(Photo by Andrew Zaleski, file)
Attention fledgling Baltimore founders: There’s less than a month left to apply for the city’s 13-week accelerator program.
For the 2015 session, six companies will be chosen to take part in the three-month intensive program. Each company is awarded $25,000, and gets access to mentorship and other resources to help propel their ideas forward.
“It helped us focus our efforts,” said NewsUp cofounder and CEO Andrew Schuster. “It helps you focus on prioritization, and what is actually important for you to accomplish.”
According to ETC President Deb Tillett, 81 percent of the companies who participated in the program are still in business.
While $25,000 may not be enough to get a company completely off the ground, the program prides itself on offering ways to help grow that investment. The 16 companies that have participated have raised a total of $2.5 million in funding after participating in the program.
“The money is a helpful resource but it’s the insight gained from people who have done it before that helped guide us to the next level,” NewsUp’s Schuster said.
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