(Photo by Stephen Babcock)
The Emerging Technology Center (ETC) opened applications Thursday to startups interested in joining its accelerator.
Accelerate Baltimore is a 13-week program that looks to help pre-revenue tech companies get to market. ETC will pick six startups to participate in the program, which starts in mid-March.
The program provides $25,000 in seed funding, as well as access to office space at ETC’s campus in Highlandtown, programming and mentoring.
It closes out with pitches to investors, where one company will receive an additional $100,000 in follow-on funding.
The seven-year-old program is funded through the Abell Foundation.
“The Abell Foundation began funding Accelerate Baltimore seven years ago on a promise that selected companies would put down roots, attract capital, grow their companies and create jobs in Baltimore City. The ETC has made good on that promise to date,” Abell Foundation President Robert C. Embry said in a statement.
According to ETC President Deb Tillett, the program has back 34 companies in that time. Last year, the $100,000 was awarded to Chord, a company making a smart collar and app. Arbit, a social polling company which also graduated last year, went onto raise money through TEDCO and an equity crowdfunding round.-30-
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