneurs love the attention she and her lawyers can give them.

As for the Incubation Station, check out the video interview with Wynne below and for more info visit theincubationstation.com

We’ve got a lot more SXSW coverage where this came from

Bad Ass Startup Chicks: Jeannette Balleza Director, Ark Challenge

As you probably heard, women in startups played a big roll in the inaugural everywhereelse.co The Startup Conference. The conference which had over 1200 attendees on site featured panels like “Kick Ass Female Founders From Everywhere Else” and other panels which featured startup founders from everywhere else.

One of those bad ass startup chicks that was in the audience and networking all conference long was Jeannette Balleza the director of Ark Challenge, Arkansas’ premiere startup accelerator, and member of the Global Accelerator Network.

Balleza is no stranger to startups. After college she went straight to startup life launching her own company, Scribe Marketing. She is also the co-founding archivist of the award winning family history website DeadFred.

Balleza is a busy busy woman but always finds time to strengthen the Arkansas startup community every chance she gets.

She serves as a Board Member of the Northwest Arkansas Entrepreneurship Alliance, advises a number of small businesses and non-profit organizations and is part of the team spearheading the region’s first co-working space, The Iceberg. She is a member of The CEO Forums of Northwest Arkansas, and she coordinates the Professional Women’s Network Washington County. She was honored as one of Northwest Arkansas Business Journal‘s “40 Under 40” in 2008, and in 2009 she was selected as one of 135 U.S. entrepreneurs by British Airways to attend The Face of Opportunity Global Business Summit Conference in London.

We caught up with her, not in NorthWest Arkansas but rather in Central Arkansas for the ThinkBig Arkansas event and the kick off of Startup Arkansas. She provided a quick speech to attendees with an update about Ark Challenge and the exciting new Iceberg coworking space. Check out our interview below, the first of many to come in our series Bad Ass Startup Chicks.

Ark Challenge is still accepting applications for their second cohort, click here for more info.

Techstars Boston Unveils Spring 2013 Class

Techstars, one of the most widely respected accelerator programs in the world, has just announced their Spring 2013 class for their Boston location. The session kicked off yesterday and will end on May 23rd with Demo Day.

Techstars Boston has graduated 57 companies since their first class back in 2009.

One of the biggest advantages to accelerating in a Techstars program is their huge mentor network of successful entrepreneurs, business leaders and community leaders. Some of the Boston mentors include Brad Feld, Rich Miner and Dharmesh Shah. They have over 100 mentors in their network to date.

Here is the entire Spring 2013 class, as reported by our friends at Bostinno.

CheckiO
An interactive and educational game and competition platform for developers.

Codeship
A hosted continuous integration and deployment platform.

CONSTRVCT
A crowd-sourced fashion label, where anyone can create and sell their unique designs with our 3D design tools, custom fit, and on demand production.

coUrbanize
Helps communities and developers build better real estate projects.

Fancred
A new social app for sports fans.

Freight Farms
A scalable farming platform can be installed anywhere and operated by almost anyone, transforming shipping containers into a source for high yield crop production.

Jebbit
Jebbit’s pay per performance model benefits both brands and consumers, guaranteeing a brand that their message is comprehended while rewarding consumers with cash for actively answering questions that educate them on the brand.

LinkCycle
LinkCycle helps manufacturers manage resource consumption across product lines to reduce costs without any extra hardware or data collection.

Neurala
We build brains for bots.

Outline
Using advanced economic modeling and data visualization to improve government transparency, efficiency, and performance.

PillPack
Pharmacy simplified.

qunb
A “YouTube for numbers,” a platform that makes data broadcasting and data visualization accessible to anyone.

Rallyt
Helps organizations achieve their goals by connecting and engaging communities around meaningful actions.

Synack
Redefining vulnerability discovery.

We’re back on the Sneaker Strapped Startup Road Trip, Part Deux, here’s how you can help.

Kauffman Foundation Teams Up With AARP Proving You’re Never Too Old To Launch A Company

The Kauffman Foundation has teamed up with AARP to launch a new initiative that will hone the entrepreneurial skills of people over 50 years old. We’ve seen our share of these golden entrepreneurs, who have either retired or left the corporate world to start a new business venture.

Two such entrepreneurs are 54 year old Elizabeth Van Sant and 68 year old Susan Jones, launched at Washington DC startup called Quad2Quad that serves as a platform providing much needed information to parents, families and students visiting colleges.

Kauffman Foundation, AARP, Quad 2 Quad, Accelerator,startup

The two baby boomer founders of quad2quad at everywhereelse.co 2013 (photo: Allie Fox for NMI 2013)

When we interviewed Jones last September, she proudly said that she was old enough to be Mark Zuckerberg’s mom. Although some may consider them too old to roll with today’s startup hipster, they’ve been touring the conference scene across the country with appearances in San Francisco at Appnation and at everywhereelse.co in Memphis.

Now, the Kauffman Foundation has announced a new program targeted to baby boomer entrepreneurs 50 and over.

Three pilot courses of FastTrac NewVenture™ for the Boomer Entrepreneur will be offered in 2013 by Kauffman FastTrac affiliates. Up to 20 qualified applicants will be accepted per course, and AARP scholarship funds will cover $500 of each participant’s course fees.

The three Kauffman FastTrac affiliates selected to participate in the baby boomer pilot are ProperoHCA, New York City; Tech Coast Venture Network, Irvine, Calif.; and the Miami Innovation Center for Entrepreneurship, Inc., Miami.

ProperoHCA has scheduled its weekly course for April 3-June 5. Tech Coast Venture Network plans to offer its Boomer course this summer. The Miami course, which will be taught in Spanish in an outreach to the region’s large Hispanic population, is also slated for a summer start.

“We look forward to partnering with Kauffman FastTrac to better serve our members interested in expanding their entrepreneurship business skills,” said Jody Holtzman, AARP’s senior vice president of thought leadership. “Through this coursework, they will acquire new insights and tools, explore available resources, and expand their networking opportunities to start and grow successful businesses.”

Content specific to baby boomers was recently added to the Kauffman FastTrac curriculum in recognition of changing U.S. demographics and research that finds a higher rate of entrepreneurial activity among Americans aged 55 to 64 than much younger age groups in recent years.

The initial 10-week baby boomer class was held in fall 2012 in Kansas City.

“We believe there is pent-up demand for entrepreneurship education among more mature audiences,” said Kauffman FastTrac president Alana Muller. “Whether they’re pursuing a lifelong passion, shoring up their retirement accounts, or utilizing skills and experience in a new way, boomer entrepreneurs make big contributions to our economy by creating new businesses and, in turn, new jobs.”

You can find out more about this program here

Memphis’ ZeroTo510 Accelerator Opens Applications For 2013

Restore Medical Solutions, Urova, Bioworks, ZeroTo510,Seed Hatchery, Allan Daisley

Shawn Flynn, co-founder of Restore Medical Solutions, pitches at ZeroTo510 investor day, a pitch that led to $2.5 Million dollars in follow on funding (photo: NMI)

Last year, the inaugural Zeroto510 medical device accelerator was met with phenomenal success. Five out of the six participating teams received follow on funding. Four of the teams received $100,000 dollars. The fifth team, Restore Medical Solutions, went straight to raising a Series A round at $2.5 million.

With results like those, medical device startups across the country are feverishly preparing to submit their applications for the next cohort. One of the secrets to the success of the Zeroto510 program is that it is a joint venture between Launch Your City’s Seed Hatchery accelerator and Memphis Bioworks. Bioworks supplies the lab space, and the deep rooted scientific and engineering mentorship. Launch Your City comes in with the curriculum to prepare the startups for pitching and success on the business side of the world.

When compared to other medical based accelerator and incubation programs, Zeroto510, through their unique partnership, is able to get their startup founders to communicate and pitch at a level understandable to the traditional investor, media and public. In a medically based program, founders and entrepreneurs with scientific and engineering backgrounds tend to get the science, and not necessarily the business.

Bioworks is able to offer a bridge from the surrounding medical community including St. Jude’s, Methodist, Vanderbilt University, the University of Memphis and other high ranking leaders in science and medicine, to offer hands on mentorship to refine these great ideas.

Zeroto510 gets it’s name from the FDA’s 510(k) pre-market notification filing. In laymen’s terms this filing allows medical device companies, with similar technology to something that has gone through FDA approval, to fast track a process which can sometimes take 3-5 years.

Six companies will be selected for the 2013 program. Each company will receive $50,000 in initial seed capital and be part of an intensive, mentorship driven 12 week program of instruction and hands on activities to guide the entrepreneurs through the process.

One of the other factors that makes Zeroto510 successful is the cohort size. By having a smaller group, the same size as the tech accelerator Seed Hatchery, the teams get to know each other better and collaborate more meaningfully. Last years program only featured one Memphis based startup. The other five startups relocated to Memphis for the program and are still, growing their companies in Memphis.

“We received applications from across the United States, carefully selected our six
participants and were very pleased with the quality of their ideas, the spirit of comradery that developed, the levels of learning, and, in the end, with the final presentations that resulted in additional funding. We expect even higher quality in 2013.” said Allan Daisley, director of entrepreneurship and sustainability for Memphis Bioworks.

If you’ve got a medical device startup head over to apply here at zeroto510.com

500 Startups Dave McClure Headlining Conference In New Orleans April 22-25

Dave McClure the infamous Sith Lord of 500 startups and huge advocate for startups globally, will be the keynote speaker at Pubcon 2013 in New Orleans. The conference focuses on social media and search and is hosted at the state of the art New Orleans Convention Center.

McClure will discuss his vast experience helping to grow and cultivate startups. In addition to being the founding partner at 500 startups he also hosts regular Silicon Valley meetups called Startup2Startup and of course Geeks On A Plane. To date McClure has invested in over 250 startup companies through his 500 Startups fund and their Mountain View based accelerator program which goes out of it’s way to attract talent worldwide. Some of his investments include MakerBot, TaskRabbit, SlideShare,Mint.com and Twillio.

McClure’s experience spans two decades including serving as PayPal’s Director of Marketing from 2001 thru 2004. While in that role he launched the now infamous PayPal Developer Network. He’s also worked with other well known companies like Facebook, LinkedIn, O’Reilly Media, Intel and Microsoft.

“We’re thrilled to feature Dave McClure as a keynote speaker at Pubcon New Orleans 2013, where his unique spin on the role of social media and optimization in Internet startups will make for a fascinating and insightful presentation,” said Brett Tabke, founder and chief executive of Pubcon.

Michael Slaby, the Obama For America Chief Integration and Innovation Officer, will kick off Pubcon. In addition to playing a major role in the 2008 Obama campaign, Slaby has also served as the digital global practice chair at Edelman and chief technology strategist at Tomorrow Ventures, Eric Schmidt’s venture capital fund.

Pubcon promises to announce more high profile speakers in the coming weeks.

You can register for Pubcon here

Work On An Iceberg: Ark Challenge Applications Open Through April 7th

We were really pleased that our neighbors from Arkansas’ Ark Challenge accelerator program were just one of many Global Accelerator Network (GAN) accelerators in attendance at everywhereelse.co The Startup Conference. The Ark crew was at the conference talking to attendees and startups about retail, logistics and food processing the three core focus areas for the North West Arkansas based accelerator.

Startups selected to accelerate in the Ark Challenge program will receive a seed investment of $20,000 for 6% equity to offset the cost of relocation to North West Arkansas.

The program will be held at the beautiful new IceBerg coworking space, where founders will have 24×7 access. They’ll also get access to a huge mentor network, product development and design support, promotion, and access to advisors and funders. On the retail side of things Ark Challenge isn’t far from the largest retailer in the world, Walmart.

The Ark Challenge is one of 20 projects nationwide that receives funding for the advancement of regional competitiveness from the Economic Development Administration (EDA), Small Business Administration (SBA) and the Employment And Training Administration (ETA).

In addition to all of that, two teams are selected to receive follow on funding of $150,000 to help the startup get through “speed up”.

The early bird application deadline is next week on February 24th with the final deadline on April 7, 2013. The session will run from June to mid September with an investor/demo day at the end of the session.

You can apply to the Ark Challenge here

Did you miss everywhereelse.co 2013? Well don’t miss everywhereelse.co 2014, ticket sales open and discounted now for the next six weeks here.

Launch Your City Graduates Out Of Memphis Incubator

The umbrella organization that oversees Launch Memphis, Wolf River Angels, Seed Hatchery, UpStart and Memphis Venture Mentors, Launch Your City, has graduated out of the Emerge Memphis accelerator. Launch Your City was situated in Emerge Memphis where they grew the Launch Pad co-working space and successfully put on the first two sessions of Seed Hatchery.

Launch Your City has hosted several 48 Hour Launch events in the Emerge facility, with it’s most recent event focusing on women entrepreneurship.

With all the positive growth and Launch Your City serving as the catalyst for entrepreneurial growth at Emerge, the incubator’s Board of Director’s, asked Launch Your City’s Co-President, Eric Matthews to serve as interim executive director over the last year.

That one year stint ends today and Mathews will transition back into his full time role as Co-President of Launch Your City along with Andre Fowlkes. While the organization had one of it’s best years to date, Mathews and Fowlkes weren’t able to work as closely as they had in years past, with Mathews at the helm of Emerge.

“Eric and I haven’t been able to work as closely together for a year” Fowlkes to nibletz.com Both Co-Presidents have a laundry list of things they want to tackle in 2013 to help enrich the entrepreneurial ecosystem. Mathews will vacate the Executive Director’s office at the end of the day today, roll up his sleeves and return to co-working in the launch pad.

There’s no time to rest in between job transitions. Fowlkes and Mathews, along with the Launch Your City team and community supporters, are launching the next class of Seed Hatchery later on this evening. In addition they will be helping out with everywherelse.co The Startup Conference through the weekend. As Winter turns to spring the Launch Your City team has a full plate at home and on the road. The organization is planning a working tour of Silicon Valley with some of the startups that have gone through their ecosystem. They are also planning a trip to Washington DC and New York while simultaneously planning events around Memphis In May, including Investor Day for Seed Hatchery.

“We felt like if we fumble the ball regarding the opportunities in front of us, it would not only be a detriment to us but to partners like EmergeMemphis. We’re an important client and feeder to Emerge, and we’re poised to grow our capacity 50 percent to 100 percent in the next year.” Mathews told Andy Meek of the Memphis Daily News

As for Emerge Memphis, Mathews, speaking to us from the Executive Directors office in front of a 14 foot back drop of Memphis Grizzlies ‘ All Star Zac Randolph, says that Emerge has filled to capacity, bringing on over 20 new high growth potential client companies to occupy the space that also includes mentorship opportunities, and other startup resources.

The Emerge Memphis Board has hired local aviation entrepreneur and former CEO of Pinnacle Airlines Phil Trenary, to consult while they find a permanent Executive Director.

As an incubator, by design Emerge Memphis is supposed to house startups and growing small businesses for a short time until they’re ready to graduate to the next phase. With that in mind, Mathews and Fowlkes will relocate Launch Your City into their own space.

“Really, this is a testament to incubation. It’s a good story for incubation and entrepreneurship,” Mathews said of the impending move to the Memphis Daily News. “This has been personal to me. I’ve dedicated a lot of time to it. And it’s been a spectacular year if you look at the past 12 months.”

Startups everywhereelse can see what Memphis is really made of, at everywhereelse.co The Startup Conference.

Despite Layoffs New York Times Announces Incubator Program

The New York Times is going through a rough time right now. They are in the middle of staffing cutbacks that are coming in the form of layoffs and voluntary buyouts. New York Times editor Jill Abramson has said there were far few layoffs than they had anticipated, primarily because of voluntary buyouts.

Although the times proper is reducing staff, they have announced a new initiative to spearhead innovation at one of America’s most widely known newspapers.

The new program called timeSpace is somewhere between in incubator and an accelerator. “You may call it an accelerator or an incubator; right now we are calling it an experiment” they wrote on their blog.

The Times is not seeking equity on the companies that apply and are accepted into the program. They hope that when a company that goes through the program, raises institutional financing, that they will be invited to participate. They are leaving that decision to the startup.

timeSpace is seeking media focused startups with a product launched. The startups will either already be based in New York City or willing to relocate to work in the space that’s in their headquarters at Times Square (620 8th Ave). Startups in the mobile, social, video, advertising technology, analytics, or e-commerce spaces are invited to apply for the four month program.

Over the four month period selected startups will be invited to work and grow alongside entrepreneurs and employees who make their livings in digital media, technology and journalism.

We are based in New York City, with six bureaus in the region, fourteen national news bureaus and twenty-four foreign news bureaus. We have more than 1.5 million print and digital subscribers and had 49.4 million unique visitors to NYTimes.com in December 2012. More importantly, we are journalists, developers, designers, product managers and more who are proud to work at the news organization that has won 108 Pulitzer Prizes and Citations. The paper said.

Applications are being accepted through 5pm EST February 19th here. There is no seed capital involved.

Acceleration and Incubation is a major theme at this huge startup conference

The Angel List That Matters, All The Incubators & Accelerator Taking Apps Through Angel.co

Here’s the complete list of incubator and accelerator programs that you can apply to using an account from angel.co (Angel List). If youu’re not familiar with Angel List, it’s one of the three things we recommend you sign up for as soon as you start your startup, the list also includes CrunchBase and Startup America. Info on all three is here at “three free things every startup should do”

Marquee accelerator programs like 500 startups, Techstars and Dreamit Ventures are all using the Angel List platform for easy access to applications. Here’s the complete list.

500 Startups, Silicon Valley program focused on startups everywhere. Founded by crazy ass Sith Lord of Startups Dave McClure. This program promotes entrepreneurship everywhere. Apply here

Techstars, one of the widest recognized brands for startup acceleration based in Boulder CO with programs in Boulder, Seattle, Austin, Chicago and New York. Apply here.

DreamIt Ventures is based in Philly with programs in New York, Austin and Israel. Apply here

Capital Factory is based in Austin with a concentration on revenue vs follow on funding, Apply here

Murker Lab is one of Silicon Beach’s (LA) marquee startup accelerators. Apply here

Alchemist Accelerator based in the valley they are looking for startups with “distincitive technical cofounders” Apply here

sxswVC Fast Pitch at SXSW in Austin Apply here

LaunchPad LA is in it’s 5th class for their LA based mentor driven accelerator Apply here

Amplify.la Amplify is a hands on startup accelerator and multi faceted entrepreneurial campus in Silicon Beach (L.A.) Apply here

Upstart Labs, located in Portland they focus on B2B startups Apply here

Founder Fuel, Is a Canadian based accelerator in Montreal with $50,000 seed and an opportunity for $150k follow on Apply here

Launch Pad, is in the heat of New Orlean’s Super Bowl of startups Apply here

Longhorn Startup is an entrepreneurship class at UT in Texas Apply here

SeedStartup is an international startup accelerator in Dubai Apply here

GSF India is a multi-city startup accelerator in India located in Delhi, Mumbai, Bangalore and Chennai Apply here

nReduce is the online startup incubator Apply here

And why you’re at it why not pick up two tickets to the largest startup conference in the U.S. everywhereelse.co The Startup Conference

Excelerate Labs Becomes Techstars Chicago

Today in a blog post penned by Techstars founder David Cohen, he announced that Excelerate Labs, the startup accelerator located at 1871 has become Techstars Chicago.

Excelerate Labs was founded by Troy Henikoff and Sam Yagan (OKCupid, SparkNotes and Match.com) in partnership with Sandbox Industries and New World Ventures.

We’ve covered several of the Excelerate Labs startups and have managed to make a few trips to 1871 over the last year. Their classes work hard, play hard and innovate. It’s one of the finest accelerators in the country, which has prompted Cohen and Brad Feld to invest in multiple Excelerate Labs graduates including: SpotHero, GiveForward and Tap.Me

Techstars has always started their programs from scratch. At one point they began endorsing a number of accelerators that applied their same methodology. That network was once known as the Techstars Network and has since spun out of the Techstars brand and into “Global Accelerator Network”.

For the first time ever Cohen is now turning to an existing accelerator, Excelerate Labs, to open Techstars Chicago.

“We were so impressed with what they’ve built that we asked them to join forces with us and turn Excelerate Labs into TechStars Chicago. TechStars and Excelerate have always been kindred spirits: we both put entrepreneurs first and believe in the power of mentorship.” Cohen said on the Techstars blog.

Troy Henikoff says, “We are excited to combine Excelerate’s deep roots in Chicago with TechStars’ vast alumni and mentor networks. TechStars Chicago will be an even stronger force in Chicago and will add incredible firepower to the TechStars platform.”

“I congratulate Excelerate Labs and I am pleased that TechStars has identified Chicago as one of the best places to start a technology business. This advancement is a huge step forward for the city’s technology economy and will fit hand-in-glove with the other efforts being made to promote entrepreneurship and create new jobs around Chicago.” – Mayor Rahm Emanuel

Applications for Techstars Chicago are open now. The first early bird deadline is March 1st, the final deadline is March 15th. The program will begin May 29th and end on August 29th. To apply click here

Join Pat Riley, Managing Director of the Global Accelerator Network, along with several of their accelerators at the biggest startup conference in the U.S. everywhereelse.co The Startup Conference