St. Louis’ Capital Innovators Opens Up Applications For Spring 2014 Cohort

St. Louis Capital Innovator’s accelerator program has opened up applications for their Spring 2014 program. This will be the 6th cohort to go through St.Louis’ highly successful program.

Capital Innovators is backed by the most influential people in the St. Louis startup ecosystem, including Jim McKelvey who is firmly planted in the startup community. We just reported last week on the inaugural cohort at the new SixThirty accelerator, an accelerator for fintech startups that takes its name from the height and width of St. Louis’ famous arch.

Capital Innovators provides $50,000 in seed funding for their startups and also provides them with project-based mentorship, collaborative learning, and more. The entire St.Louis startup community gels around each class in the Capital Innovators accelerator program, which is housed at the T-Rex startup, co-working, and incubation space downtown.

Our good friends at Bonfyre, who have provided the engagement app for our Everywhere Else national startup conferences, is an alumni of Capital Innovators. LockerDome, who’s founder Gabe Lozano was a big hit earlier this year at Everywhere Else conference in Memphis is also a graduate of Capital Innovators as are BidRazor, Adfreq, and many more.

Applications are being accepted through November 15th, and the cohort will be announced in January. Meanwhile, the current Fall 2013 cohort will graduate in December. We’ll be there to cover all the action. You may want to hurry up and apply now, before I decide to go and apply. Here’s the link.

St. Louis Accelerator Capital Innovator’s Introduces Fresh Class Of Startups

At an event held at Moulin in St. Louis last night, Capital Innovators, the region’s cohort based accelerator, announced their newest class of startups. The class will convene for a 12 week program at the T-Rex startup hub and co-working space.

T-Rex houses several other startups as well as winners in the Arch Grants program that gives grants to startups to relocate and build their business in St. Louis.

This is the fourth class to go through the Capital Innovators program. To date, Capital Innovators has invested in and graduated 24 other startups in a variety of industries. Startups like Systematic Revenue and Norsecorp, that have successfully gone through the Capital Innovators program, have also successfully raised follow on funding.

The Capital Innovators program sees their startups with $50,000 which runs on the higher side of accelerator seed funds. Typically accelerators fund companies with between $10,000 and $25,000 dollars.

These are the five startups in the 2013 spring program, along with their founders:

BidRazor, Mike Pulley
BidRazor gives contractors the power to create custom bids much more easily and quickly than traditional
methods.
Dead Inventory Management Systems, Brandon Twitty
Dead Inventory Management Systems (DIMS) is in the business of aiding manufacturing companies in
listing large amounts of idle electrical inventory online in the matter of seconds using our Quick LIST
system.
Juristat, Drew Winship
Juristat helps lawyers predict the future. We transform raw court records into actionable analytics,
allowing users to predict the behavior of judges, juries, and attorneys. Juristat can calculate the odds of a
favorable verdict, motion, or appeal.
Time to Cater, Ed Spinaio
Time to Cater is a free national catering concierge service that connects busy people with the perfect
caterer for their event to save them time and money. We handle all the details of any catered event from
order through delivery and presentation at no extra cost to our client.
TrakBill, Steven Marciniak
TrakBill is an advocacy platform delivering timely, customizable updates on legislation, with a social twist.
Find specific bills or search areas of interest, receive up-to-the-minute updates on legislative actions and
hearings, and advocate for your cause using social media. With TrakBill, you spend more time advocating
and less time tracking

The spring class will end on April 26, 2013 and Capital Innovators will hold demo day on May 8th.

Two of St. Louis successful startups, LockerDome and Bonfyre will be at eveywhereelse.co The Startup Conference Will you?

St. Louis Startup Norsecorp Has Raised $2.5 Million So Far

Fresh on the heels of news that St. Louis startup Norsecorp entered into a very lucrative partnership with Global eTelecom, the company has reported that they are well on their way to finishing up a $3.5 million dollar round of funding.

Norsecorp provides technology that detects early warning signs of fraud for online transactions. Global eTelecom has a network of over 55,000 merchants nationwide that use their services for ACH and e-check processing. Norsecorp’s technology, when coupled with Global eTelecom, will provide protection from fraudulent transactions that could cost retails a lot of money.

Their software product is called IP Viking.

The Business Journal has reported that Norsecorp has already raised $2.5 million dollars in a round of funding that started on June 29th and expects to close on July 31. According to the SEC the minimum investment in the round is $50,000.

Norsecorp was part of Capital Innovator’s class last year. They received $50,000 in seed funding and also presented at Capital Innovators demo day at the end of the session.

Linkage:

Find out more about Norsecorp here

Nibletz is the voice of startups “everywhere else” here are more stories from St. Louis’ thriving startup community

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