Accelerate Baltimore offering $100K in follow-on funding for 2nd year straight - Technical.ly Baltimore

Growth

Oct. 5, 2016 4:01 pm

Accelerate Baltimore offering $100K in follow-on funding for 2nd year straight

Applications for the ETC-run accelerator program open Oct. 12.
The mybestbox team after their Accelerate Baltimore win.

The mybestbox team after their Accelerate Baltimore win.

(Photo by Stephen Babcock)

The accelerator program run by Emerging Technology Centers is once again set to award one startup an additional $100,000 in 2017.

Accelerate Baltimore applications are set to open from Oct. 12-Dec. 1. The four-month program provides six selected startups with $25,000 in funding, along with office space, programming and access to mentors. At the end of the program, companies pitch investors to win the additional $100,000. Funding is provided by the Abell Foundation.

ETC Assistant Director Jackie¬†Albright said the program is seeking pre-revenue companies that are “passionate about the problem they are solving and can make $125,000 go the farthest.”

In 2016, mybestbox won the additional funding and has since moved into a new space in West Baltimore.

Ahead of the accelerator, ETC has also been holding the Pioneer Baltimore program to help startups turn ideas into companies.

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