Brandery 2012 Alumn Flightcar Nabs $5.5 Million From Investors Including Ryan Seacrest

So back in July when we heard the original idea behind FlightCar I thought this group of teenage ivy league dropouts was absolutely crazy. Their Cincinnati startup Flightcar is a crazy idea. Their simplest pitch, “let someone else rent your car while you’re traveling” seemed a little far fetched. Combine that with the fact that there’s maybe 10 years driving experience between the three of them and even less business traveling experience, and I was totally disconnected.

Sometime during the Brandery’s demo day back in October my opinion changed. By the end of their pitch, and then a brief meeting with all three founders and I was completely sold.

With the “sharing economy” becoming more and more popular, why wouldn’t someone let another person borrow their car while they are away on a trip. People are doing it with their homes all the time now, by way of Vayala and Airbnb.

The concept is fairly simple. You’re flying out of town for a trip and you have to pay for parking for your car. Rather than paying for parking, Flightcar allows you to park your car in their lot and then while your gone it gets rented out to someone else who is coming into town for the same length or a shorter amount of time. Now, instead of spending money to park, you’re making money with your car that would otherwise be sitting in a parking lot.

To make the value proposition work Flightcar founders Rujul Zaparde, Kevin Petrovic and Shri Ganeshram had to insure a few things for their customers to be comfortable with the transaction.

Insurance: Of course the entire transaction, car, renters, drivers and passengers would need to be fully insured. Flightcar has done this by securing a $1 million dollar insurance policy.

Ease of transaction: The Flightcar team has managed to build in several factors to make the transaction as easy and painless as possible. The Flightcar website helps pre-determine the “borrowing”. Once at the airport (participating airports), you park your car at the Flightcar lot where a ride is provided to the gate. Flightcar will also wash and clean your car prior to renting it out and prior to you picking it up.

After the Brandery, Flightcar was accepted into the YCombinator accelerator program in Silicon Valley. Now they’ve raises $5.5 million dollars from investors. This first round of funding comes from General Catalyst, Softbank Capital, Ryan Seacrest’s Seacrest Global Group, founder of Airbnb Brian Chesky, with participation from a host of other investors including First Round Capital, Andreessen Horowitz, and Reddit co-founder Alexis Ohanian, according to TechCrunch.

Check out their pitch video from Brandery’s 2012 demo day below:

Find out more about Flightcar here at flightcar.com

The Brandery is one of the country’s top 15 accelerators, check out all of our Brandery coverage here.

St. Louis Arch Grants Sees 707 Applicants For 2013

Startups who applied, and have made the finals for the St. Louis Arch Grants startup program, are waiting on pins and needles leading up to the final pitch offs and winner announcements.

Arch Grants is a program that kicked off last year in St. Louis. They provide startups with a $50,000 grant (disbursed quarterly over a year). Of course, being that it’s grant money, there is no equity exchanged. Startups selected for the program will relocate to St. Louis where they will enjoy deeply discounted residential and commercial rent, free legal, accounting, marketing, cloud computing and mentoring support, and access to the St. Louis angel investment network.

Arch Grants will award 20 such grants this year and plan on making the announcement early next month. All 20 startups will serve as spokespeople for the St. Louis entrepreneurial community and also be eligible for $100,000 follow on grant money (again no equity).

Our good friend Edward Domain, at media company Techli was one such winner last year. Domain had frequented the St. Louis startup scene from his base of operations, which was Chicago at the time. Once receiving the grant Techli moved to St. Louis and the T-Rex co-working, incubation space.

Domain just recently profiled three of the finalists for this years grants at techli.com

While many startups from across the country apply, and are more than willing to move to St. Louis for it’s rich, budding startup community, some local entrepreneurs have applied too.

Ron Story, a local St. Louis resident and founder of LeadWarmer, told Domain:

“As a resident of the St. Louis metro area, St. Louis is a no-brainer for me. I’ve worked for a St. Louis based startup myself and now that I’ve launched my own venture and have some traction, I am more convinced than ever that St. Louis is exactly where I need to be to grow my business. Being an Arch Grants finalist is humbling and exciting all at once. It makes me proud an East St. Louis entrepreneur can grow a great business here.”

Check out the rest of the story at techli.com

St.Louis has a great startup community, check out more St. Louis startup stories here.

Startup Front, There’s Something Brewing Outside Of Chicago

We’re pretty confident that over the course of the last year Chicago’s thriving tech startup scene has proven the folks at PandoDaily wrong, very wrong. Chicago has one of the fastest growing startup tech scenes in the world. Their 1871 incubator and startup epicenter is amazing, producing hit after hit and now home to TechStars Chicago.
It’s this eruption of startup activity that got serial entrepreneur Kelly Schwedland and entrepreneur Nat Finn talking about what they could do on the other side of Chicago, in Valparaiso Indiana.

We’ve reported on Indiana’s other thriving startup communities, like Indianapolis, home to the Speak Easy, Developer Town and Verge Indy events. We even featured Speak Easy Executive Director Denver Hutt as one of our Bad Ass Startup Chicks.

Now, those in Northwest Indiana don’t need to head into the big city to have access to startup resources thanks to Schwedland, Finn and a host of other collaborators.

Startup Front started out as a lunch meet up for tech leaders, entrepreneurs and startup founders. Like every great startup though, they pivoted and have now become an accelerator, which will launch next year, with a ten year plan of cranking out at least 2 startups per session ripe for an IPO.

Nibletz co-founder and new CEO, Nick Tippmann, was a guest speaker at the kick off event for the new Startup Front last week in Valparaiso. Over the next two weeks we will feature a series of videos from Startup Front that discuss building startup communities in the heartland.

Check out the video below where Tippmann interviews both Finn and Schwedland. They discuss bringing some of the attributes of the third largest city in the United States, just miles down the road to North West Indiana.

Check out Startup Front at startupfront.org

We’ve got more startup stories from Indiana here at nibletz.com

The Never Ending Marker Finalist: In St.Louis’ go!-celerator

goBRANDgo! Partners Brandon Dempsey and Derek Weber

(photo: St. Louis Business Journal)

St. Louis may be known for it’s world famous beer, but lately their startup community has been growing and thriving. They have an awesome angel network in place, St. Louis Arch Angels. They also have an accelerator that’s producing real results (and not pre-lining up follow on deals from accelerator partners), Cap Innovators. They have an awesome community focal point in the co-working space T-Rex, and when one of their startups or entrepreneurs faces tough times they rally around them, rather than distancing themselves.

So far the St. Louis startup community is operating by the handbook, Brad Feld’s “Startup Communities”.

Now one of St. Louis’ startup community supporters has launched a new incubator. goBRANDgo! a local marketing firm has decided to open up a new incubator.

Their new incubator, dubbed; go!-celerator is designed for early stage startups. Three finalists are competing for a year’s free office space, networking opportunities, and mentoring to the tune of $50,000 in agency resources.

Saint Louis University student Gregory Keogh and his startup, Remarkable, are finalists for the first spot in the go!-celerator. Keogh is developing a refillable white board marker station that will keep the dry erase marker full at all times.

While this seems like a great idea for any business, startups, who are known for endless “whiteboarding” would certainly take advantage of the value proposition posed by an endlessly refillable,never ending dry erase marker.

According to the St. Louis Business Journal, goBRANDgo! founders Brandon Dempsey and Derek Weber have a thing for going through lots of dry erase markers.

Remarkable is a finalist pitted against Bazaar Boy a tech startup creating a market place for local small businesses and HCP United “an integrated E-Dispensary platform designed for member-based purchasing groups that allows health care providers to deliver more affordable care. “

You can find out more about goBRANDgo! here.

This startup in Louisville teaches 5 year olds how to code!

Are VC’s Bypassing Early Stage Health Deals?

Healthcare startups,Venture Capital,startups,funding,seed round,series a

(image: policymed.com)

Success stories, like the one of Memphis’ medical device accelerator Zeroto510, where 80% of their first class received follow on funding, seem to be growing scarce on a national scale. In their first class of six startups at the ZeroTo510 program 5 of the startups received follow on funding, with one, Restore Medical Solutions, going straight to a $2.5 million dollar series A round.

Well national medical startup publication MedCity News, released two graphs this morning that may be alarming to early stage medical startups, who often need a lot more seed money than your social, mobile, webtech startups.

The data, published by CB Insights, shows a significant number of VCs are skipping over earlier stage “seed round” deals for healthcare startups. Conversely, the same data set shows that the “series A crunch” may not be as prevalent in healthcare startups.

As you can see clearly from the data set Series A and Series B seem to be the preferred stage for a VC firm to get into a startup business, at least over the last five quarters.

According to MedCity News VC Funding in healtcare was up over the last year, in fact reaching a “multi year high”. Also worthy to note is that the medical device category is eating up the most VC funds. That should be good for the next round of ZeroTo510, Rock Health and Health Box.

Restore Medical talks to us about their $2.5 million dollar Series A round.

Dreamit Health Announces Inaugural Class

You may think that today is all about accelerators and healthcare, well we didn’t intend it to be that way but there’s major startup news on the accelerator and healthcare front.

DreamIt Ventures, the multi-city startup accelerator brand, announced late last year that they would be teaming up with Independence Blue Shield and Penn Medicine to hold their first medical focused startup cohort. They announced that cohort on Wednesday.

For the first DreamIt Health accelerator they put out an application call for startups seeking to develop tools for healthcare providers to speed up diagnoses and improve outcomes.

“At IBC, we believe that innovation is the key to bringing fresh ideas into health care, and are working to transform the Philadelphia region into a national magnet for health care innovation, investment, and employment,” said IBC CEO Daniel Hilferty in a company statement.

The first cohort includes big data startups, mobile startups, devices, and even fitness startups aimed at curbing childhood obesity. Each team will receive what MedCityNews called a “stipend” of $50,000 and of course access to the DreamIt, IBC and Penn Medicine entrepreneur and mentor network. The program will end with an investor demo day showing the progress these early stage teams made in the program.

The 10 companies selected are:

AirCare: A mobile startup to help hospitals prevent readmissions and improve patient outcomes using telenursing and patient-specific analytics.

Biomeme: A mobile molecular diagnostics device to help point-of-care clinicians and epidemiologists diagnose and track infectious diseases in realtime with smartphones.

Fitly: The company wants tohelp health plans deal with the childhood obesity epidemic by engaging and motivating at-risk families with gaming and convenient delivery of healthcare.

Grand Round Table: Its application helps clinicians rapidly diagnose complex cases by matching the patient’s electronic record against millions of other cases drawn from around the world.

Medlio: The mobile app aims to help physicians get paid faster and get rid of paper-based registering forms with a virtual health insurance ID card to sync the right information among patients, providers and payers at the point-of-care.

OnShift: Helping hospitals improve patient outcomes through instant communications between clinicians caring for the same patient is the goal of this healthcare communications system. It also wants to remove obstacles to effective care delivery and care transitions.

Osmosis: The learning management system helps medical institutions develop clinicians who better retain and apply knowledge through a Web and mobile platform that uses cutting-edge cognitive techniques.

MemberRx: A solution intended to improve the way pharmaceutical costs are controlled by enabling selection of the best generic or on-formulary branded drug for a specific patient through an electronic medical record system.

SpeSo Health: The online analytics platform identifies and accesses medical expertise in rare and complex diseases.

Stat: The Web and mobile app helps providers and payers make patient transport more efficient and lower costs by matching and dispatching idle transportation resources.

The application deadline for Memphis’ highly successful ZeroTo510 medical device accelerator is tomorrow.

Nashville’s MedSolutions Innovation Challenge Apps Close Next Week

MedSolutions is partnering with Nashville’s tech accelerator Jumpstart Foundry to offer one startup that has an “innovative idea to help consumers improve healthcare decisions”, the opportunity to be a full fledged member of the summer 2013 cohort.

They are taking applications from healthcare focused startups now through April 12th.

“When you combine MedSolutions’ leadership in medical cost management and Jumpstart Foundry’s program to quickly accelerate innovation, all housed in Nashville’s booming healthcare community, the opportunity for entrepreneurs who participate in the Innovation Challenge just doesn’t get much better,” said David Ledgerwood, COO of Jumpstart Foundry.

Through this program, MedSolutions will partner with selected entrepreneurs to develop and introduce new products and services that help consumers make better decisions around their utilization of the healthcare system. These innovations will allow patients to capture maximum savings and improve the overall quality of care they receive.

“Our company places a high value on entrepreneurship, and we’re always looking for new, problem- solving innovations, so this is a natural partnership for us,” said Gino Tenace, chief strategy officer for MedSolutions.

The startup selected through the Innovation Challenge will go through the same rigorous 14 week program that the other applicants selected for Jumpstart Foundry participate in. They will also get the opportunity to present to over 400 investors at Jumpstart Foundry’s investor/demo day in August.

To get rolling on that application click here

More startup news from the midsouth can be found at siliconmidsouth.com

Out of 1700 Applications Here Are The 11 Startups In The Spring NY Techstars Session

Eugene Chung took to the official Techstars blog to announce that this spring’s session at NY Techstars was by far the biggest applicant pool they had seen. Techstars NY received over 1700 applications from 420 cities, 66 countries.

“We had applicants from countries as diverse as Nepal and Tanzania. More than ever, our applicant pool reflects the global reach of TechStars and the infusion of technology in the cultural zeitgeist of societies around the world. The movie The Social Network has become the Wall Street of our generation. This is true not just for America but for the world at large. Some of the brightest minds of our era are choosing to become entrepreneurs.” Chung said on the Techstars blog.

The 1700 applications came from a wide range of technology verticals. This year they even have a startup in the class called FaithStreet, in the religious space. “For the first time ever, we have a company tackling the religion space, an underserved yet massive market with incredible opportunities for disruption.” Chung said.

FaithStreet helps users find churches in their neighborhood. Their website boasts 11,359 churches in 3473 cities across America, and seems to be growing already.

The Techstars New York spring 2013 session runs through June 28th when they will hold investor day.

Here are the 11 startups selected this year:

Ad Yapper – “Talk back to any ad in the world, influence brands, and make a real difference.”
Dash Labs – “America’s story is written on the road. Connect to Dash and chronicle your journey.
FaithStreet – “Find a church near you.”
Jukely – “Concert concierge. The shows you’ve been missing, tailored and delivered.”
Klooff – “iPhone app for pet lovers.”
Placemeter – “Connecting smart customers with smart businesses. One place at a time.”
Plated – Ingredients in pre-measured portions delivered to you for quick, home-cooked meals.
Sketchfab – “Publish and embed interactive 3D models.”
TriggerMail – “Personalized retention emails for Ecommerce.”
Validation Board – “Test your startup idea without wasting time or money.”
weeSpring – “Find essential baby products with advice from your friends.”

Check out these startup accelerator stories from “everywhere else”.

OFFICIAL: Paul Singh Unveils Dashboard.io Steps Down From 500 Startups

A few weeks ago during SXSW we had heard some rumblings that DC area native Paul Singh was tapping his network back east and preparing to launch a startup of his own, sort of.

This announcement from TechCocktail says it’s official. Armed with a $250,000 investment from DC based NextGenAngels, Singh is embarking on a mission to take a system he developed that has been used internally at 500 Startups and bring it out to the world.

While we were in Silicon Valley last week we stopped by for a three hour tour and a cool session with 500 Startups Fire Chief George Kellerman. Kellerman reiterated the positive things that many of the 500 Startups founders we’ve talked to have said about their internal dashboard system, which is the Dashboard.io product Singh is now working on full time.

The dashboard system has allowed 500 Startups founders, and 400 accelerator companies to communicate internally with VC’s, Angels and Mentors. Sarah Ware, CEO and Founder at 500 Startups alum Markerly, told us “The dashboard system gives us access to people that may not necessarily correspond with us outside of the system.” Being a 500 Startups company certainly gives a startup credibility but Ware added “potential investors and mentors get back to us quicker when the message comes through the system.”

“This thing is so deceivingly simple, but it’s amazing that no VCs have really innovated in this space,” Singh said to TechCocktail.

New startups sign up for the system using Angel List. Dashboard.io gives them access to their investor’s networks where they can start having discussions, send private messages and make comments. If a startup shares their analytics, the system gives investors access to comparative data on how the startup stacks up against other startups and their competition.

As of this writing there have been 18,509 interactions, 2,224 mentor sessions across 1,044 funded startups.

For more info check out dashboard.io

500 Startups Founder Dave McLure says Buying a house is far more risky than investing in startups.

Tampa Bay Wave Announces First Accelerator Class

The paint is hardly dry at the Tampa Bay Wave incubator and accelerator. No, literally they just opened their doors on March 15th and with that, the center that prides itself on being by entrepreneurs, for entrepreneurs, announces it’s inaugural class.

Michael LaPlante, the curator of the Tampa Bay Startup Digest announced the first 8 startups to accelerator at Tampa Bay Wave in Monday morning’s digest. Here they are:

SHOOTRAC: Provides organizations of all sizes a simple way to capture big data on its customers, assets and workforce and use the information to leverage these resources for maximum efficiency and customer service using a cloud-based, scalable Software as a Service solution

Cartooga: Through its proprietary e-commerce platform and expert staff, Cartooga, Coracent offers shopping cart hosting and a variety of conversion optimization features designed to help businesses open an online store, drive traffic and increase conversion rates.

Secondhand Living: An e-commerce site where consignment, antique and thrift shops, as well as architectural salvage material suppliers promote their businesses and offer their products for sale. There are thousands of these independently owned shops in North America (even more abroad) and the majority of them have no online presence.

Drawer: A technology product expressed initially through a mobile application that provides a framework for capturing and cataloging real-life recommendations between friends and acquaintances. Drawer helps to catalog across various verticals – places, movies, music, products, books, etc. – in order to provide a comprehensive and centralized place for storing this information.

Commendable Kids: It is a community of children striving to be the best they can, as they work toward earning badges that can then be proudly displayed and shared with their supporters. Commendable Kids helps encourage and challenge children to learn new skills and reach new milestones.

Confy.co: Confy.co helps track and organize an event from start to finish by providing targeted solutions and management tools to conference organizers, sponsors, hosts and other event-related personnel to successfully manage the myriad of data, requirements and essential organizational needs.

Kite Desk: A personal cloud information manager that lets users connect their cloud service accounts and automatically links and organizes their messages, contacts, files, events and more into useful streams of information. Kite Desk provides the unique value of personalized, contextual computing to both web and mobile clients.

SavvyCard: A mobile web platform for actively referring business transactions. It combines features of an online business card with an intelligent referral system that generates measurable leads and sales. SavvyCard offers a convenient way to pass “warm” referrals from any web enabled device, track and respond to referrals in real time, reward referral behavior and build mobile-friendly referral networks.

Obviously Tampa Bay Wave is off to a great start, we expect to hear a lot more from them. If you’re in the Tampa Bay area you can find out more here.

We’ve got more accelerator stories here.

Dave McClure: Buying A House Is Far More Risky Than Investing In Startups

Startup people love to hear about Dave McClure the founder of 500 Startups and early stage investor. Most clamor at the opportunity to get just a glimpse of facetime with him and everyone hopes that their startup makes it into the 500 program so they can learn from one of the masters.

A lot of people love to hear him speak because his speeches and appearances are always riddled with curse words, GASP, but really he’s just using language that allows him to communicate as fast as his brain is moving.

In talking with a mutual friend who grew up with Dave McClure, the friend said “Dave is like a whirlwind, like the tasmanian devil. I used to worry that his brain would explode”.

So needless to say people listen because McClure is always making great points. One of those points was in his appearance last month on This Week In Startups (TWiST).

While everyone is waiting for the SEC to stop twiddling their thumbs on crowdfunding, McClure was talking about what a pain in the ass it is for someone to invest in startups and get “accreditation”.

It’s much easier to buy a house than it is to invest in a startup, but as McClure pointed out in the interview with Jason Calicanis, buying a house is a far more risky endeavor.

There’s a certain amount of money that anyone should be able to fucking burn or blow on startups. We encourage a ridiculous amount of money to go into the residential real estate market which has burned people fucking terribly in the last five years. Ridiculous numbers of people in this country are upside down on their mortgages and bankrupt because legitimate, regulatory-approved agents have shoved real estate fucking mortgages down their throats. We have subsidized this with our tax dollars, we are the people.

Like you fucking blame the investment bankers? Fuck You.

It’s you voting for your representatives who are in the pockets of Sallie Mae Ginnie Mae, Fannie Mae, whatever who are shoving shit down the pipe. Like Moody’s and all these other people who have crap verification. . .

If you want to protect the small investor, don’t let them buy a house in this country, because that is the most dangerous thing you can do with your money. Period.

Investing in startups which might fail? You only lose $1. You invest in a house, you put 5% down or sometimes 0% down and you can lever up a ridiculous amount of money. You can lose 20 times your investment and people do it every day and they think it’s a good idea. McClure said on the show.

When you trace back the super genius that is Dave McClure, Sith Lord of 500 Startups you’ll come to find that he isn’t some Zillionaire throwing money at startups for fun. He’s done well for himself but he’s still raising money as fast as he’s investing it. Sure, like everyone else he wants to make money but he’s looking more at making an impact on the world through the technology companies he and his partners touch.

Many people don’t realize that even if they saved up say $50,000 over the course of two years to do some small angel investments, if they’re only making $150,000 they can’t technically be an accredited investor. Of course they could put a down payment on a house, or two.

See the TWisT here.

Source: Ian Kennedy’s Everwas

We’ve got more from 500 Startups here.

500 Startups Company Waygo Talks To Nibletz [video][500 startups]

Earlier this morning we brought you the interview with Spinnakr founder Michael Michael Mayernick who talked with us about laying their foundation in Washington DC which helped them prepare for and then graduate from 500 Startups in Silicon Valley.

Ryan Rogowski, the cofounder of translation startup WayGo, also talked with us about their experience in Rhode Island before being chosen for 500 Startups.

In the video below Rogowski talks to us about the much lower cost of overhead in Rhode Island, and how it allowed them to speed up their development process. Waygo was able to catch the eye of 500 Startups founder Dave McClure, who is a very frequent traveler, the kind that Waygo was designed for.

As for what they do?

Waygo is a mobile app that allows you to hover your smartphone camera over text or images and get a translation. For instance, if you want to order Chinese Food from a Chinese menu written in their native tongue, Waygo would allow you to scan the menu and get real time translations. The best part? Everything is done locally on the device side which makes the translations come extremely fast.

Waygo is designed with the tourist in mind. You can use Waygo to translate Chinese food menus, and signs on the road, bars and restaurants.

The idea came about over two years ago when Rogowski was living in China and realized how hard it was to translate things in real time.

Check out our video interview with:

Check out more 500 Startups coverage from nibletz!

500 Startups Alum: Spinnakr On The Importance Of Laying A Foundation At Home

This week nibletz, the voice of startups everywhere else, is participating in the first annual LaunchYourCity, mission trip to Silicon Valley. The trip, sponsored by American Airlines and Uber, is a chance for startups, and ecosystem influencers from Memphis to experience the high paced startup life in the Valley.

Through Memphis native and 500 statups alum Frank Langston, and our good friend Sarah Ware at Markerly, we got to spend a good portion of the day at 500 startups.

Internally at nibletz we actually debated taking this trip up until the last minute. So while we’re the voice of startups everywhere else, there is a lot to be learned from founders out here in Silicon Valley. First things first about 90% of them aren’t actually natives, most have moved from somewhere else.

To that end, we got a chance to talk with two startups, Spinnakr and WayGo, about the role laying foundations in their hometowns played in building their startups prior to heading out west.

500 Startups has no requirement on where a startup has to reside after the completion of their 4 month program. We gathered that about half of the founders in each cohort choose to stay in Silicon Valley while the others either move back home or to cities that strategically work better for their companies.

Spinnakr is one of the startups that stayed in the valley. They actually graduated out of the 500 startups accelerator in 2012 (the 2013 class just graduated last month). Michael Mayernick, co-founder at Spinnakr, talks to us in the video below about the importance laying roots and a foundation at home played in Spinnakr’s growth and success.

Maryernick is still intune with what’s going on in Washington DC, itself a city where innovation is progressing at a very fast pace. Mayernick was named a Tech Titan by Washingtonian Magazine in 2011. He curates the DC Startup Digetst and co-organizes the DC Tech Meetup.

Check out the video below and for more info visit: Spinnakr.com

Check out more of our 500 Startups coverage at nibletz.com

Meet The 10 Startups In The Nike Techstars Accelerator

Techstars, the world renowned accelerator network has been beefing up there offerings with new locations, like Techstars Chicago and new vertical accelerators in conjunction with Microsoft and Nike. When announced late last year, the startup space was on fire over the possibilities that would come from an accelerator driven by Nike and TechStars.

The Nike accelerator is buit around their NikeFuel digital platform and the Nike Fuel band.

“We are excited by the response to the Nike+ Accelerator and the high caliber of applicants to the program,” Stefan Olander, Nike’s vice president of digital sport, said in a news release. “We recently celebrated the first year of NikeFuel, and the Accelerator program is a natural next step to broaden and enhance the Nike+ ecosystem – allowing Nike to offer richer experiences to athletes of all levels.”

As with most TechStars branded accelerators, hundreds of teams applied. Here are the 10 that were chosen, as reported by the Portland Business Journal.

FitDeck (San Diego, Calif.) — Digital decks of exercise playing cards that deliver ever-changing workouts for fitness and sports. (Fitdeck.com)
GoRecess (New York) — Helps users find, book and review fitness activities. (Gorecess.com)
Chroma.io — Indie game studio that creates virtual worlds tied to real-world activity. (jumpbots.chroma.io)
CoachBase — Provides a digital sports coaching platform. (Coachba.se)
GoFitCause — Leverages fitness data as a means of raising money for charities. (Gofitcause.com)
HighFive — Ad network for health and fitness apps that helps people achieve goals by rewarding them along their journey. (Highfive.io)
Sprout At Work (Toronto) — Provider of corporate wellness solutions using social and gamification tools to inspire employees and employers. (Sproutatwork.com)
GeoPalz (Boulder, Colo.) — An interactive gaming and rewards platform for kids and families. (Geopalz.com)
Incomparable Things — Creates activity-driven fantasy sports leagues. (Incomparablethings.com)
RecBob (Cedar Rapids, Iowa) — Offers a platform that makes recreational sports easy by organizing play. (Recbob.com)

Find out more about TechStars here.

Check out more accelerator stories at nibletz.com