AccelerateBaltimore back for a second year, with funding for up to six companies - Technical.ly Baltimore

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Sep. 24, 2012 9:30 am

AccelerateBaltimore back for a second year, with funding for up to six companies

AccelerateBaltimore, Charm City’s homegrown accelerator program — as well as the city’s first business accelerator — is back for a second year, announced the Emerging Technology Center on Friday. The application period for the accelerator program opens in October, and up to six companies will be admitted and take up residency in the ETC in February, according […]

AccelerateBaltimore, Charm City’s homegrown accelerator program — as well as the city’s first business accelerator — is back for a second year, announced the Emerging Technology Center on Friday.

The application period for the accelerator program opens in October, and up to six companies will be admitted and take up residency in the ETC in February, according to a press release from the mayor’s office.

From the presser:

AccelerateBaltimore will again provide $25,000 in seed funding to each accelerator company, free office space, access to a high-level advisory team, a 13-week hands-on instructional program, and connections to potential investors, partners, and resources. [more]

The Mount Vernon-based Abell Foundation and the city provide funding for the accelerator.

Originally started in April 2012, AccelerateBaltimore graduated its first four companies in July: NewsUp, Kithly, Unbound Concepts and NoBadGift.com, which is presently participating in the NewME Accelerator program.

Baltimore-based companies selected for the first class of AccelerateBaltimore joined on the condition that they not relocate out of the city, although such a condition appears to be absent for the second round of AccelerateBaltimore startups, according to the Baltimore Sun.

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